8:42 AM, 28th August 2018, About 3 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.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Advice and implementation provided by a practising Barrister-At-Law with £10,000,000 of Professional Indemnity InsuranceBook Now
Previous ArticleServing S21 when you have not given tenants right paperwork upfront
Next ArticleSubsidence on prospective neighbouring property?
|“Account”||means an account required to access and/or use certain areas and features of Our Site;|
|“Cookie”||means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;|
|“Cookie Law”||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;|
|“personal data”||means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and|
|“We/Us/Our”||Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.|
|Name of Cookie||Purpose||Strictly Necessary|
|JSESSIONID||Used only to collect performance data, with any identifiable data obfuscated||No|
|__cfduid||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.||Yes|
|Name of Cookie||First / Third Party||Provider||Purpose|
|__utma, __utmb, __utmc, __utmt, __utmz||First||Helps to understand how their visitors engage with our website|
|_fbp||First||Helps to understand how their visitors engage with our website|