Constructive Trusts - Oral Agreement
But Only One Paying Mortgage
Oates v Stimson & Anor [2006] EWCA Civ 548
CA
16 May 2006
BAILII Judgment
One owner left property in return for a promise of payment of
2,500 GBP from the other owner who stayed in the house and paid
all outgoings, including an endowment policy. House eventually
sold. Was he entitled to only 2,500 GBP or 26.18% of the net
proceeds (50,000+ GBP)? He got 2,500.00 GBP.