Liability of borrower: lender’s funds | Practical Law
The Court of Appeal has held that a borrower, whose solicitors had misappropriated a mortgage advance on the remortgage of properties, was not liable to repay the advance to the lender.
The Court of Appeal has held that a borrower, whose solicitors had misappropriated a mortgage advance on the remortgage of properties, was not liable to repay the advance to the lender.