A conveyancer charged with stealing £25,000 from Yorkshire Bank after failing to remortgage a client’s loan has been sentenced to 18 months’ imprisonment by Doncaster Crown Court, writes Kirstie Redford.
Steven Whiting, of Thorne, South Yorkshire, agreed to transfer a client’s mortgage from Bradford & Bingley Building Society to Yorkshire Bank.
The client was led to believe the transaction had gone through and began repaying their loan to Yorkshire Bank. But Whiting failed to close the loan with Bradford & Bingley, allegedly stealing the amount remortgaged under his client’s name from Yorkshire Bank.
Paul Stott, spokesperson from South Yorkshire Crown Prosecution Service, said: ‘The case review summary stated that as far as the complainant was aware, the transaction had been carried out to his satisfaction until he received a statement from Bradford & Bingley Building Society. This indicated his old mortgage was still in arrears. Investigations showed the accused had failed to pay Bradford & Bingley off.’
Whiting was subsequently found guilty of theft between November 1997 and November 1998 and has been charged.
Alexander Wright, spokes-person for Yorkshire Bank, said that due to Whiting’s actions, his clients were unable to move into their new home.
‘Whiting was acting on his client’s behalf, but the sale could not go ahead. His clients were unable to move into their new home and charges were subsequently brought on him,’ he said.