Hearings
England & Wales
15 Oct 2001 [2001] EWCA Civ 1466; [2002] 1 WLR 685; [2001] 2 All ER (Comm) 1025; [2002] 2 All ER 248, CA
17 Jul 2002 (pet dis) [2002] 1 WLR 2263, HL(E)
Paragon Finance plc v Nash
Additional names
Paragon Finance plc v Staunton
Subject Matter
MORTGAGE — Agreement — Interest rate — Mortgage containing variable interest clause — Mortgagee increasing interest rates during mortgage term — Increases exceeding increases in market rates — Whether implied term requiring mortgagee to vary interest rates fairly, honestly, reasonably and in good faith — Whether mortgagee in breach of implied term — Whether mortgage agreement extortionate credit bargain — Consumer Credit Act 1974, ss 137(2)(b), 138 — Unfair Contract Terms Act 1977, s 3(2)(b)(i)
Commentary
Blackstones Civil Practice 2023
Contract Cases - Interest pursuant to contract
64.14