Submitted on Monday 27th February 2012
Published on Friday 23rd March 2012
Current status: Closed
Closed: Saturday 23rd March 2013
Signatures: 2
Tagged with
Ban a lender from requiring any customer to pay the lender's legal fees.
It is current practise for corporate lenders to pass on their legal fees and in consequence there is no effective control of them. Some key lists contain few solicitors and so there is an increasing liklihood of duplication of work and fees.
The fees would be dramatically reduced by a change. It is an extraordinary anachronism.
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