Recent content by cul8rm8e

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    suing loan company after they breached their own contract

    Not if there never was any intention to be trading long enough and or didnt expect things to backfire.
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    suing a loan company unsure of assets.

    It may be something to do with the fact they require all original documents which are with Solicitor/Advocate and would hold up this case which has been going for some time already. In any case this is an extremely unusual case as to the multiple issues being dealt with, but, also pretty simple...
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    suing a loan company unsure of assets.

    Most def will ask the question of the Advocate the next time a meeting is arranged at an expensive cost should it be before the court case which is pretty near but in the mean time ....
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    suing loan company after they breached their own contract

    Comments please
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    suing a loan company unsure of assets.

    Ethical PR I agree with that most def, but as mentioned thats in order. Thanks PS I have always stated that this whole fiasco will be made available for all to read and will show details of every single individual and organisation involved. Even until recently i had the FCA contact them to...
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    suing a loan company unsure of assets.

    Feldon i really dont want to go into that side of things on this thread, everything that side is in order and the lender is at the mercy of a very very experienced advocate of 40 years. To be honest most ppl feel and comment, clearly with no intention to offend that it must be the borrower who...
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    suing a loan company unsure of assets.

    In a nutshell the lender was contracted to provide funds in a number of stages. The lender provided the first stage funds then pulled the plug leading to substantial loss of profit to the borrower. The whole issue of the breach is clear and is not in question. The real issue here is their assets...
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    suing loan company after they breached their own contract

    Just wondering if a lender of money for property development purposes must hold liability insurance to cover contract breaches by themselves. Thanks
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    suing a loan company unsure of assets.

    I was wondering if all lenders who loan money for property development purposes must hold insurance policy to cover their liabilities, for example breach of contract by them. The breach took place early 2013. Thanks
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    Is it legal for a solicitor to conduct themselves in this manner

    Well..... it looks like from what i gather. Its not that the lender sold on the security but more to do with the amount it was sold on for as only a part of the agreed loan was provided. As for the lenders solicitor, it looks like the fact that they were acting on behalf of the lender and...
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    Is it legal for a solicitor to conduct themselves in this manner

    He has been sacked, after receiving proper legal advice on what he allowed the borrower sign and said everything was fine, a run over the contract in under one minute. All in favour of the lender! PS When the **** hit the fan, the solicitors reaction after being easily manipulated by the...
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    Is it legal for a solicitor to conduct themselves in this manner

    Yes the borrower did use a solicitor to deal with the contract. Not the case, it was clear within the facility letter that should this happen the borrower would be notified. The lenders solicitor never told the borrower and trust me, the solicitor had multiple opportunities including a meeting...
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    Is it legal for a solicitor to conduct themselves in this manner

    A bit long winded but i do get to the point. Solicitor acts for a Lender to provide a secured unregulated short term property development loan to individual (not business) Lender provides first stage of funds approx 1/3 to the borrower to get started, no issues. Lender decides to withhold...
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    Breach of loan Agreement.

    things are moving on now albeit with more twists. i have now found that only a few weeks after the lender released the first stage funds he SOLD the standard security he held not for the amount he released but for theFULL amount which would have been payable to him under the Contract...
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    TFC Homeloans

    PM me I may have some info for you
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