When Risk Becomes Discrimination in Property Law
Legitimate clients are being refused by lenders and solicitors due to their family names.
By Tatiana Sharposhnikova. Our privacy policy has changed, read more.
When I first moved to the UK almost 35 years ago, the market felt open for business. London was at the centre of a global sector that was connected, regulated, and accessible to clients worldwide.
Now, with decades of experience in property purchasing, I am no longer certain this balance exists. My conveyancing firm, RSL LAW, has seen a stark increase in clients frozen out of the market due to vague notions of 'risk' tied to their nationality or source of funds.
Looking at the industry now, I am no longer certain such a balance exists.
Author's summary: Risk becomes discrimination in property law.