Lenders will sue brokers claims Mortgage Business Expo
Brokers were warned yesterday at the Manchester Mortgage Business Expo that there is a risk that lenders will sue for losses caused by fraud, reports Mortgage Introducer. John Malone, executive chairman of PMS said: “They’re suing solicitors and surveyors already for mortgage fraud so I don’t see why they [lenders] wouldn’t sue the broker […]
Bridging Loans are a fraud hotspot claim brokers
Brokers were warned at the Mortgage Business Expo at Manchester of bridging loan fraud, which was described as a fraud hotpsot by John Malone, executive chairman of PMS. Mortgage Introducer reports that brokers are accused of pushing surveyors to overvalue properties to get a bigger bridging loan. John Malone comments: “More potentially fraudulent activity […]
Solicitor struck off for referring clients to a tied adviser
A solicitor has been struck off for failing to refer clients to an independent financial advisor, reports Money Marketing. The case against Andrew Field was brought by the SRA to the Solicitors Disciplinary Tribunal. The case had three alleged breaches of the Solicitors Code of Conduct 2007. Andrew Field worked at Field & Co, based […]
Trade Body launches new group to tackle Knotweed problem
UK trade body the Property Care Association (PCA) has launched a new group dedicated to the removal and control of Japanese Knotweed. The PCA has been working with RICS, the CML and the Building Societies Association, together with Japanese Knotweed control companies that currently operate in the UK to develop the Invasive Weed Control Group. […]
HS2 – New voluntary purchase scheme may evolve to help property owners
A new Voluntary Purchase Scheme is being proposed for properties will on the route of the high speed rail line between Birmingham and London. If the scheme is adopted it will mean that properties can be sold directly to HS2 Ltd. Knight Frank has suggested that the proposal is one of the reasons why there […]
Estate Agents flock to vote for the favourite Conveyancing Firm
Voting remains open for this award until the end of June so there is plenty of time left. Smaller law firms that offer a high level of service have as much chance as some of the larger conveyancing outfits with a weighting being applied to level the playing field. The early front runners include (in […]
Estate Agents flock to vote for the favourite Conveyancing Firm
Voting remains open for this award until the end of June so there is plenty of time left. Smaller law firms that offer a high level of service have as much chance as some of the larger conveyancing outfits with a weighting being applied to level the playing field. The early front runners include (in […]