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Erschienen in:
Introduction: Mortgages and Annuities in Historical Perspective Kapitel lesen Erstes Kapitel lesen

2018 | OriginalPaper | Buchkapitel

5. Why the Equity of Redemption?

verfasst von : D. P. Waddilove

Erschienen in: Land and Credit

Verlag: Springer International Publishing

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Abstract

This chapter explores why the equity of redemption—the doctrine that a mortgagor remains the true owner of the mortgaged land and may redeem after the date of the mortgage contract—arose. It does so by situating the doctrine in the social context of its origin in early modern England. It shows that several traditional explanations for the equity of redemption, such as the Chancery offering programmatic support for the landed classes, are likely misunderstandings. Instead, the doctrine is best understood as judicial enforcement of social norms related to mortgage debts in preference to legal technicalities. This piece thereby shows that the equity of redemption was a product of the culture of what reasonable people of the period ought to do in difficult cases instead of relying upon their legal rights.

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Vorheriges Kapitel Mortgages and the Kentish Yeoman in the Seventeenth Century
Nächstes Kapitel Credit and Land: The Jews of Zaragoza 1383–1400
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Metadaten
Titel
Why the Equity of Redemption?
verfasst von
D. P. Waddilove
Copyright-Jahr
2018
Buch
Land and Credit

Print ISBN: 978-3-319-66208-4

Electronic ISBN: 978-3-319-66209-1

Copyright-Jahr: 2018

DOI
https://doi.org/10.1007/978-3-319-66209-1_5