Such a worrying discrepancy could not go unanswered and consequently, Erva lawyers have now written to top-firm Uría & Menéndez for an explanation. It does not take a great capacity of comprehension to understand that the “offending” paragraph would have met great resistance from the instigators of Rothschild’s CredictSelect Loan Facility, a fundamentally flawed, predatory and deceitful product.

As Rothschild put it, an asset backed loan that is unlike a conventional mortgage (sic).