Looking for help with MX appointing receivers?

by Readers Question

8:42 AM, 28th August 2018
About 3 weeks ago

Looking for help with MX appointing receivers?

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Looking for help with MX appointing receivers?

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.

Mike



Comments

Chris Novice Shark Bait

10:56 AM, 28th August 2018
About 3 weeks ago

I have 2 properties with MX. No receivership issues as yet but MX have failed to apply to my account compensation they obtained under none disclosure agreement with a 3rd party years ago. Watch keenly.

Gary BTLowner

21:45 PM, 2nd September 2018
About 2 weeks ago

I have a court claim for repossession of several flats re BTL mortgages which are interest only trackers. The booklet says for Lifetime mortgages but they are for a fixed period. Is this a point on which we can get the claims thrown out? I have mortgages which were taken out with Kensington, does anyone have any experience of them?


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