Property crisis

Concerns have mounted that solicitors are using their client's accounts to fund property deals and other personal transactions, and are abusing the process of legal undertakings, which allow financial institutions to release mortgage loans on the word of a solicitor. The solicitors involved stand accused of raiding their clients' accounts and betraying the reputation of the legal profession and the trust of the general public already jaded by cynicism towards lawyers. But the solicitors are not the only guilty parties, as the banks turned a blind eye because they couldn't resist the high turnover of property and because others were doing the same.

See Property crisis my force legal overhaul and Solicitors' crash sheds harsh light on bankers.

Leave a comment:

Security Picture (click to change)
Word shown in picture:
menu close

Search Articles