Mortgage Express instructed Valuations without my permission!

by Readers Question

9:45 AM, 19th March 2014
About 7 years ago

Mortgage Express instructed Valuations without my permission!

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Mortgage Express instructed Valuations without my permission!

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

Comments

Mark Alexander

9:05 AM, 28th March 2014
About 7 years ago

Reply to the comment left by "Dick Banks" at "28/03/2014 - 08:19":

Thanks for mentioning LPA receiverships and the dangers of meeting with Mortgage Express account managers.

You may also wish to consider posting on the linked thread below.

I am working with a group of professional advisers which includes Mark Smith and Cotswold Barristers, the people representing our action group which has raised well over £400,000 to fund legal action against the West Brom Mortgage Company rate hike of 1.9% to tracker mortgages.
.

Neil Patterson

9:30 AM, 28th March 2014
About 7 years ago

If you think the little guy can't do any damage try sleeping with a mosquito in the room!

Ever heard of Malaria?

Dick Banks

10:33 AM, 28th March 2014
About 7 years ago

Reply to the comment left by "Neil Patterson" at "28/03/2014 - 09:30":

Neil,

Great. Loving your energy and hearing you sing the sting.

How do you propose we bring the sting?

If it's good let's all get together?!

Does anyone fancy a bike ride to Westminster or UKAR wearing stripy tea shirts, black face masks and bowler hats?

Kind regards,

Dick Banks

ps. if it's cold we could wear trousers!

Neil Patterson

13:44 PM, 28th March 2014
About 7 years ago

Reply to the comment left by "Dick Banks" at "28/03/2014 - 10:33":

LOL you do realise we live in Norfolk don't you ?

I don't think I am prepared to see Mark in Lycra !!

mark hayward

12:28 PM, 31st March 2014
About 7 years ago

Hi Guys

I have felt the sting in the consolidation model/threat.I have personal/joint and corporate double digit MEX mortgages.Whilst I am generally happy to continue with the status quo and hold my ground in the ANNUAL REVIEW/INTERROGATION, there is one shared property,who's mortgage MEX inherited when they took over some of the GMAC book several years ago. MEX want me to agree to a new deed agreement for my personal properties and a separate one for the corporate entity in order to release this one.The new terms are too onerous at present. As I or my partners do not recall signing any new conditions on this existing GMAC mortgage,does anyone out there know if they can still enforce their usual consolidation clause that probably did not exist in the original GMAC terms, which unfortunately I cant find at the moment.Any comments gratefully received.Mark

Julian Fernandes

18:48 PM, 1st April 2014
About 7 years ago

Question regarding MX. I had the great displeasure of meeting certain members of UKAR between april 2010 until Jan 2012, when i fell into 8k arrears with MX having moved my property management agent and the old rents despite my efforts still being sent to the old company. Suffice to say I never got them.

Initially they appeared very help full, even friendly and supportive of my circumstances, and agreed to minimum payment along with a reduction schedule of the arrears, all was good payments were made. In jan 2011 i was verbally informed that MX had decided to the condense all 66 of my accounts with them into one big mortgage. i was told face to face that if I now defaulted againthey would take the properties off me. Their aim was to close the lone book within 20 years or less. The gentleman who visited me at my home, and interacted daily almost with my highly supportive agent( Mr Jack Vincent) , through out this interaction never actually send any correspondence to me as he failed to update my address records. No biggy, the bills were being paid on time.
i had entered into an arrangement at the insistence of UKAR with regard the arrears repayment but over time due to the pressure to meet the monthly commitment for fear of default and repossession, only minimal legal repairs were carried out to my properties and despite my continual complaints to UKAR that the ridiculous pressure the company was putting me under to meet this monthly arrangement payment, was leaving my portfolio vulnerable to disrepair and eventually I would not be able to re fill properties and keep them going without spare cash can i renegotiate my terms, i was met with a blank wall. I should point out that during this period I became extremely ill as the pressure mounted. I had no money to repair my vacant properties and as a result they began to fall vacant. Inspite of this I managed after two years to clear the arrears but having been under extreme pressure for almost two years, my health failed culminating in an admission to hospital. UKAR were 100% aware of my circumstances and had full access to my medical team, and inspite of my health problems closed my loans down in my absence. Sending all correspondence to the wrong address. When I asked UKAR why they had failed to inform me I was told by UKAR that they were not MX but their agent and although they had my correct address on file MX who issued the paperwork sent it to my previous address as I had failed to update their records. Tough. They instructed agents, sold my property for a fraction of what they were worth, they had no intention of hanging onto them. I had no option but in june 2013 to file for personal bankruptcy totaling £1.9mill the bulk of which I owed to MX.

Now i discover that MX and UKAR are one and the same and question the validity of the repossessions. At no point was I presented with any paperwork that I could present to a solicitor to fight my corner, even though they knew exactly where I was and my state of health. I believe with a CCJ if you fail to receive notification and show due reason as to why the issue remains disputed you can have the judgement set a side ?? would the same be true here ? does any legally qualified individual fancy having a go ??? I would very much like too

Jamie M

8:00 AM, 1st May 2015
About 6 years ago

Reply to the comment left by "Roger Lancaster" at "19/03/2014 - 10:44":

What has happened since?

J Days

15:38 PM, 5th May 2015
About 6 years ago

I have had my third contact with UKAR and they have asked to see all original AST's
They have said I can sell the portfolio or remortgage but weren't prepared to put it in writing.
Not sure if Im to be worried about this as they may be looking for a reason to call the loans in?
What might they be looking for?
Any suggestions or knowledge welcome

Mark Alexander

18:07 PM, 5th May 2015
About 6 years ago

Reply to the comment left by "J Days" at "05/05/2015 - 15:38":

Why do they want to see the AST's?

You have every right to be suspicious of their motives given their sole mission is to reduce their loan book.
.

Rhys Jones

16:31 PM, 28th August 2016
About 5 years ago

Hi,

Has anyone challenged the legal validity of MX using the Power of Attorney in the Terms and Conditions to appoint LPA receivers?

As per the Powers of Attorney Act 1971, the POA has to be a stand alone document signed by both parties. It would appear that there is a lot going on with many mortgages which make then fraudulant and void.

Have you ever been asked to sign a mortgage deed but leave it undated. Yes? thousands of people have. Your mortgage could be void........

Watch this space 🙂

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