It is not surprising that 42% of claims against practitioners acting on behalf of mortgagors arise from the explanation of the mortgage. It is similarly not surprising that 20% of claims against practitioners acting on mortgage transactions arise from the explanation of guarantees and a further 20% from not recognising a conflict of interest (most typically when acting for mortgagor/guarantor and mortgagee).
This briefing addresses the major areas in which claims are made against practitioners in mortgage transactions. It analyses the causes of those claims and provides tips to assist practitioners to manage the risks.
This briefing is a must for any practitioner who regularly acts for either lessors or lessees in commercial leasing transactions.
This briefing also highlights recent cases, claims and notifications arising from practitioners acting in commercial leasing transactions.