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.
Our Perfect Title policy protects lenders at times like this
Posted by: Titlesolv
We have been asked a numerous times this week whether the lender or the solicitors (on either side of the transaction) must to see their clients face to face. If you are a lender or solicitor acting in a transaction and taking advantage of our Perfect Title policy there is no requirement for face to face meetings in this time of recommended isolation.
International Women's Day: Titlesolv (Shobana Bala)
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.
International Women's Day: Titlesolv (Laura Thomas)
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.
What are the hidden risks for lenders post purchase?
Posted by: Titlesolv
Whilst all land in England and Wales is required to be registered at HMLR, following any significant change in title, only around 85% of all land in England and Wales actually is.
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