Parker-Tweedale v Dunbar Bank Plc (No 1) 
- Following the default of a mortgagor on payments of a £164,000 mortgage loan, the mortgagee took possession in order to sell the property
- The mortgage and house was in the wife’s sole name; her husband was a licensee only
- The property was valued at £380,000 – £450,000, and sold for £575,000, with the wife’s consent
- The purchaser re-sold the property within a week for £700,000
- Was the bank in breach of duty to the husband for not obtaining a proper price?
- A mortgagee in possession owed duties under sale only to their mortgagor (the wife), and not other beneficiaries to the sale
Posted in Land Law Revision Notes.
This page was last updated on 29th April 2015