Quizzes & Puzzles1 min ago
Is Fraudulent Signing As Someone Else For Loan Against A Property Illegal?
7 Answers
I bought a house with my (now ex) partner, we are both on the mortgage & both on the deeds. I had to leave him and the house due to his violence, and we have never resolved the property (him buying me out etc), a good few years later he contacted me asking me to sign a document to allow him to take a loan out against the house, I refused. I have just found out that he has since taken two loans against the property without my knowledge / consent / authorisation / signature, they were for £30,000 for 15 years & £20,000 for 8 years, which means I am liable for half of £50,000. I found out when I went into my local branch to ask for a balance which is required by my solicitor as I am now trying to get the property sold through the courts. I have asked them to forward all the relevant documentation to me. They also confirmed that they would have needed my signature to have authorised these loans. Questions, Is this a criminal offence? Will the building society automatically prosecute him? What is the penalty? What should I do next?
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For more on marking an answer as the "Best Answer", please visit our FAQ.Yes your ex partner would have committed an offence in making a false instrument in order that it maybe accepted as genuine, thereby causing harm to others and it should be reported to the police, your building society and the lenders, the difficulty may be in proving you did not sign the loan documents, who was the witness to your signature?
These will be secured loans the £20K loan is usually regulated by the consumer credit act unless the lender is the same as that which loaned the money for the purpose of buying the house, if your ex partner does not maintain the payments on these loans your joint property could be sold.
I suggest you do not delay but contact a solicitor as a matter of urgency.
These will be secured loans the £20K loan is usually regulated by the consumer credit act unless the lender is the same as that which loaned the money for the purpose of buying the house, if your ex partner does not maintain the payments on these loans your joint property could be sold.
I suggest you do not delay but contact a solicitor as a matter of urgency.