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Husband forged disabled wife’s signature to fraudulently remortgage home

  • 08/05/2017
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Husband forged disabled wife’s signature to fraudulently remortgage home
A judge branded a husband “selfish, mean and dishonest” after he admitted forging his disabled wife’s signature to commit £25,000 worth of mortgage fraud.

The two offences were committed by Craig Studholme of Wigton in Cumbria in 2006 and 2008 for £22,000 and £3,000 respectively.

According to the News and Star, Studholme was given a two-year jail term suspended for two years along with a six-month 10pm to 8am curfew and 250 hours of unpaid work.

A third mortgage fraud allegation was also allowed to lie on file.


Cancer surgery

Studholme’s wife Alison was diagnosed with an aggressive breast cancer shortly after the couple married and moved into the property in 1999.

Medical complications following severe surgery left Mrs Studholme disabled and wheelchair-bound.

After this, Studholme was left in charge of the family finances, which he mismanaged and eventually ran up significant debt.

The fraud was discovered after the couple separated in 2015 when a box of mortgage correspondence and unpaid bills was found.

Judge Peter Davies at Carlisle Crown Court told Studholme he must also pay his victim £3,000 compensation while a Proceeds of Crime hearing will attempt to claw back the rest of the fraudulently obtained money.


Financial mis-management

The News and Star reported Judge Davies criticising Studholme’s management of the finances and children.

“It’s not a good enough excuse – and certainly not a good enough excuse for forging a signature to get a mortgage loan to benefit you to the tune of £25,000. You used the loans for a patio and a car, without her knowledge,” he said.

“This extinguished all her financial interest in the matrimonial home.

“Selfish, mean, dishonest: those three words describe accurately what you have done. Her life has changed. Now she is dependent on the state… Shame on you, Mr Studholme,” he added.

Last month Mortgage Solutions reported an ex-mortgage broker admitted forging his mother’s signature to obtain a mortgage for a flat to impress his girlfriend.

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