Ne’er a borrower nor a lender be, as the old saying goes. In this week’s NLJ, Fred Philpott, Gough Square Chambers, explores the world of illegal lending, which ruthlessly preys on the desperate & vulnerable
Philpott writes about the recent flourishing of ‘a financial industry whereby some businesses lend money secured on people’s homes without authorisation’. He analyses a Court of Appeal case that illustrates ‘some of the subterfuges that can be used’.
He writes: ‘A recurring theme in these (often tragic) cases is that desperate people will sign anything, no matter how unfair. Thus, misfortune in many cases results in the misery of repossession.’
Issue:
8089
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Categories:
Legal News
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Procedure & practice
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Financial services litigation
,
Property
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