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  1. Thanks Yes the sub primers do it too. May set a useful precedent for folk. Here's the judgement https://www.courtsni.gov.uk/en-GB/Judicial%20Decisions/PublishedByYear/Documents/2014/%5B2014%5D%20NIMaster%2011/j_j_2014NIMaster11Final.htm
  2. http://www.housingrights.org.uk/news/bank-scotland-held-account More on the case. I'll post the full judgement as soon as I get it.
  3. Thought this may be of some use. Bank of Scotland has been unfairly double billing customers who fell behind on their mortgages, a High Court judge in Belfast has ruled. In a scathing verdict, Master Ellison said the bank's behaviour had been "unconscionable" http://www.bbc.co.uk/news/uk-northern-ireland-28842534
  4. Hi Ladidi How long have you had this mortgage for? Any body with any adverse financial history looking for a re mortgage or new mortgage at the minute is finding it a lot harder than it used to be. With the combination of lenders removing products particulary in this area and the lower loan to values allowed by most lenders I would worry for you at the minute. There is however a slight glimmer of hope for you. Insolvent or not the company should have Professional Indemnity Insurance in place which "should" run for several years after a company has closed down for whatever reason. If you feel that you were mis sold the mortgage then with an insolvent company you could go straight to the FOS ( financial ombudsmans service) Some things you should clarify first: Do you know the status of the mortgage broker? You should have received a two peice statement called an IDD which outlined the status of the broker. This should tell you if you were given advice or if they would give you information about products only. This is also used to inform you of the fees if any you were to pay. Was this a cold call visit from the broker? Did you provide payslips for the mortgage or was it a self cert deal? (important) Was sufficent information taken from you to allow the correct mortgage to be advised? wages - outgoings - financial history - attitude to risk Did you receive any warnings about unsecured debts being consolidated onto your mortgage and now secured against your home? Were the implications of having an interest only mortgage explained to you? Are you now struggeling to the extent that you are missing your mortgage payments? Do you have any children under 16? Lots of questions I know but it is a serious compliant. What paperwork do you have? IDD? Keyfacts document - outlines the mortgage you are getting- 5-7 pages long. Mortgage offer - this would have been posted to you by Gmac.
  5. Well I have lost it! And I havent ordred my books yet either.
  6. Just about to buy of Amazon & popped over here to make sure CAG got some pennies for the sale. Have I gone blind or has the Amazon button gone?
  7. http://www.northernrock.co.uk/downloads/Mort_Update.pdf Have a look @ page 18 right hand side.
  8. There are a couple of mortgage lenders who now only leave a "soft" footprint which does not become a hard footprint untill a full application is made. The soft print is only visible to you when you order your credit file - no other lender sees it when they search you. I know that in certain states in the US this is the way all risk based pricing is done.
  9. Robertnz Could you get permission from your friend to speak for her? If so you could contact LMC and put the offer to them.They may not be aware that there is a large ERC on the property.If the LTV is already high - there may not be enough equity for them to recover their "full" debt. I think it may be worth speaking to the court on this one as your friend can pay all arrears etc back. It may even be worth speaking to the lender for the first mortgage - if there are no arrears on it they may even do a further advance to cover LMC's loan. This would depend on your friends ability to pay the mortgage(and on who the lender is) Failing that CAB may be able to offer some advice and may even be able to communicate with LMC. Are your friend & her mum in a position to pay the mortgages monthly? If not it would still be better to sell themselves and not rely on LMC to get a fair price for the house.(+ not have a repo registered against her for the next 12 years) I hope your friend recovers from her illness.
  10. I cant give you the link but I can confirm that BM have a minimum income of £25K for this transaction. BM now have this as a min income requirement for all BTL applications. This has been introduced since September 06 but not sure when exactly. I will try & remember to try to find out next week.
  11. 1st paragraph - Do you thonk this could be another recent mistake made the same District Judge Cooke? Hill & Anor v Haines [2007] EWHC 1012 (Ch) (03 May 2007)
  12. Eratu13 Have you heard anything back yet? Very interested
  13. I spoke to Legal & Trade this morning after 15 calls yesterday. Apparantly I owe ebay money (I dont) and they have told me that Cabot passed the debt to them for collection but that they are only agents and do not own the "debt"
  14. Thanks peeps That makes sense as I got a letter from Interim Justicia this morning concerning an "ebay debt" of £75.00 pounds. Sounds like I may have two companies chasing me for one sum of money! I will have to investigate as I do not owe any ebay or paypal money. Thanks again
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