Locked-In Mortgages – a Further Report; Non-Refundable Deposits – a Further Comment #56
By Gerry NeelyB.A. LL.B. The battle to force a mortgagee to accept prepayment of a locked-in, high-interest rate mortgage which had been renewed after the initial term of five years had expired, continues on several fronts within the legal system. Column #47 referred to the case of Kaltenbach v. The Royal Trust Company, which left The …