Ikbal v Sterling Law is yet another case concerning a phenomenon which is becoming increasingly and depressingly familiar to both lenders and the courts: that of a vendor, or vendor’s solicitor, who proves to be not what he seemed. Whilst the claim here was brought by a cash purchaser rather than a lender, the relevant legal principles are essentially identical. Permission to appeal having been granted, Ikbal is set to become the latest in a fast growing line of authorities in this area.
Mortgage or conveyancing fraud and section 61 of the Trustee Act (again…), Lexology, 26 November 2013. Click here to read the Lexology article.