Max Cave

Registered with Property118.com
Thursday 14th November 2013


Latest Comments

Total Number of Property118 Comments: 11

Max Cave

17:34 PM, 24th March 2014, About 7 years ago

Mortgage Express instructed Valuations without my permission!

Well done for that Paul! Unfortunately I was in the unenviable position of MEx paying for service charges for some of my properties. So although not all properties were affected and there were no mortgage arrears, I received the full force of LPA action and bullying strategies. Unlike my business partners, I wilted and paid up and therefore I was left alone.
I guess from a business perspective, whatever happened was in the name of law and the spirit of capitalism. There were those that grafted through it, like you and then there were those that walked the line, like me. What upsets me about UKAR is that they seem to forget that MEx and all such lenders were actually bailed out using our very own money, i.e. the tax payers! If companies like Northern Rock, MEx etc could not with stand the recession whilst selling their products to the us, then what chance did the average borrower have during the same crisis!
It's about being fair and not using LPA receivers unscrupulously during negotiations with borrowers who are prepared to pay.... Read More

Max Cave

16:28 PM, 24th March 2014, About 7 years ago

Mortgage Express instructed Valuations without my permission!

Well that's good news for you Paul and that is good information to have with regards to debt consolidation above a certain LTV!
However the concerns addressed here are very real for many out there. You have just said 'fair enough' to the UKAR's debt consolidation formula because you are fore warned now, whereas many only found out on the date of completion. Also do not forget that we have been and still are experiencing decent capital growth with increasing rental yeilds, so it's not difficult to have a sound portfolio now and for finances to be less stretched.
My portfolio with UKAR run into the double digits and my loans with them run well into the 8 figures... and yes they are all in positive cash flow with decent LTV's today. However, I have experienced their strategies during a time when the LTV's became poor and rental yields diminished due to the recession.
Things are obviously going to be less scary today than if you were dealing with them in 2009 - 2011!... Read More

Max Cave

13:08 PM, 24th March 2014, About 7 years ago

Mortgage Express instructed Valuations without my permission!

Sorry I meant Stephen King and not Chris Green... Read More

Max Cave

13:05 PM, 24th March 2014, About 7 years ago

Mortgage Express instructed Valuations without my permission!

@Paul - Warning- As Vanessa has stated already, I can also confirm that UKAR will consolidate your debt on the portfolio when you sell your property. Hope you don't have cgt to pay on that as you will not be left with any equity on completion.
@ Stephen King - sorry to hear of your circumstance. Your story is a familiar one as I have seen it first hand with my business partners.

http://www.consumeractiongroup.co.uk/forum/printthread.php?t=230253&pp=20&page=80

See the above thread!!!! There were plenty who stood, fought and lost. Thanks to everyone on this thread for spreading the word of this injustice.... Read More

Max Cave

13:22 PM, 20th March 2014, About 7 years ago

Mortgage Express instructed Valuations without my permission!

Reply to the comment left by "Chris Green" at "19/03/2014 - 19:51":

Hi Chris, I was not in arrears! MEx paid for contested service charges for some of my properties.... Read More