header-logo header-logo

Home Login E-newsletter About us

NLJ this week: The rise of sham authorisation & illegal moneylenders

© Copyright LexisNexis 2025. All Rights Reserved.
11 October 2024
Issue: 8089 / Categories: Legal News , Procedure & practice , Financial services litigation , Property
printer mail-detail
192559

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 / Categories: Legal News , Procedure & practice , Financial services litigation , Property
printer mail-details
RELATED ARTICLES
 

MOVERS & SHAKERS

Read All
Sponsored by
Charles Russell Speechlys—Matthew Griffin

Charles Russell Speechlys—Matthew Griffin

Firm strengthens international funds capability with senior hire

Gilson Gray—Jeremy Davy

Gilson Gray—Jeremy Davy

Partner appointed as head of residential conveyancing for England

DR Solicitors—Paul Edels

DR Solicitors—Paul Edels

Specialist firm enhances corporate healthcare practice with partner appointment

NEWS
Read All
NLJ this week: Motor finance faces £11bn reckoning
The proposed £11bn redress scheme following the Supreme Court’s motor finance rulings is analysed in this week’s NLJ by Fred Philpott of Gough Square Chambers
NLJ this week: Gold on Awaab’s Law & digital divorce
In this week's issue, Stephen Gold, NLJ columnist and former district judge, surveys another eclectic fortnight in procedure. With humour and humanity, he reminds readers that beneath the procedural dust, the law still changes lives
NLJ this week: AI in the dock—courts need literacy, not fear
Generative AI isn’t the villain of the courtroom—it’s the misunderstanding of it that’s dangerous, argues Dr Alan Ma of Birmingham City University and the Birmingham Law Society in this week's NLJ
NLJ this week: Landlords lose their upward climb
James Naylor of Naylor Solicitors dissects the government’s plan to outlaw upward-only rent review (UORR) clauses in new commercial leases under Schedule 31 of the English Devolution and Community Empowerment Bill, in this week's NLJ. The reform, he explains, marks a seismic shift in landlord-tenant power dynamics: rents will no longer rise inexorably, and tenants gain statutory caps and procedural rights
NLJ this week: Privy Council undresses the ‘shareholder rule’
Writing in NLJ this week, James Harrison and Jenna Coad of Penningtons Manches Cooper chart the Privy Council’s demolition of the long-standing ‘shareholder rule’ in Jardine Strategic v Oasis Investments
Copyright © 2025 LexisNexis
back-to-top-scroll