Paragon Finance v Nash 
- Interest rate of loan not reduces with Bank of England Rate
- Couldn’t afford repayments
- Could house be repossessed? Unreasonable term allowing variation of interest rate?
- Repossession allowed, UCTA not applicable
- The interest rate is independent of the contractual performance, therefore UCTA doesn’t apply and not grossly exorbitant
Posted in Contract Law Revision Notes.
This page was last updated on 28th April 2014