September 16, 2025
Beesley v New Century Group Ltd [2008] EWHC 3033 (QB) (16 December 2008)
Homeowners in financial difficulty entered a 'sale and rent back' scheme, selling their property at a significant undervalue. They sued the lenders, alleging they had constructive notice of undue influence. The court held one lender was put on inquiry, but another was not. Facts The claimants, Mr and Mrs Beesley, were homeowners in financial difficulty facing repossession. They entered into a ‘sale and rent back’ scheme promoted by New Century Group Limited (‘NCG’). In December 2005, they sold their property, valued at £325,000, for a stated price of £180,000 to Ms Wilkinson, a nominee for NCG. The Beesleys only received
