What is the ratio in City of London BS v Flegg?

Where at least two trustees mortgage trust property, beneficial interests are overreached even if beneficiaries are in actual occupation and would otherwise have overriding interests.

What did the court decide in City of London BS v Flegg?

The building society took free of the Fleggs' beneficial interests because they were overreached by the mortgage granted by two trustees.

Why is City of London BS v Flegg important for land law?

It establishes that overreaching takes precedence over overriding interests, providing crucial clarity on the relationship between these two concepts.

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