There has been much adverse comment about how banks took security for their loans. It is somewhat ironic in that many years ago banks insisted in employing a solicitor to act on their behalf which meant a borrower had to pay his/her fee as well as the costs charged by their own solicitor. There was much criticism at what was perceived to be a double charge and after much pressure banks in some cases dispensed with employing their own solicitor and relied on the borrowers solicitor to put the security in place. Hindsight is wonderful!