Mortgage arrears handling
The Financial Services Authority has published proposals to strengthen existing rules on arrears handling.
The key arrears proposals:
Make plain that firms must not add early repayment charges...
Associate
Karen Jacobs
01923 206620
karen.jacobs@mablaw.com
Karen joined Matthew Arnold & Baldwin LLP in June 2009. She is an expert on the Civil Procedure Rules (“CPR”). Karen delivers extensive training sessions on the CPR and banking related matters. She edits the firm’s Banking and Finance Bulletin and is responsible for creating and developing the banking litigation precedents.
She has handled numerous banking related litigation in the High Court and County Court on wide range of issues including professional negligence.
Prior to joining the firm, she was a senior professional support lawyer at DLA Piper for 12 years. She also was an associate solicitor in DLA Piper’s finance litigation department and an assistant solicitor at Denton Wilde Sapte.
Latest news and views from Karen Jacobs
RSSLord Justice Jackson’s report on costs in civil litigation
Lord Justice Jackson’s report on costs in civil litigation has been published today. His proposals make dramatic reading.
The headline proposals are as follows:
Conditional fees. These are...
What is the impact if a signature on a guarantee has not been authorised?
If the signature is not authorised then the guarantee is not effective. Section 4 of the Statute of Frauds Act 1677 provides that a guarantee must be in writing and signed by the guarantor or a person...
When is a loan agreement unfair?
The claimant had lent the defendant sums totalling £56,450 between 1979 and 1983. Between 1982 and 2001, the defendant made payments totalling £72,336, but according to the claimant, interest had continued...
Summary judgment
This was an application for summary judgment in relation to the recovery of loans and the payment of promissory notes. The loans exceeded US$25 million.
The loans were provided to enable the first...
Bank’s duty of care
This case considered complaints that the bank had failed to act in accordance with normal banking practice and that it had not complied with advertisements which stated that there were locally based agricultural...
Bank takes subject to beneficial interest
The court found that the bank took subject to the occupier's beneficial interest in the property as they failed to make inquiry of him. Paragraph 2 of schedule 3 to the Land Registration Act 2002 provides...
