Edwards v Lloyds TSB 
- A husband’s fraudulent obtaining of a mortgage led to a mortgagee seeking his jointly held family home to be sold
- Could the house be sold under a Trusts of Land and Appointment of Trustees Act 1996, s 14 order?
- Yes, but delayed for 5 years
- Unlike in Bank of Ireland Home Mortgages v Bell , the debt owed was relatively small
- It was unlikely that the wife’s share would allow her to purchase suitable alternative accommodation
- By delaying the sale for 5 years, the youngest child of the family home would be able to securely reach the age of 18 (and complete his education)
- The mortgagee would not be kept out of money indefinitely
Posted in Land Law Revision Notes.
This page was last updated on 2nd April 2015
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