SSDT: solicitor guilty of professional misconduct in 14 transactions

The SSDT found Sheena Jane Savage guilty of professional misconduct as regards, inter alia, her failure to inform the lenders in respect of 14 transactions of a number of material facts relating to the price stated in the missives and disposition substantially exceeding the price paid, this being described as a deposit or discount which was deducted by the seller; the fact that the price disclosed to the lender client was the disposition price not the actual price or the price paid at settlement; that part of the purchase price was not being paid through the firm nor that the purchaser was paying no part of the purchase price; that the loan advanced by the lender significantly exceeded the actual price paid to the seller and that the unused part of the loan funds and the price paid at settlement, after deduction of fees and outlays, was paid either to the purchaser or to some person other than the seller.

She was fined £2,500 and was found liable for expenses.