UK: LAW FIRMS BEING SUED BY BRADFORD & BINGLEY
Article Abstract:
A GB[pound] 30mn claim is being brought against a thousand law firms by the Bradford & Bingley Building Society who it accuses of being negligent in advising on mortgages for cheap housing for nurses and teachers. It applies to those cases where the teacher, nurse or other low-paid professional worker purchases a property with an " affordable " mortgage plan conferring on them joint ownership with a housing association. The building society claims that the law firms acting for both buyer and mortgage company did not gain consent from the housing association to allow it to buy back the property if the buyer could not keep up his mortgage payments.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2000
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High-flying solicitor stole from his client to go and pick flowers
Article Abstract:
Solicitor Alastair Liddle has been jailed for 12 months for embezzling 18,000 pounds sterling of a client's money. He then disappeared and created a new identity for himself.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2001
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Why green dreams needn't cost the earth
Article Abstract:
Many mortgage lenders in the UK are unwilling to lend money for the purchase or refurbishment of unusual properties. However, the Ecology Building Society is willing to advance up to 2.5 times an applicant's gross basic income to buy a house that will produce ecological benefits. This society will advance a maximum on residential properties of 80% of valuation at a base rate of 7.75%. Norwich and Peterborough Building Society has a special 'green' mortgage for properties with a high energy-efficiency rating, and will also lend up to 80% of the cost of land to self-builders.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
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