CIBC Mortgages v Pitt [1994]

House remortgaged enable investment in stock market.
Wife did not read document, nor was she aware of
purpose of loan.
Plaintiff brought repossession proceedings.
Wife raised defences of misrepresentation and undue
House of Lords dismissed wife’s appeal.
Bank was not put on inquiry – nothing to indicate to
bank that transaction was anything other than normal advance of funds to husband
and wife for their joint benefit.