Tygres Invs. Ltd. v. Jersey Home Loans Ltd. [2016] 2 JLR 1 (05 July 2016)
A mortgage company cannot be compelled to renew or extend a mortgage where the borrower is in arrears and cannot provide a first hypothec as security.
- Citation
- [2016] 2 JLR 1
- Parties
- Applicant: Tygres Invs. Ltd.; Respondent: Jersey Home Loans Ltd.
- Jurisdiction
- Jersey
- Judgment Date
- 05 July 2016
- Procedural Posture
- Civil / Judgment
- Outcome
- application dismissed
- Legal Topics
- Mortgage Renewal, Ombudsman Awards, Arrears, Security for Loan
Case Brief
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Parties
Tygres Invs. Ltd.
Applicant
Jersey Home Loans Ltd.
Respondent
Procedural Posture
Civil / Judgment
Legal Issues
- 1 Whether it is fair and reasonable to require a mortgage company to renew or extend a mortgage when the borrower is in arrears and cannot offer a first hypothec
Ratio Decidendi
A mortgage company cannot be compelled to renew or extend a mortgage where the borrower is in arrears and cannot provide a first hypothec as security.
Court Disposition
application dismissed
Full Case Text
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