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Silven Properties Ltd v Royal Bank of Scotland plc
''Silven Properties Ltd v Royal Bank of Scotland'' () (EWCA Civ 1409 ) is an English land law case, concerning the behaviour of receivers appointed under mortgages.
==Facts==
In 1996, RBS appointed receivers over 33 properties mortgaged by Silven Properties to it, and proceeded to sell them off. The receivers explored planning and letting out the properties, but decided to sell them straight away. Silven alleged that RBS’s receivers were under a duty to maximise the value by getting planning permission for development and letting out of vacant properties.
In the Chancery Division, Patten J held that neither the mortgagee nor receiver were required to incur expenses that would likely delay a sale beyond the normal period of marketing. This was supported by the cases of ''Cuckmere Brick Co v Mutual Finance'', ''Downsview Nominees Ltd v First City Corporation Ltd'', and ''Medforth v Blake''.
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