Mortgage Express instructed Valuations without my permission!

Mortgage Express instructed Valuations without my permission!

9:45 AM, 19th March 2014, About 10 years ago 80

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Hi All,

Some of my Tenants have been contacted by a company called Landwood group. They are trying to gain access to the properties to perform a valuation, and have requested the tenants provide information regarding the Tenancy Agreement.

I have contacted Landwood, who said they where just the Valuers and gave me the name and number of their contact at Mortgage Express. What right do Mortgage Express have in this regard?

Has anyone else had such a survey and do you know what this is all about?

Should I be worried?

Landwood said that Mortgage Express should have contacted me, but I have received no letter yet.
FYI – I have 12 mortgages with Mortgage Express- all in Essex. I have never been in arrears, and the tenants are all long term.

Many thanks in advance.

Markmortgage express logo

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16:31 PM, 20th March 2014, About 10 years ago

RE Vanessa comment that the Daily Mail story on Brian Smart has been pulled. It is still up on the This is Money site - which is effectively the money section of the mail online.

Maybe it was a temporary glitch?

Apologies my friend for suggesting you were in arrears!

16:36 PM, 20th March 2014, About 10 years ago

It looks like that story was re-posted today, along with this

The publication date on both of articles is today, 20th March.

Mark Smith Head of Chambers Cotswold Barristers

17:02 PM, 20th March 2014, About 10 years ago

Reply to the comment left by "Chris Novice Shark Bait" at "20/03/2014 - 15:07":

Hi Chris and all readers,

The 'we' is Mark A working in collaboration with Cotswold Barristers. Mark and I have prepared a series of responses dependent on the situation facing each borrower.

Mark is carrying out preliminary assessments on each case that is sent to p118, and referring those which need action over to us.

We are also putting additional legal teams in place to respond to the volume of work that comes in, to ensure that there are no delays in response.

Mark Alexander - Founder of Property118

17:09 PM, 20th March 2014, About 10 years ago

Reply to the comment left by "Chris Novice Shark Bait" at "20/03/2014 - 15:07":

Good question Chris

Have you read my latest article on this subject? - please see >>>

My role will be:-

1) to assess initial enquiries

2) To brief a panel of solicitors and direct access barristers capable of dealing with the potential volume

3) Implement a fixed fee arrangement to serve injunctions quickly based on the investigative work having already been completed.

Any borrower is, of course, free to appoint their own legal advisers or deal directly with any of my contacts. The value I am adding is systematisation, inside knowledge and experience of how these deals were structured and the ability to share that knowledge effectively with a legal panel, all of which will achieve significant economies of scale and reduction in cost per instruction.

My panel of selected advisers will introduce themselves here and on the linked thread above over the next few days.

Mark Alexander - Founder of Property118

17:20 PM, 20th March 2014, About 10 years ago

Reply to the comment left by "Mark Grace" at "20/03/2014 - 16:09":

Hi Mark

What makes you think you have "no choice but to let UKARS inspect and value the properties".

What condition are they enforcing within their agreement which allows them to make direct contact with your tenants and enter your properties, their homes, without consent?

17:44 PM, 20th March 2014, About 10 years ago

Reply to the comment left by "Vanessa Warwick" at "20/03/2014 - 16:36":

You beat me to this Vanessa!

Well done by getting involved too. None of this can do any harm at all. Emma Lunn, the reporter would appear to have the bit between her teeth too thankfully.

Mark plans listed above along with Mark Smith means that in around 24 hours we have collected moved forward and united greatly. Lets all try and keep up the momentum?

10:17 AM, 21st March 2014, About 10 years ago

Apologies in advance for the lengthy post...please read it all.

@Mark A

Well done with this. It is a fabulous starting point for anyone in distress. This has not been readily available before – but it is now.

Having given this matter some thought, I conclude that UKAR are just at the stage of desperation owing to a few factors regarding low interest rates and their inability to hit their targets set by OUR elected government on getting the money in at any cost.
I could imagine a conversation along the following lines of 2 UKAR policy makers on this theme. Let’s call them P1 and P2

P1 So we’ve managed to get as many customers of MX to remortgage to other lenders, and we’ve done as many repossessions we can of those in arrears – there’s not much to go for now.

P2 Yes I know, as long as interest rates are low then the vast majority of borrowers will easily pay their monthly mortgages and stay out of arrears. It’s so frustrating!

P1 Yes, when rates start to rise, with each rise we will have plenty customers falling into arrears then. That will make it simple for us to hit our targets wont it?

