Search results
Results from the WOW.Com Content Network
Vernon had taken out a £278 mortgage on the land, and on 5 March 1729 he assigned the mortgage to Mr Bethell, to whom he sold sugar, and got from him further loans of £5000 to £6000. On 23 April 1738 Bethell requested repayment of sums owed, by then £9541 9s 1d, or the enforcement of the security by taking possession of the land, but still ...
Mortgages in English law are a method of raising capital through a loan contract. Typically with a bank, the lender/mortgagee gives money to the borrower/mortgagor, who uses their property/land/home as security (essentially a reassurance) that they will repay the debt and any relevant interest.
In 1762, in Vernon v Bethell, [166] Lord Henley LC held that "necessitous men are not, truly speaking, free men", so a mortgage lender was barred from acquiring his debtor's Antigua sugar plantation. The principle inspired the Second Bill of Rights in 1944, for social and economic rights in US legislation.
Over the 18th century, the law of real property mostly came to a standstill in legislation, but principles continued to develop in the courts of equity, notably under Lord Nottingham (from 1673 to 1682), Lord King (1725–1733), Lord Hardwicke (1737–1756), Lord Henley (1757–1766), and Lord Eldon (1801-1827). [29]
Robert Henley, 1st Earl of Northington, PC (c. 1708 – 14 January 1772), was the Lord High Chancellor of Great Britain. He was a member of the Whig Party in the parliament and was known for his wit and writing.
This was the mortgage by conveyance (aka mortgage in fee) or, when written, the mortgage by charter and reconveyance [8] and took the form of a feoffment, bargain and sale, or lease and release. Since the lender did not necessarily enter into possession, had rights of action, and covenanted a right of reversion on the borrower, the mortgage was ...
Although people are generally free to set the terms of trusts in any way they like, there is a growing body of legislation to protect beneficiaries or regulate the trust relationship, including the Trustee Act 1925, Trustee Investments Act 1961, Recognition of Trusts Act 1987, Financial Services and Markets Act 2000, Trustee Act 2000, Pensions ...
Robert Henley was born Robert Eden at Lambeth Palace, London, [1] the second son of diplomat Morton Eden, and his wife, Lady Elizabeth, youngest daughter of Lord Chancellor Robert Henley, 1st Earl of Northington (c. 1708–1772) and eventual heiress to her brother, Robert Henley, 2nd Earl of Northington.