MAS No.5

Siliquaesid

Conrad wrote: »

For regulated mortgage contracts (non buy to let), mortgagees have all the protection they need in form of the 6 core principles laid down by the FSA (now FCA).

Namely one principle states a lender MUST treat all customers fairly after sale and deal with post sale enquiries fairly and promptly.

Forget going to Court. Complain in writing using special delivery post and if then not satisfied take it up with the FCAs complaints arm - The FOS.

Proving what is a 'fair' rate is going to be very difficult though, afterall investors in a more high risk mortgage book can argue the reward reflects the risk.

This is assuming that the mortgage is actually VALID in the first place which a very large %age of UK mortgages are NOT :shocked:. You might not believe this but it is 100% TRUE.

If your mortgage was sold / transferred to a third party, DO NOT MOVE or change or sign ANYTHING with the company until at least the middle of next year. There are cases going through the High Court at the moment which will blow this whole scam WIDE OPEN.

jdmave

Hi All

Late comer to the whole debate and wondering if this thread is still active?

I myself were sold out to these cowboys from GMAC in 2007 and only ever seen interest rates rise whilst the rest of the industry reduced there's.................

Any up dates would be much appreciated?

Regards

jdmave

Siliquaesid

https://forums.moneysavingexpert.com/discussion/5178579

AND

https://forums.moneysavingexpert.com/discussion/comment/68058966#Comment_68058966

These articles are the result of 5 years of research into the questionable activities of these companies. THere is still a WHOLE load more dirt to uncover, but what I state is PROVABLE and I can provide the documents to do so, in fact I will, to the Police, on Monday 30 March 2015.

Feel free to conduct your own research too, you may well uncover something important.

ENJOY.. Pass it round, post it on Facebook, newspapers where EVER you can. Let's get this VIRAL.