Mortgage Express are forcing me to sell my home – HELP!

Mortgage Express are forcing me to sell my home – HELP!

16:19 PM, 21st March 2013, About 9 years ago 148

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Mortgage Express are forcing me to sell my homeI own a property in the UK that I rent out since being made redundant, getting offered work in Spain and moving approx 4 years ago. My UK property is my only home and I intend on returning to live in it when the UK comes out of recession and I can get a decent job again. I have a standard variable residential mortgage with Mortgage Express.

I did not tell Mortgage express initially that I was renting my house out as it is my only home, I plan to return there and I do not know how long my work will last in Spain.

They have now been advised and are refusing to give us permission to rent the property out. Therefore they are saying that we are now in breach of contract. They are giving us no options whatsoever with them, they won’t change us to a buy-to-let mortgage and they will not give us more time to improve our LTV rate to be able to remortgage with another company.

We have been told we can not currently remortgage as the LTV is very high and we live in Spain. We are unable to sell as the sale price will not cover the mortgage, second charge on the property and the sale/solicitor fees.

Mortgage Express as saying that if we do not do any of these they will foreclose the mortgage and repossess our home.

We have been a loyal customer for 10 years, we have never been late or missed a payment, and now we have very good, loyal, paying tennants who is enabling us to pay the mortgage each month.

On top of the monthly mortgage payments we want to pay them extra to repay the capital as quickly as we can, or at least lower the mortgage value to improve the LTV.

They will do not do anything to help us.

We feel we are being treated very unfairly. Where they have been bought out by the Government they have changed their policies and taken away all of our options. We did not give permission for these changes, we did not sign anything to adhere to their new policies and we want to know how that affects the mortgage contract with us and if we have any case against them.

All advice very much appreciated.

Gary Byrne



Comments

by Gary Byrne

10:09 AM, 29th April 2013, About 9 years ago

Hi Mark, I believe we did and we also donated some money aswell.

by Mark Alexander

10:20 AM, 29th April 2013, About 9 years ago

@Gary - are you sure you are not mixing that up with The GOOD Landlords Campaign? Please see my link above, it's to give your details to Matthew farrow, the broker I offered to refer you to.

by Gary Byrne

10:44 AM, 29th April 2013, About 9 years ago

LOL. You are probably right Mark. I am so tired. This is keeping me up most nights reading so many different forums. Do I fight the corruption or do I lay down and die? I believe with enough people getting together we could beat the low life pond scum that feed us the lies but I guess like most people it is easier to believe in the lies than it is to accept the truth and do something about it. I am looking at 'Freeman Legal Services' at the moment and have made contact with a 'Peter of England'. Will keep you all posted if you are interested.

Kind regards

by Mark Alexander

15:48 PM, 29th April 2013, About 9 years ago

@Gary - of course I am interested. Several others in your position may come across this thread and your story could help them. Keep the updates coming please and good luck 🙂

by

20:27 PM, 29th April 2013, About 9 years ago

Hi Gary

If you let me have your number I will try and call you lol!!

Sorry that you are having so many problems. It must be additionally hard living in Spain while you sort it all out. If I can be of any help I will - have you come across Tessa Shepherdson's Landlord Law site? http://www.landlordlaw.co.uk/

It might help!

Kind regards

Wendy

by Gary Byrne

21:26 PM, 29th April 2013, About 9 years ago

Hi Wendy. Thankyou for getting back to me. Living out here you certainly learn to have patience. Everything is manana so I don't mind the delay in trying to make contact. I am not to sure about leaving my number on forums but I can give you my e-mail address and I can leave it on there. We have skype so it would be for free if you have skype aswell. Hope to speak to you soon.

Kind regards

Gary

by

21:59 PM, 29th April 2013, About 9 years ago

Yes - totally understand. My email is wendy@cesmail.net and my Skype is wendy.whittaker

Kind regards

Wendy

by Gary Byrne

7:30 AM, 30th April 2013, About 9 years ago

lol I totally forgot to leave mine. It is garybyrne_uk@yahoo.com

Kind regards

Gary

by Gary Byrne

7:30 AM, 30th April 2013, About 9 years ago

lol I totally forgot to leave mine. It is garybyrne_uk@yahoo.com

Kind regards

Gary

by Gary Byrne

7:30 AM, 30th April 2013, About 9 years ago

lol I totally forgot to leave mine. It is garybyrne_uk@yahoo.com

Kind regards

Gary


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