Commercial update: Paying off another’s secured loan - equities of exoneration
20th April 2017
Where property is jointly owned, and one of the owners pays off a secured loan taken out for the sole benefit of the other, an 'equity of exoneration' may arise. Olivia Ford analyses the recent Court of Appeal decision in Armstrong v Onyearu  EWCA Civ 268, which considers whether the receipt of indirect benefit stops a co-owner seeking relief.
Olivia is a Commercial and Property Law barrister, and an accredited mediator. Please click here to view her profile.