Steve and Becky have lived together for some years. Becky is the majority shareholder in a company manufacturing cosmetics. The company is experiencing financial difficulties and Becky approached Sharks Bank to obtain a loan in order that the company would be able to continue in business. The assistant at the bank who interviewed Becky told her that it would be necessary to use the house where she was living as security for the loan. Becky agreed to this and said that she would explain everything to Steve and that they would consult the company solicitor together. Becky told Steve that she needed him to transfer some of his minority shareholding in the company to her and although Steve was initially reluctant to do this, he did ultimately sign the document, which Becky presented to him. It was in fact a charge of their jointly owned house to Sharks Bank to secure the loan given to Becky. The Bank now wishes to obtain possession of the house because Becky has failed to make the repayments due on the loan. Advise Steve