CPI Update 130 - January 2015

CPI Update 129 - December 2014

CPI Update 128 - November 2014

A contracting purchaser has no capacity to create a proprietary right.

The Supreme Court judgment in Scott v Southern Pacific Mortgages Ltd & Ors [2014] UKSC 52 relates to a residential property sale and lease back (equity release) scheme that went badly wrong for the owners of various properties in the North East. The finding of the Supreme Court confirms how badly wrong the scheme went. However, the reasoning given by the Court raises issues for transactions beyond those in this case.