CASE STUDY: Protecting our lenders against fraudulent borrowers
Posted by: Titlesolv
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: Titlesolv
In celebration of International Women's Day (IWD) this week, we would like to share the inspirational stories of our female employees.
Higher rates on the horizon
Posted by: Titlesolv
In its eagerly anticipated decision on interest rates, the Bank of England's rate-setting monetary policy committee (MPC) unanimously voted to leave rates at 0.5%.
Buy-to-let considerations
Posted by: Titlesolv
In an attempt to help first time buyers and boost home ownership, numerous policy changes since 2015 have made it clear that the government is targeting the buy-to-let market and the purchase of second homes.
Bank rate rise: duck for cover?
Posted by: Titlesolv
The recent rise in the Bank of England?s base rate from 0.25% to 0.5% had been widely predicted. Some lenders had already raised their rates before the announcement, and others swiftly followed suit.
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