Dundee mortgage adviser Greig Thomson has been jailed for nine months after pleading guilty to forging his mother’s signature on a mortgage application. The potential consequences of failing to act with integrity as a financial services professional can certainly be severe.
Dundee Sheriff Court heard that Mr Thomson only took out the £180,425 mortgage loan in May 2007 to impress his girlfriend. However, his actions only came to light when lender GMAC-RFC re-possessed the property in 2014, and then commenced proceedings to recover the £80,000 debt that remained outstanding. Mr Thomson first defaulted on his payments only two months after taking out the mortgage.
As Mr Thomson’s mother Maureen was named on the application, the lender started pursuing her for the debt, however it later became clear that the signature on the application was not hers. It is understood that Mr Thomson had been turned down for a mortgage in his own name as lenders considered he presented too much of a risk, given that he had only just started his own business as a mortgage broker.
Mr Thomson pleaded guilty to a charge of “uttering a forged signature on a mortgage application as genuine.”
In passing sentence, Sheriff Alastair Brown described Mr Thomson’s actions as a “gross breach of trust”, and that “nothing short of a prison sentence” was appropriate in this case.
Sheriff Brown added:
“It appears that you were motivated by a desire to be seen as a person of significant standing and substantial success.
“What you did, in essence, was to undermine the system. You knew you were acting dishonestly and criminally. Working in the regulated sector, you abused that position.
“Those in regulated positions who are tempted to abuse that position must understand they are walking towards the door of prison.
“The fact this crime of dishonesty was committed from an officer with a computer and a desk rather than at the dead of night with a pair of gloves and a jemmy doesn’t make a difference to the court.”
Mr Thomson’s counsel attempted to argue that their client was a man of good character with no previous convictions, and said that he had always intended to return the funds.
Mr Thompson has not worked in the mortgage sector since 2014.
The information shown in this article was correct at the time of publication. Articles are not routinely reviewed and as such are not updated. Please be aware the facts, circumstances or legal position may change after publication of the article.