Hi, I've just joined this site, and need to ask a question about wf.....
In May 2005 i purchased 25% of a house whilst a housing association owns the majority 75% to whom i pay rent.
I took out a secured loan with wf for £7500, i believe the acceptance fee has been charged interedt, but i have since heard that wf could not have secured the loan on my home as the housing association own most of my house and i have minus equity in it. Also taht wf HAVE to have permission from the housing association and/or mortgage lender to secure a loan on their home???
Would some one please be able to tell me if my loan may be unenforceable due to them obviously not carrying out their land registry checks properly?
Everytime the idiots call me, they always ask if i want to remortgage my house with them, as it is worth £120,000 and my mortgage balance is for £34,000. I keep telling them that it is a shared ownership property and that i have negative equity in my home.
Any help would be greatly appreciated!
I have received loads of threatening phone calls, letters and aggressive banging on my door, and would love to find a way for my loan to become unenforceable!!!