CASE STUDY: Protecting our lenders against fraudulent borrowers
Posted by: Westcor International
What triggered the claim? The Lender was approached by Mr M for a short term loan to be secured as a second charge against the Property he jointly owned with his mother, Mrs Y. Once the loan was complete, Mrs Y would relinquish her interest in the property and Mr M would become the sole owner. Mr M was living at the property with his wife and Mrs Y and confirmed that they would be letting the property out and produced a tenancy agreement to reflect this. 6 months later, Mr M defaulted on the loan. The lender discovered that not only was Mr M still living at the property, but Mrs Y alleged that she had no idea why the property was no longer in her name, that she didn't know the solicitors who had acted on her behalf and that she did not understand the documents Mr M had asked her to sign.
International Women's Day: Titlesolv (Jasmine Afreh)
Posted by: Westcor International
In celebration of International Women's Day (IWD) this week, we would like to share the inspirational stories of our female employees.
Hacked off
Posted by: Westcor International
The house buying process usually involves the electronic transfer of large amounts of money and, to most of us, is the biggest purchase we will ever make. It is therefore particularly concerning that conveyancing fraud has become an increasing problem in recent years.
Most Popular
Tags