£4 million fine for ‘serious and intentional’ misuse of client funds
The owner and manager of former London-based law firm Kingly Solicitors has been fined over £4 million for ‘serious’ and ‘intentional’ misconduct in the largest penalty the Solicitors Regulation Authority (SRA) has ever issued. Nurul Miah, who is not a solicitor, was ordered to pay a financial penalty of £3,984,440, costs of £41,670 and banned […]
More to later life lending than equity release say LiveMore
A mortgage lender for people 50 to 90 plus is calling for greater clarity and meaning on what ‘later life lending’ really means as it raises concerns it has become a synonym for equity release when there are other options available to older borrowers. Leon Diamond, LiveMore founder and CEO said the term ‘later life […]
Why do people contest wills?
The growing importance of inherited wealth is helping to fuel an increasing number of inheritance disputes: every year, around 10,000 individuals in the UK seek to contest Wills. Most, of course, never progress beyond the initial stages. But, according to the most recent data published by the Ministry of Justice, 122 contested probate claims were […]