P2 Yes indeed – we’re going to be rushed off our feet by taking back those properties, quite legally, of those loans that have turned bad. But until then, how do we continue to keep the Treasury happy? We need to do something...anything!

P1 Correct. So we have to make things happen then don’t we? If the rotten fruit isn’t falling from the tree naturally, we better give the tree a shake so that we get some of the decent fruit to fall off. That way we can simply keep on reporting our successes tot he Treasury until rates rise and it will be easy then!

P2 What do you mean?

P1 Well we can select certain customers and steamroller them and take their portfolios. We just dream up ‘breaches’ that are totally insignificant but give us enough leverage to frighten them.

P2 Are you talking about residential customers here?

P1 No not at all! In fact - definitely not. The products they have are regulated by the FSA – we would never get away with it! Plus can you imagine the public emotional backlash? The treasury would be furious with us too because their dirty deeds would then be exposed for the world to see. Dont forget there’s an election soon!

P2 Ah, I get it – you mean BTL customers then?

P1 Of course I do. Their products aren’t FSA regulated and there would be nowhere near enough public support for them either.

P2 But wouldn’t that mean that decent tenants are effectively thrown out of their homes?

P1 I suppose so – but as long as we do this piecemeal and get it done quickly, I’m willing to gamble it won’t be a major issue. That is providing the media don’t run campaigns to highlight what dirty tricks we are up to.

P2 So I guess we will hit our biggest portfolio customers then for maximum effect? That will be a very efficient use of resources.

P1 Not necessarily. I think the bigger portfolio customers are pretty savvy and have deep pockets for legal battles. Remember, we are going to be targeting customer here who have NEVER been in arrears! Many of the so-called breaches we create are liable to be ridiculed by a judge if they apply for injunctions before we proceed.

P2 So what are you saying?

P1 I’m saying that we hit the more homespun type customer. The ones who aren’t as strong. The industry is very fragmented. We can take advantage of that. We can hit them so hard and fast that before they have had time to gather their thoughts, we will have the LPA receivers in and start the ride on the slippy slope for them.

P2 I can see the sense in that. They won’t even have time to think straight or make any plans for a legal defence will they?

P1 Exactly.

P2 I suppose this is an option we are forced to take if we wish to meet our grubby little targets that the PEOPLES government have set us.

P1 It’s such pity that decent honest UK citizens, running their businesses and paying taxes AND who aren’t in payment arrears and therefore who have done nothing wrong, need to be picked on like this. But I suppose we can always say the devil made us do it. – Casualties of war etc?

P2 So that’s it then. Until rates start to rise – when we will have so much fruit falling off the tree that we won’t know what to do – we will have to resort to these dirty tricks.

P1 Yes but there’s just a couple of possible clouds on the horizon regarding this strategy.

P2 What’s that?

P1 Well, if these landlords who we choose to surprise, became organised and prepared legally beforehand for our dirty tricks then we are going to find it much harder to get away with all this. Also, if they get themselves organised from a PR and media communications angle then we can so easily be exposed by the media for what we really are.

P2 Do you mean as grubby little underground warriors doing our government filthy work for them?

P1 Indeed.

P2 Fair point – but surely that will never happen. The little people won’t do that.

P1 Don’t be too sure about that P2

I’m totally convinced, based on the tales coming out, that this is a précis of what is happening.


A combination of Mark’s diagnostic initial support combined with Mark Smith’s skills as a barrister we are now prepared.

Combine this with Vanessa’s sterling efforts with a more communicative approach to UKAR, we can say we are at least prepared to fight and expose these people. Like most people I have no issue with hem chasing customers in arrears (even though even in these circumstances they are eye wateringly ruthless), but to hound people who aren’t in arrears is despicable.

We now need to spread the word and link as many interested parties as possible to this thread and PT threads too,

We also need to let as many MX customers who don’t visit the forums about the support structure available.

Strength in numbers.

I’m thinking of examples such as

Other property forums
Letting agents – they can mail shot their clients
Newspaper contacts
Local radio

In fact anyone who has a voice – the louder the better.

Thanks again to all concerned who are making a difference.

Stephen King

16:52 PM, 21st March 2014, About 10 years ago

Reply to the comment left by "Chris Green" at "21/03/2014 - 10:17":

Dear All,

new member, signed up today, having not seen your site before, seems like an excellent forum.

This thread is touching an immense topic, you are poking, without knowing, the crust of a volcano that will explode with mathematical certainty over the course of the not too distant future.

