Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Family sues broker

Staff Reporter 3 minute read

By: Staff Reporter

The family of Alzheimer sufferer, Edward Dunlop, have attempted to sue a mortgage broker for tricking Mr Dunlop into signing loan applications totaling $826,000.

The Dunlop family argued that mortgage broker Nathan Alan Paul Stewart from NAP Finance, preyed on an older gentleman who lives off a pension of about $300 a fortnight.

According to The Age, the Dunlops, who lost the long running legal battle to save their farm, were seeking to recoup some of the value of their lost assets and more than $100,000 in legal costs from the broker.

Advertisement
Advertisement

The Supreme Court of Victoria has since dismissed the claims against Mr Stewart and NAP Group.

However, Justice Lansdowne has given Mr Dunlop a right to re-plead the case if certain conditions are met.

Family sues broker
default
TheAdviser logo

The not-to-be-missed Accountants Daily Strategy Day will travel through Melbourne and Sydney in August to equip accounting professionals with the latest industry updates and tips for modern practice management as well as the latest cutting-edge technology, processes, strategies and trends shaping the future of accounting. Visit the website for more information: www.accountantsdaily.com.au/strategy-day

PROMOTED CONTENT


default

 

more from the adviser
damian zaleski RYyr k3Ysqg unsplash

Breaking News

GetCapital launches broker platform

The business lender has rolled out a new broker platform, as it h...

fixed rate

Breaking News

Loyalty tax issue flagged to MPs

Brokers are key to holding lenders to account to ensure borrowers...

trade deal contract

Breaking News

Connective launches trail book marketplace

The aggregation group has announced a new arrangement with a spec...