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Broker

Family sues broker

3 minute read
The Adviser

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.

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.

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