Devon Nominees Ltd v Hampstead Holdings Ltd - [1981] 1 NZLR 477

Property law — Mortgage — Redemption — Mortgage provided for interest at 19% reducible to 12 1/2% for prompt payment — Dispute over repayment of mortgage — Mortgagor wishing to repay mortgage but disagreeing over amount due and failing to make a tender of amount owing — Whether mortgagee entitled to interest at 19% until mortgage repaid — Property Law Act 1952, s 81.