The appellants appealed a summary judgment granting the respondent mortgagee payment under a charge and possession of the charged property.
The appellants argued that being late with payments constituted 'arrears' rather than 'default', and that the mortgagee made unauthorized changes to the charge.
The Court of Appeal dismissed the appeal, finding no distinction between late payments and default in the mortgage terms, and confirming that a single event of default was sufficient to accelerate the mortgage debt.