8:42 AM, 28th August 2018, About 4 years ago 2
For anyone looking for help with Mortgage Express appointing receivers.
Check who signed the paperwork for the appointment. Did they work for the company. It should be signed by a director, secretary and attorney. Cross check the authorised name on companies house. In my case the people were not known to the company.
The terms used for a loan breach were possibly lifetime mortgage terms. See the last page of the paperwork issued by the lender to the court before they sought possession. It’s clearly states FOR LIFETIME MORTGAGES ONLY.
Check the dates the lender applied your credits. In many cases if you paid mid month they would apply the credit after the next loan payment was due. Making the account look in more arrears than it was. If this was the case then imagine the compounded interest owed to a mortgage payer. This may have eliminated any receivership action as they owed you money in interest.
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