View more on these topics

Property law firm no longer accepts adviser witness signatures

A property law firm is no longer accepting adviser witness signatures on title transfer forms.

Gordons Property Lawyers says only solicitors can now act as witnesses on title transfer forms after instances where co-owners have later claimed to have never signed anything.

Gordons operating officer Paul Norris says: “We do thousands of remortgages a month and part of the process is transferring property from two names to one name. We have had two instances of fraud in the past two years where parties have left the property and come back some time later claiming they never signed the form.

“A consequence of that, and on the advice of our insurers, means we require the outgoing party to have a signature witnessed by a solicitor on that type of document. It is nothing to do with not trusting brokers as we work with hundreds everyday.”

Liberty Mortgages Partner Ernie Jamieson says: “I take huge exception to being told that I cannot witness someone’s signature which we do for every other package. My client had to take time off work and pay extra fees in order to get his form signed.”

BDO National head of fraud and financial crime Simon Bevan says: “I agree it is better to have somebody independent but, historically, solicitors commit more fraud than any other occupation group.”


Scottish Widows sets out RDR strategy

Scottish Widows has set out its RDR charging strategy and plans to launch an RDR-compliant version of its onshore investment bond. The provider will make a new version of its Retirement Account available from November. In addition to the existing initial, fund-based and adhoc advice charge, Widows plans to introduce a new fixed ongoing monetary […]


FSA proposes radical changes to client money regime

The FSA is proposing a number of changes to the client assets regime for investment firms. The regulator is to consult on changes required by the European Market Infrastructure Regulation regulator, that would require central counterparties in the event of a default by a clearing member. The establishment of a central counterparty would try to […]

Mortgage analysis: Will we see a big remortgage bounce?

A rise in remortgage lending and an optimistic forecast for the rest of the year offered a rare piece of good news last week but experts are still cautious about future growth. The LMS Remortgage Report estimates remortgage lending for July rose 13 per cent compared with June, from £3.1bn to £3.5bn. Signs of market […]

Brian Tora: Looking for patterns in a quiet market

To say markets have been a little quiet is a clear understatement. Looking at a piece of technical analysis last week (I do believe in keeping my options open when it comes to how best to make decisions), I was warned by the chartist concerned not to read too much into the indications apparent from […]

Childcare - thumbnail

Three questions for employers…

The Family and Childcare Trust’s annual survey has been widely reported in the media and the two headline figures were these: the average cost of a nursery place for a child under two has risen by 33 per cent since 2010; and the costs have risen by five per cent in a single year.


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. I don’t believe what I am reading. Gordon’s admit that there were ONLY two cases of fraud in the last two years despite them doing “thousands of remortgages a month..”
    How do they justify disenfranching their customers and forcing them to incur additional expense by using solicitors who, according to Simon Bevan, “.. commit more fraud than any other occupation group.”?
    Is this crazy or is it possible that by enforcing the use of solicitors, these professionals will thereby increase their revenue? Am I just being paranoid?

Leave a comment


Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm