Mortgage Corpn Ltd v Nationwide Credit Corpn Ltd

Subject Matter

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, s 52(1)

[1994] Ch 49; [1993] 3 WLR 769