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The scenario of Evans v Cherrytree Finance Ltd [2008] concerned unfair agreement terms in relation to a mortgage agreement. The defendant company in this situation ran a small business which involved lending revenue to non-status, substantial danger borrowers on business premises.
The claimant and his spouse owned a home. The residence was used for their antiques company in which they were partners. In 1993, aspect of the residence was converted into residential accommodation. From that position on the claimant and his relatives lived in the residential piece of the house ("the Residential Accommodation").
The Residential Accommodation and the enterprise premises had separate addresses. However, in 1999, the claimant's wife initiated divorce proceedings and the partnership was dissolved. In the course of the course of the divorce, the claimant's spouse secured an buy for the residence to be marketed.
Understandably, the claimant was anxious to stop the sale. The claimant was granted four weeks in purchase to raise £150,000, which would facilitate the transfer of his wife's curiosity in the home to the claimant.
Conveyancing lawyer , Conveyancing , Conveyancing
Posted by jonasweiss36
at 11:58 PM EDT
