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Victoria Mortgages


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Hi

 

Hope someone on here can help as I haven't got a clue about this.

 

Two months ago a friend took out a mortgage with Victoria Mortgages. She's just had a letter from KPMG stating that they have gone into administration.

 

Can anyone advise what this will mean for her?

 

Thanks.

All help is merely my opinion only - please seek legal advice if you need to as I am only qualified in SEN law.

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If you Google Victoria mortgages it appears they are just a broker operating from rented premises.

 

KPMG are a very experienced administrator who will " oversee " VMs business untill they are closed down, or sold.

 

A lot will depend on VMs status. I.E credits/creditors.

 

Carry on paying as usual (very important) unless told otherwise, as the mortgage will have been funded by a larger institution who will have an interest in what happens to VMs.

 

KPMG will probably have the best and quickest answers for your friend,

but please ask again on here if unsure.

 

There are much more experienced and knowledgable people on here than me.

 

Good Luck

I Wish you everything you wish yourself.

 

NatWest Claimed £1,639. Accepted £1,344.

Natwest Paid me again as GOGW £1,656. Yes they can have it back if they say please.

Barclays 1 Claimed £1,260. Won by default. Paid in full

Barclays 2 Claimed £2,378. Won by default. Paid in full

Birmingham Midshires. Claimed £2,122. Accepted £2,075.

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