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Mr Rosset had secured a loan against the property from the complainant’s, Lloyds Bank. The defendant had helped in the building work and decorating of the property. However, Mr Rosset defaulted on his payments and the complainants sought repossession of the property.
Lloyds Bank plc v Rosset [1990] UKHL 14 is an English land law, trusts law and matrimonial law case. It specifically deals with the translation into money of physical contributions from a cohabitee or spouse (as regards each other), under which its principles have been largely superseded.
Lloyds Bank v Rosset [1989] Ch 350 House of Lords Mr Rosset became entitled to a substantial sum of money under a Swiss Trust fund. He wished to use the money to purchase a family home.
Current case. The wife’s activities in relation to the refurbishment of the house was insufficient to justify the inference of common intention that wife was to have a share of beneficial interest. The monetary value of her work expressed as a contribution to a property worth £70,000 was trifling.
Jan 4, 2024 · Unbeknown to Defendant, his wife, X took out a mortgage on the house and when he defaulted the bank, Plaintiff, claimed for repossession. Defendant resisted on the basis that she had an overriding beneficial interest.
A case involving a property dispute between a bank and a married couple. The House of Lords ruled that the wife did not have an overriding interest in the property and set aside the Court of Appeal's order.
May 8, 1990 · A UK House of Lords judgment on the issue of whether a spouse has a beneficial interest in a property purchased with the other spouse's inheritance. The court considered the relevant date of actual occupation, the construction of the Land Registration Act and the equitable doctrine of resulting trust.
