The Mortgage Free in Three - Take 2 challenge (MFiT-T2)

someday_soon

some new years party that must have been

Queen-Bee_2

loopy-juice wrote: »

OMG!! I've lost 22k off my mortgage somewhere!!

Balance on 31st Dec 09


Balance on 1st Jan 10

Loopy - me too... my mortgage reduced to £22k last night! Not that I'm gonna complain about it... I thought I'd enjoy the idea before the computer rectifies its error!!

loopy-juice

Computer error? From Nationwide? Still 22k light. Should I tell them?

twinklie

Awwww....man, I wish we'd lost 22K somewhere.

uzubairu

Queen-Bee wrote: »

Loopy - me too... my mortgage reduced to £22k last night! Not that I'm gonna complain about it... I thought I'd enjoy the idea before the computer rectifies its error!!

Same here.

I thought it had to be an error.

I've not checked it today.

Little_Mama

cazmanian_minx wrote: »

I think I have to change my target - OH got down on one knee at midnight, so we now have a £40k mortgage reduction AND a wedding to pay for by 2012 :D:D:D:D:D:D:D:D:D:D

Happy new year everyone!

Caz

What lovely news!:j:beer::j

Many congratulations to you both.

LM x

loopy-juice

Just checked and its now back up to 49k.

Had a chat with the OH and they can now see the light and will manage to put up another £200 per month. Meaning an overpayment of £1100 per month. Long way to go but off on the right foot.

Congrats cazmanian_minx.

pawlala

If you don't like it you could always live on the street.

Strawman wrote: »

I know others have posted about this info but I recently woke up to this and now realise that every single loan, mortgage, credit card or any form of lending by main lenders and Banks is a complete fraud. How they do it is quite ingenious but there are some things you have to accept before you can grasp this;

1. The UK Govt is a Bankrupt Corporation and runs in perpetual Bankruptcy and has done for many many years.

2. Because the UK Corporation is Bankrupt we have no 'money' of substance in circulation. We can't 'Pay' for anything anymore, we can only 'Purchase' and there is a huge difference.

3. Prior to 1931 there was 3 ways to 'Pay' or 'Discharge' a debt. They were the use of 'Gold' or 'Silver' (generally Gold or Silver backed paper we would know as Pound 'Notes') and a 'Promise to Pay'. Remember the word 'notes'.

4. In 1931 the UK Govt removed the Gold and Silver Standard from our 'Money' and we ended up with 'Currency'. Currency is not backed by anything whatsoever, it is known as 'Fiat' and means the paper it's written on is valueless and only has perceived value.

5. The 'Promise to Pay' remained and you have to ask yourself why?

6. All UK 'notes' have written upon them 'I Promise to Pay.......' That means it is a 'promissory Note' - check it out you will find i'm right.

7. All 'Currencies' are controlled by the IMF which is also a Private Corporation. As is the Bank of England and all other Central Banks.

8. **IMPORTANT** The Bills of Exchange Act 1882 defines exactly what a 'Promissory Note' is and that it is 'Legal Tender'. This Act is very much in force and in use TODAY!!

9. If we are all passing around our 'Currency Notes' with 'I Promise to Pay...' written upon them, then we are all just promising to pay each other at some point in the future. What point in the future? When the UK Corporation comes out of Bankruptcy, that's when, and it will not happen any time soon.

10. OK, that would mean that we have a controlled 'Currency' which is privately owned by the private Banks that print and circulate it. If you do not believe the Bank of England is a private corporation then I suggest you need to do further research.

11. So, the only 'Legal Tender' we have is 'Notes' (oh and coins/cash) and we already know they are simply Promissory Notes'.

12. Banks do NOT lend 'money' as such, they lend 'Bank Credit Money' or simply put 'Credit' and Credit is not legal tender.

13. What constitutes a 'Promissory Note'? Well check it out but nothing more than YOUR SIGNATURE on a piece of paper expressing an amount of 'Currency'. Once again the UK Corporation is in Bankruptcy and believe it or not, YOU are a Creditor because it is US they took the Gold and Silver away from.

14. It is essential now that you realise that when you 'SIGN' anything then your signature holds the value because your energy is the only substance behind it to fulfill the 'Promise to Pay' because there is no Gold or Silver or means to 'Pay', only 'Purchase'. You 'Purchase' with a 'Promise to Pay', you 'Buy' or 'Pay' for with real money.

