Nrinder Gosal

Registered with Property118.com
Thursday 9th June 2016


Latest Comments

Total Number of Property118 Comments: 9

Nrinder Gosal

8:38 AM, 2nd March 2019
About 8 months ago

Republic of Ireland advice after compensation?

Just wondering whether this turn of events impacts others like me who suffered the same uplift from BoI by changing from the tracker to variable? I thought property118 was raising money from its members to challenge them? Anyone have any updates?... Read More

Nrinder Gosal

10:03 AM, 26th November 2017
About 2 years ago

Undervalue sale of property repossession

Thanks Kate
One of the properties already had a separate registered title and that is the way it was purchased as a separate leasehold flat albeit I already owned the freehold of the building.
As regards to creating separate titles I cannot understand you timeline. I regularly do developments and register leasehold titles and it’s never problematic especially as they would have done floor plans already for selling purposes and of course they would have the freehold title anyway so no complications on terms of the leases. Don’t forget they held the property for one and a half years!
Thanks for building insurance advice I will look into it
Nrinder... Read More

Nrinder Gosal

18:31 PM, 22nd November 2017
About 2 years ago

Undervalue sale of property repossession

Reply to the comment left by Ian Narbeth at 22/11/2017 - 17:15
Thanks Ian
I’m just in the process of gathering as much information as I can and also seeing if anyone else is in the same predicament. On the face of it you could say a possession order was granted so hard luck. But I feel it runs a lot deeper. Any mortgage/loan has exit clauses to pay back on demand if market conditions change. Highlighted by BoI and West Brom who converted tracker rates to variable to suit themselves. My properties were in prime London locations and very easy to rent . I will call soon . Thanks Nrinder... Read More

Nrinder Gosal

15:51 PM, 22nd November 2017
About 2 years ago

Undervalue sale of property repossession

Reply to the comment left by Ian Narbeth at 22/11/2017 - 15:37
I checked with land resistry and the title shows only the end purchaser with the amount paid. In any event I have the auction catalogue and there is no mention of my lender or their solicitor. One more thing this is one of 4 properties they repossessed. I had no mortgage just a loan which expired and they weren’t interested in reducing the loan. LTV was only 30% at the time .... Read More

Nrinder Gosal

15:18 PM, 22nd November 2017
About 2 years ago

Undervalue sale of property repossession

It was sold on a single title. The party who sold at auction did not own the property only a contract. Why would he pay for the property in full and create titles and sell when he could make a fast buck with only a deposit. I don’t even know what completion date the lender had set. I only found out about the auction by chance. The lender was obviously in no hurry to sell they were sitting on it for one and a half years and accurring extortionate interest!!... Read More