The Financial Ombudsman has ordered the peer-to-peer lending company Assetz to refund fees to a customer after finding there should have been “consideration for [the customers] request to exit the contract without accepting the fee”.
Tag Archives: Assetz
P2P Lender Assetz was ‘innocent victim’ to Fraud as borrowers declared bankrupt
Deputy ICC Judge Paul Greenwood granted a bankruptcy petition against two borrowers who obtained a £1.89m crowd-funded loan from P2P firm Assetz Capital. The borrowers were said to have been “knowing parties to a mortgage fraud exercised on the Assetz companies, which were innocent victims of that wrong“. An application for disclosure of the lendersContinue reading “P2P Lender Assetz was ‘innocent victim’ to Fraud as borrowers declared bankrupt”
Assetz lenders face joinder to borrowers claim
This hearing concerned an application, made by the peer-to-peer lender Assetz SME Capital Limited, to bankrupt two debtors. The court was told Mr Steven James Budd and Ms Jean Shrimpton had debt outstanding from a mortgage secured against a residential property. ICC Judge Barber explained that at a non-attended pre-trial review in April 2020 ICCContinue reading “Assetz lenders face joinder to borrowers claim”
Mouse in the Court 