15. OK, we now know your signature is what has the value. When you sign a 'Note' (check the definition of a note) or you sign any agreement with a 'UNQUALIFIED SIGNATURE' (normal signature) then the agreement you have just signed becomes a 'promissory Note' or a 'Promise to Pay'.

16. Your 'promise to Pay' which you give to the lender/Bank for any agreement whatsoever, whether you know it or not, is a 'Negotiable Instrument' to the Bank. In other words it is a valuable 'Note', it has the value written upon it. For example, you sign an agreement for a £10k Loan, or even a £200k Mortgage, the agreement once signed becomes a 'Promise to Pay' or a 'Promissory Note' and has the value written upon it of £10k or £200k. This is a fact.

17. The agreement is now a 'Note', in fact it is a 'Negotiable Instrument', a financial negotiable instrument and it is worth £10k or £200k at the point of you signing it. Why? Because we have no substance/Gold/Silver based economy, we are in Bankruptcy and we only have 'Promises to Pay'.

18. The lender (rubbing their hands as you sign) then accept their new 'note' and it is put on their books as an 'asset', but now they have unbalanced books, so what do they do? Oh yes, they convert their 'note' which you signed and is legal tender (by way of a currency exchange) into 'Credit' and they then advance that useless Credit to you as a Loan and even use whats called 'Fractional Reserve Banking' (money from thin air) to do so. Oh and if this is mortgage based lending then they put a 'Lien' on your property with a Deed.

19. Can you see what's happened? They actually used your signed agreement as an asset in their bookkeeping because they are allowed to do this, remember, we are in Bankruptcy, and they leveraged your legal tender 'note' into Credit which they then gave back to you. Voila, they didn't actually lend you anything at-all. They just gave you back your own 'money' by way of Credit and then they further use your 'signature/signed note' and sell that on their financial markets. You are the Lender the Bank is the Borrower of your signature/signed note/promissory note/negotiable instrument.

That is why you will not get your signed agreement back in its original form because its been endorsed and sold on. They wouldn't have a clue where to look. And guess what? The judges know exactly what this is all about and will do anything to hide this truth from the people they are meant to protect.

The fact that Lenders do this and do not disclose to you that your signed agreement is a valuable 'note is Fraud in the Factum. When they exchange your 'note' into 'Credit' it is Fraud, the fact that they ask you to 'repay' a ficticious debt is 'Unjust Enrichment' to them and a serious offence of 'Conversion' has also taken place. All financial contracts as per the law of contracts are Ultra vires (null and void from the start).

Now look at how a 'Lender' can convert your 'Promise to Pay' (your valuable note) to Credit, advance that Credit to you (your own money), put a 'lien' on your property, allow you to live there a few years and maybe add a conservatory and things, then manipulate interest rates to cause some to have arrears and then swoop upon those poor families and seize their home for non-payment of a loan that doesn't really exist, in a heartless and draconian fashion, sell the property for peanuts, cash in their insurance policy they took out to protect themselves against you not paying them their booty which is the full amount of property value, sell your house for pennies on the pound and stash that in their off-shore accounts, chase you for the shortfall and harrass you like mad until they can turn you upside down and empty your pockets for the loose change, give you a horrendous credit record in the process and then move on to their next victim. They never risked any 'money', gave you any 'money', spent any 'money' or lost any 'money' at any time.

How do you expose this and achieve what you are looking for? Stop following the CCA, it is not there to protect you as you can see, it is there to mislead you and protect the Banks and that should now be pretty obvious. Yes, they have to let you win a small case here and there just to keep you on the wrong path.

Conspiracy theory? Well check the facts before you dismiss this vital information. Check the Bills of Exchange Act 1882, The Gold Standard Act 1931 (when they removed Gold backed money), the definition of a 'note' a 'promossory Note', a 'negotiable instrument' and check companies house where you will see the UK registered as a 'Company'. Check out the difference in terms of 'Pay' and 'Purchase'. And check out Fractional Reserve Banking.

If anyone wants to know more and where you can find further info then please pm me. We do have solutions and guess what, they DO NOT COST YOU ANYTHING AT ANY TIME!!!

**Reserving Rights, Powers and Priviliges. Without Prejudice. Copyright Information.**

loopy-juice

Lets not get personal on this thread please. People are entitled to an opinion. Whatever it is!!

financialbliss

loopy-juice wrote: »

Computer error? From Nationwide? Still 22k light. Should I tell them?

My Nationwide mortgage did exactly the same. It now looks right...

FB.