Philip Hudson

Registered with Property118.com
Friday 4th August 2017


Latest Comments

Total Number of Property118 Comments: 4

Philip Hudson

5:52 AM, 18th September 2019, About 2 years ago

Approached by compensation firm about Mortgage Securitisation?

Hi all,
I've been interested in mortgage securitisation for some time and indeed currently in battle with BOS over my mortgage following a repossession order that has now been suspended.
I have another hearing in December so digging in to the process without any 3rd party input...
However, I've come across these guys!!!!
https://www.thegreatbritishmortgageswindle.net
I highly recommend you read and watch the content on there page as an intro.
Looks like it's not only securitisation that mortgage companies have slipped up on! But the way conveyancing solicitors fudge documents as well as the original mortgage contract not being legal!!!
They believe that ALL 11 million UK mortgages are illegal...
This is big!!!... Read More

Philip Hudson

19:04 PM, 4th August 2017, About 5 years ago

Approached by compensation firm about Mortgage Securitisation?

Reply to the comment left by Mark Alexander at 04/08/2017 - 18:28sounds like a plan. I'll try and find out the legal firm involved and let you know... But I understand its a big player..

Thanks for the direct approach, much appreciated. I've paid them now so lets see....

More info to follow... Read More

Philip Hudson

17:55 PM, 4th August 2017, About 5 years ago

Approached by compensation firm about Mortgage Securitisation?

Reply to the comment left by Mark Alexander at 04/08/2017 - 15:14Thanks for the reply Mark its much appreciated, sometimes a different opinion can be great insight...
I understand that its a Validation process, I could do it but have no idea how to. They act on my behalf and do it for me. I'll get a legal opinion at the end and then decide if I take the matter further through a legal claim, which is offered on a no-win no-fee basis, so no further costs (i hope and believe)...

I accept the comment on the £100 and might start my legal claim myself as they've offered their service for a massive 30% fees.... for me this could mean a £80k legal bill, which I think i could get done through my own solicitor for £15k to £20k... The big question is the money claim, i'm not sure about this and would value input... Nothing ventured nothing gained........ Read More

Philip Hudson

13:49 PM, 4th August 2017, About 5 years ago

Approached by compensation firm about Mortgage Securitisation?

I'd like to throw in my point as well if I may.

Mortgage Securitisation does appear to be something that lenders have mis-managed and in doing so calls into question the issue of who owns the mortgage.

The reality is that if the mortgage has been sold then surly the lender has not rights over it any longer and as such the borrower can legal challenge them.

The core issue as I understand it is that within the original Mortgage Agreement, there is a POA clause that allows the lender to do what they like, how and with whom they like, including securitising the mortgage. If this is the case and the borrower has not been made aware of the transaction (either by being informed or through consent) then what laws are being breached and what recourse has the borrower got to react.

I've been watching the case on Anthony Carlin in Northern Island who is battling the courts over this matter and it does appear that Santander has both lied in court and also hidden the facts only to have the court now demand they release all information relating to the securitisation of his mortgage. It does appear that he has them on the ropes and as such if this case is won, it opens up the whole integrity of how lenders have dealt with mortgages behind the scenes and if legally proven can it lead to the mortgage being written-off...

The big argument for me is when did they sell my mortgage, if they sold it what rights do they have (other than the POA) and if they sold it years ago, can I make a money claim for all payments made to the date it was securitised.....

Only time will tell on this very interesting topic...... I think its only a question of time before the courts have to file in favour of borrowers and the floodgates on claims will open!

One this is for sure, I've started the process on my mortgages as nothing ventured, nothing gained and for £100 it's worth the risk...... Read More