logging in or signing up Priority and registration tutorial MichaelLower Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINTLite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 13 Category: Education License: All Rights Reserved Like it (0) Dislike it (0) Added: October 12, 2009 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... Premium member Presentation Transcript Area of Law: Priority and registration: Area of Law: Priority and registration(a) Relevant facts?: (a) Relevant facts?(a) Relevant facts: (a) Relevant facts Agreement for 10 year lease Complies with CPO, s. 3 Legal charge Alex doesn’t keep up with mortgage payments Any registrations? (a) Relevant law: (a) Relevant law(a) Relevant law: (a) Relevant law Walsh v Lonsdale First in time usually prevails Equitable interests defeated by bona fide purchasers LRO, s.2 LRO, s. 5 LRO, s.3(2) LRO, s.4 LRO, s. 3(1) (a) Applying relevant law to facts: (a) Applying relevant law to facts Equitable lease Prior to mortgage Mortgagee a bona fide purchaser for value without notice? Did B register? If not, s.3(2)(b) What if the lease were a legal lease?: (b) What if the lease were a legal lease?(b) Applying relevant law to facts: (b) Applying relevant law to facts Did B register? If not, s.3(2)(c ) Remortgaging - priority: (c ) Remortgaging - priorityFacts: Facts Original mortgage (2004 – Goodwill) Redeemed with loan from H Charging order in favour of W – registered in time New mortgage in favour of H New mortgage registeredRelevant law: FISA: Relevant law: FISAConclusion: H has the priority that G had and therefore (if G’s mortgage was registered) defeats the charging order: Conclusion: H has the priority that G had and therefore (if G’s mortgage was registered) defeats the charging order You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.
Priority and registration tutorial MichaelLower Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINTLite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 13 Category: Education License: All Rights Reserved Like it (0) Dislike it (0) Added: October 12, 2009 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... Premium member Presentation Transcript Area of Law: Priority and registration: Area of Law: Priority and registration(a) Relevant facts?: (a) Relevant facts?(a) Relevant facts: (a) Relevant facts Agreement for 10 year lease Complies with CPO, s. 3 Legal charge Alex doesn’t keep up with mortgage payments Any registrations? (a) Relevant law: (a) Relevant law(a) Relevant law: (a) Relevant law Walsh v Lonsdale First in time usually prevails Equitable interests defeated by bona fide purchasers LRO, s.2 LRO, s. 5 LRO, s.3(2) LRO, s.4 LRO, s. 3(1) (a) Applying relevant law to facts: (a) Applying relevant law to facts Equitable lease Prior to mortgage Mortgagee a bona fide purchaser for value without notice? Did B register? If not, s.3(2)(b) What if the lease were a legal lease?: (b) What if the lease were a legal lease?(b) Applying relevant law to facts: (b) Applying relevant law to facts Did B register? If not, s.3(2)(c ) Remortgaging - priority: (c ) Remortgaging - priorityFacts: Facts Original mortgage (2004 – Goodwill) Redeemed with loan from H Charging order in favour of W – registered in time New mortgage in favour of H New mortgage registeredRelevant law: FISA: Relevant law: FISAConclusion: H has the priority that G had and therefore (if G’s mortgage was registered) defeats the charging order: Conclusion: H has the priority that G had and therefore (if G’s mortgage was registered) defeats the charging order