UKAR have one agenda, manage down their mortgage book. The underpinning reasons for this are very simple, however the understanding of why and how they are able to deceive the alleged borrower are, as yet, not in mainstream media.

My own experience with the underpinning mechanics of this thread, as a developer and BTL Landlord of 20 years, has spanned the last 5 years with LPA Receivers, corrupt judicial system and blatant criminal activity by the Bank and Receivers. The whole process is criminal by design as written by Tim Madden.

Some stark facts:

1. You do not own any of the properties you were led to believe you were buying, you merely purchased them. You do not own them.

2. The Bank did not lend you a single penny when your mortgages were taken out.

3. The SPV behind the scenes (not UKAR) is the entity calling the shots. This will not be the "lender" as noted at Land Registry.

4. If the property you hold (as opposed to own) hence lease and free hold, has been approached by a Surveyor, you should be extremely concerned. This is the start of the process, instigated by the SPV, to remove the asset from you, for a multitude of different reasons that are far too complex for this thread.

The above points will seem shocking, blunt and somewhat downright crazy to 99.99% of mortgagors, but for those who know the truth, lambs and slaughter come to mind.

Ask yourselves, why did you not date the alleged mortgage deed at your solicitors when you thought you were borrowing money? None of you will have dated the deed, guaranteed. Did your solicitor tell you that you were granting irrevocable power of attorney to the Bank? No, they never do. Nor do they tell you they are acting, that being the operative word, acting, for the Bank. If you have not heard of the registration gap, then this will come as a shock to you. The Bank did not lend you a penny.

Here are some links to expose the filthy tactics that corporations such as UKAR are using against you.

Some of us have been in this fight for 6 years already, for those of you who are worried, you have cause to be. The Bank (acting for the SPV) has the sole intention of taking you to the cleaners, make no bones about it. My £5m portfolio was decimated and I was unlawfully bankrupted. The Courts are owned by the Banks, you will find no remedy there, or with the use of a Solicitor or Barrister, both are Officers of the Court with an Oath to the Court (Bank).

The only remedy is in the private, not the public. Until the Banks are exposed for what they are in mainstream media, and for the debt that securitisation has enabled the Bankers to heap onto unwitting so called borrowers, who have no idea in the main what they are getting into, as I didn't, then this process will continue.

For those of you who want more info on Securitisation and SPV's, please see

Forgive my directness, but I've been in a pitched battle for 6 years and so many of my front line colleagues have too.

For the deception behind Receivers please see

Securitisation is going to full trial in Ireland in May (where people are taking matters a lot further) with Miriam Freeman vs Bank of Scotland. The Banks are being exposed and it's not a pretty sight.

Lawrence Tomlinson has exposed RBS for this tactic.

Here's how they will take you to the cleaners, very simple, let's look at:

£100k property

£50k loan

max LTV 60% (i.e £60k)

All well within limits so you think, so what does the bank do?

Instructs new valuation, it is designed to come in at £80k because the Bank will own the Surveying Co.

Suddenly mortgagor is at 67.5% LTV with no increase in borrowings

Lender calls in loan and sells property for £80k, steals the £30k in fees, job done and the borrower has just lost £50k. If there is a shortfall, expect Bankruptcy and the loss of your Family Home. It is sick, but that is what the SPV is about. Why can they do this? You gave them power of attorney to do so, check your T & C's.

For those of you who have questions as to the solutions, I'm happy to help.

You will find no remedy in Court, nor with expensive so called "legal advice", no matter what you do.

For those of you who think they own their properties, check out

You will find you do not even own your name, let alone your property. Check your Birth Certificates, which are Crown Property, all of your family names will be in CAPITAL letters, ever asked yourself why? This will explain it.

I wish you all well, my family has been destroyed and my construction business was decimated from earning £100k a month to zero over-night. Sadly, this will continue until the Bankers are stopped by the public waking up.

Paul Machin

18:00 PM, 21st March 2014, About 10 years ago

I am considering selling one of my properties which has a good amount of equity within it. It has a ME mortgage.

I am selling it to aid cash flow in preparation for any imminent interest rises and to pay off a couple of 10 year mortgages that are coming to the end of their term next year.

Mark A , can I ask you whether you think I should consider changing this strategy now as I am reading on the threads that MS or their receivers are using any and all equity from a ME mortgaged property that is sold to pay of other ME loans that I might have?

Do you know if thIs this happening with all Landlords or are they being selective on who they target?

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