The Law Reports (Chancery Division)
[1994] Ch 49
[COURT OF APPEAL]
MORTGAGE CORPORATION LTD.
v.
NATIONWIDE CREDIT CORPORATION LTD.
1993 May 7;
14
Dillon, Kennedy L.JJ. and Sir Roger Parker
Land Registration
— Charges register
— Priority of entries
— Legal charge executed by registered proprietors in favour of plaintiffs
— Plaintiffs failing to register notice of charge
— Proprietors executing further legal charge in favour of defendants
— Defendants entering notice in charges register
— Sale of property by plaintiffs following default by proprietors
— Proceeds of sale insufficient to repay both charges
— Whether plaintiffs' charge having priority
—
Land Registration Act 1925 (15 Geo. 5, c. 21), s. 52(1)
[1]