Nicky Andrew

Registered with Property118.com
Thursday 8th June 2017


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Total Number of Property118 Comments: 1

Nicky Andrew

14:05 PM, 8th June 2017
About 4 years ago

Approached by compensation firm about Mortgage Securitisation?

It seems like a bit of a stab in the dark, however there is legal reason behind it and success has been achieved through the legal charge on the mortgage no longer being held by the original mortgage provider.

This is not about compensation for wrong doing or financial losses, this is about taking advantage of incomplete or incorrect paperwork made upon completion of the securitisation, leaving no legal charge being held on your mortgage by the investor who agreed to purchase the mortgage backed security. Thus giving the bank no legal means to demand repayment for a debt they have already had settled via the securitisation. Their 70% write off figure derives from 100% reduction of your outstanding mortgage debt minus their 25%+VAT fee.... Read More