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
Myers & Co—Jen Goodwin

Myers & Co—Jen Goodwin

Head of corporate promoted to director

Boies Schiller Flexner—Lindsay Reimschussel

Boies Schiller Flexner—Lindsay Reimschussel

Firm strengthens international arbitration team with key London hire

Corker Binning—Priya Dave

Corker Binning—Priya Dave

FCA contentious financial regulation lawyer joins the team as of counsel

NEWS
Read All
NLJ this week: Making Big Tech pay for digital addiction
Social media giants should face tortious liability for the psychological harms their platforms inflict, argues Harry Lambert of Outer Temple Chambers in this week’s NLJ
NLJ this week: Leaseholders stuck in limbo
The Leasehold and Freehold Reform Act 2024—once heralded as a breakthrough—has instead plunged leaseholders into confusion, warns Shabnam Ali-Khan of Russell-Cooke in this week’s NLJ
NLJ this week: When a trial period becomes a ‘reasonable adjustment’
The Employment Appeal Tribunal has now confirmed that offering a disabled employee a trial period in an alternative role can itself be a 'reasonable adjustment' under the Equality Act 2010: in this week's NLJ, Charles Pigott of Mills & Reeve analyses the evolving case law
NLJ this week: Ignore covenants at your peril
Caroline Shea KC and Richard Miller of Falcon Chambers examine the growing judicial focus on 'cynical breach' in restrictive covenant cases, in this week's issue of NLJ
NLJ this week: Courts caught in a ‘hierarchy of privacy’
Ian Gascoigne of LexisNexis dissects the uneasy balance between open justice and confidentiality in England’s civil courts, in this week's NLJ. From public hearings to super-injunctions, he identifies five tiers of privacy—from fully open proceedings to entirely secret ones—showing how a patchwork of exceptions has evolved without clear design
Copyright © 2025 LexisNexis
back-to-top-scroll