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Hiya Sun My limited info suggests they were working on a delegated authoriy provided "the lender". That being the case, if the only requirement is that we meet an LVR target........the individuals are just puppets. ta rolf

Hiya Yo there is more here than is being let out of the bag so to speak :) The only reason many lost more than they ever put in is due to gearing they should NEVER EVER have had approved..............I wont go further than that. While I agree that there is more than area of responseability...

I think thats legally correct. Im not a financial adviser either...............but if a client comes to me like one last week with a hair brain scenario of using his pensioner mothers house as crossed security for a comm property purchase, with no personal hurt money in the...

Its not so much that the figures were to good to be true, my understanding is that at no point was risk of any sort much of a consideration.............hence the big spill that came as a major surprise to both Storm and the clients. The various lenders in that pie learnt something that...