The first legal mortgagor: a consumer without adequate protection?

This article contends that the UK government’s attempt to create a well-functioning consumer credit market will be undermined if it fails to reform the private law framework relating to the first legal mortgage. Such agreements are governed by two distinct regulatory regimes that are founded upon very different conceptions of the mortgagor. The first, the regulation of financial services overseen by the Financial Conduct Authority, derives from public law and is founded upon a conception of the mortgagor as “consumer”. The other is land law, private law regulation implemented by the judiciary and underpinned by a conception of the mortgagor as “landowner”. Evidence suggests that the operation of these two regimes prevents mortgagors from receiving fair and consistent treatment. The current reform of financial services regulation therefore will change only one part of this governance regime and will leave mortgagors heavily reliant upon a regulator that still has to prove itself. What this article argues is that reform of the rules of private law must also be undertaken with the aim of initiating a paradigm shift in the conception of the mortgagor from “landowner” to “consumer”. Cultural shifts of this kind take time but the hope is that this conceptual transformation will occur in time to deter the predicted rise in mortgage possessions

Experimental and theoretical studies of nanofluid thermal conductivity enhancement: a review

Nanofluids, i.e., well-dispersed (metallic) nanoparticles at low- volume fractions in liquids, may enhance the mixture's thermal conductivity, knf, over the base-fluid values. Thus, they are potentially useful for advanced cooling of micro-systems. Focusing mainly on dilute suspensions of well-dispersed spherical nanoparticles in water or ethylene glycol, recent experimental observations, associated measurement techniques, and new theories as well as useful correlations have been reviewed

Perturbation and numerical study of double-diffusive dissipative reactive convective flow in an open vertical duct containing a non-darcy porous medium with robin boundary conditions

A mathematical model for thermosolutal convection flow in an open two-dimensional vertical channel containing a porous medium saturated with reactive Newtonian fluid is developed and studied. Robin boundary conditions are prescribed, and a first-order homogenous chemical reaction is considered. The Darcy–Forchheimer model is used to simulate both the first- and second-order porous mediums’ drag effects. For the general non-Darcy-case, a numerical solution is presented using the Runge–Kutta quadrature and a shooting method. The influences of thermal (0≤λ1≤15) and solute Grashof numbers (0≤λ2≤20) , Biot numbers (1≤Bi1≤10,Bi2=10) , Brinkman number (0≤Br≤0.5) , first-order chemical reaction parameter (2≤α≤8) , porous medium parameter (2≤σ≤8) and Forchheimer (inertial drag) parameter (0≤I≤12) on the evolutions of velocity, temperature and concentration (species) distributions are visualized graphically. Nusselt number and skin friction at the walls are also computed for specific values of selected parameters. The study is relevant to the analysis of geothermal energy systems with chemical reaction