By Lucia Osborne-Crowley (Oct 18, 2021, 4:08 p.m. BST) – The head of a real estate company facing a £ 7million ($ 9.6million) lawsuit from a former crowdfunder for unpaid loans has argued that he should not crowdfund the overdue amounts on loans and sued the company for allegedly misrepresenting its services.
Anthony Canning told the High Court in a defense filed Wednesday that he was not required to pay peer-to-peer mortgage lender Lendy Ltd. the unpaid amounts of two loans of £ 1.3million and £ 5million because the crowdfunder was not a party to the loan agreement.
Canning told the court that the nature of the peer-to-peer lending – which operates on the basis of …
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