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Solicitors charges added to mortgage (Jimbo45 ?)


rdm2006
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I am currently going through a repossession (via the Mortgage Rescue Scheme, so I will still stay in the property and rent it from a housing association) HSBC own the majority of the mortgage and EPF a much smaller amount. After the housing association had valued the house there was enough money to pay both parties, however, HSBC changed sols and the charges from the first sols were added to my mortgage (which they say is in the terms and conditions) this then left no money to pay EPF.

 

You may already know that EPF is part of HFC which is part of HSBC. So HSBC is now arguing with itself as to who will show the deficit and the courts have not awarded costs as yet.............

 

With ref to your post

http://www.consumeractiongroup.co.uk/forum/showthread.php?286727-Future-mortgages&p=3223759&viewfull=1#post3223759

 

what is the legal basis for this? all help greatly appreciated.

HTH (Hope This Helps) RDM2006

 

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Hi there

What I meant -- by way of an example is that say you have arrears of 1,000 GBP they can add costs to the amount of the mortgage outstanding but they CANNOT add these charges to the arrears themselves.

 

So if say they have added 200 GBP for "Costs" you still won't get evicted if you pay the 1,000 GBP arrears. They cannot state you have to pay 1,200 before they will stop the eviction.

 

The costs can be challenged if they are excessive but that's another issue. The extra costs will be presumably added to the principal amount and future repayments might be adjusted -- but they CANNOT add the 200 GBP to the 1,000 GBP arrears in any re-possession hearing.

 

Cheers

jimbo

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thanks

HTH (Hope This Helps) RDM2006

 

THE FORCE (OF CAG) IS WITH YOU

;)

 

We've Helped You To Claim - Now Help Us Remain

A live Site - Make a Donation

 

All advice and opinions given by people on this site are personal, and are not endorsed by Consumer Action Group or Bank Action Group. Your decisions and actions are your own, and should you be in any doubt, please seek qualified professional legal Help.

 

However, if you have found any advice you have been given helpful.

Why not show your gratitude And

Click the * on the post you found helpful.

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