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  • FIRST POST
    • Tokyo Joe
    • By Tokyo Joe 5th Apr 16, 5:17 PM
    • 2Posts
    • 0Thanks
    Tokyo Joe
    Legal Quest
    • #1
    • 5th Apr 16, 5:17 PM
    Legal Quest 5th Apr 16 at 5:17 PM
    Does anyone here have any experience of dealing with this company?

    There website claims that up to 70% of your mortgage can be written off if they can prove your mortgage was securitised (packaged up and sold onto another lender).

    Sounds too good to be true; which always rings alarm bells with me.

    It sounds like all those previous claim companies who promised they could get your credit card balances written off
Page 1
    • minimike2
    • By minimike2 5th Apr 16, 5:26 PM
    • 1,891 Posts
    • 1,392 Thanks
    minimike2
    • #2
    • 5th Apr 16, 5:26 PM
    • #2
    • 5th Apr 16, 5:26 PM
    You already know the answer to this
    I am a mortgage industry professional. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice
    • Tokyo Joe
    • By Tokyo Joe 5th Apr 16, 5:49 PM
    • 2 Posts
    • 0 Thanks
    Tokyo Joe
    • #3
    • 5th Apr 16, 5:49 PM
    • #3
    • 5th Apr 16, 5:49 PM
    Not quite sure what you mean?

    This is a genuine enquiry to see if anyone has used this company and if so, what the outcome was.

    Have I posted this on the wrong section of the forum?
    • csgohan4
    • By csgohan4 5th Apr 16, 5:51 PM
    • 3,633 Posts
    • 2,271 Thanks
    csgohan4
    • #4
    • 5th Apr 16, 5:51 PM
    • #4
    • 5th Apr 16, 5:51 PM
    I am not even going to entertain this thread with an answer

    Do you believe everything you read on the internet?
    • mrginge
    • By mrginge 5th Apr 16, 6:52 PM
    • 4,084 Posts
    • 7,174 Thanks
    mrginge
    • #5
    • 5th Apr 16, 6:52 PM
    • #5
    • 5th Apr 16, 6:52 PM
    I don't know whether to , , , or
    • AnotherJoe
    • By AnotherJoe 5th Apr 16, 8:16 PM
    • 7,049 Posts
    • 7,518 Thanks
    AnotherJoe
    • #6
    • 5th Apr 16, 8:16 PM
    • #6
    • 5th Apr 16, 8:16 PM
    you do realise "up to" 70% includes 0%. And a fee for checking no doubt.
    • minimike2
    • By minimike2 6th Apr 16, 9:01 AM
    • 1,891 Posts
    • 1,392 Thanks
    minimike2
    • #7
    • 6th Apr 16, 9:01 AM
    • #7
    • 6th Apr 16, 9:01 AM

    Sounds too good to be true; which always rings alarm bells with me.
    Originally posted by Tokyo Joe
    This is what I mean
    I am a mortgage industry professional. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice
    • HappyHarry
    • By HappyHarry 16th Mar 17, 4:33 PM
    • 371 Posts
    • 439 Thanks
    HappyHarry
    • #8
    • 16th Mar 17, 4:33 PM
    • #8
    • 16th Mar 17, 4:33 PM
    Post by Bob007 marked as spam.

    For anyone thinking this is a good deal:
    1. It cost £260
    2. The warnings on the site promoted by Bob007 say "... must advise all potential clients that this matter has not yet been ‘proven’, or if it has, there has been No publicity to confirm a ‘successful win’.

    Sounds like a waste of £260 to me. Potentially worse if the "no-win no-fee" claim turns out to be untrue and someone ends up paying a lot of unnecessary legal costs..
    I am an Independent Financial Adviser. Any comments I make here are intended for information / discussion only. Nothing I post here should be construed as advice. If you are looking for individual financial advice, please contact a local Independent Financial Adviser.
    • davidmcn
    • By davidmcn 16th Mar 17, 4:56 PM
    • 5,598 Posts
    • 5,375 Thanks
    davidmcn
    • #9
    • 16th Mar 17, 4:56 PM
    • #9
    • 16th Mar 17, 4:56 PM
    I also watched a movie they recommended to me 'Inside Job' which is very interesting and relates to Mortgage Securitisation.
    Originally posted by Bob007
    That's nice. Just don't drink the Kool-Aid.
    • HappyHarry
    • By HappyHarry 17th Mar 17, 4:34 PM
    • 371 Posts
    • 439 Thanks
    HappyHarry
    Sorry, I don't understand your comment.

    Look I do not understand what the issue is here. As mentioned before I have done my own research and then decided to sign up. What I would like to know from yourselves is if i have missed anything or if there is something I need to ask the company to get more clarification on, as from what your saying I shouldn't have signed up :/
    Originally posted by Bob007

    I think everyone on here thinks you have at best wasted £260.

    To sign up to this scheme, you have to expect that the companies involved in purchasing these debts of many tens of billions of pounds from mortgage companies have not done any due diligence beforehand.

    You have to believe Muhammad Wasim and his friends who appear to have no history in this area, beside recently setting up a website and a company, are such good legal experts that the companies holding these many tens billions of pounds of mortgage assets are going to roll over and wipe 75% of people's mortgage debt.

    I think you either;
    1. Have been scammed and are looking for positive re-enforcement of your belief that this is a good thing, or
    2. Are promoting a scam.

    There is nothing on the website, or history of the main protagonist, that leads me to believe that this is genuine.
    I am an Independent Financial Adviser. Any comments I make here are intended for information / discussion only. Nothing I post here should be construed as advice. If you are looking for individual financial advice, please contact a local Independent Financial Adviser.
    • AnotherJoe
    • By AnotherJoe 23rd Mar 17, 12:29 PM
    • 7,049 Posts
    • 7,518 Thanks
    AnotherJoe
    Sorry, I don't understand your comment.

    Look I do not understand what the issue is here. As mentioned before I have done my own research and then decided to sign up. What I would like to know from yourselves is if i have missed anything /
    Originally posted by Bob007
    Yes, you will shortly be missing £260.

    In my opinion it’s worth spending £260 just to find out what your lender has been up to.
    Originally posted by Bob007
    • Whyalwaysme
    • By Whyalwaysme 22nd Jul 17, 11:19 PM
    • 1 Posts
    • 0 Thanks
    Whyalwaysme
    This Company Is a Scam
    Avoid using this company. They are a scam. My cousin has used this company for two mortgages and paid £520!!
    Now the poor girl is being told that she has to wait for 1600 other applicants before she can join a class action approach.

    Phones are hardly answered. She was not informed about a 14 day cooling off period.

    Just a bad experience all over which leaves a single parent £520 in the red.
    Calls to the office are hardly answered.

    AVOID!!!!
    • amnblog
    • By amnblog 23rd Jul 17, 8:52 AM
    • 9,642 Posts
    • 3,720 Thanks
    amnblog
    In some ways the clients almost deserve to lose the £260.

    Whether the rest of the market deserves to pay the costs of the lenders fending off these spurious claims is another issue.

    I remember a similar 'market' for a having credit cards written off emerging some years ago.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
    • Edi81
    • By Edi81 23rd Jul 17, 9:17 AM
    • 260 Posts
    • 142 Thanks
    Edi81
    What a load of rubbish on their website!
    So many inaccuracies of what a securitisation is and why banks do them! ��
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