Mortgage Broker Fraud

Had_enough_5

We have informed the Financial Ombudsman, FSA and hopfully soon the police.

Treadmill

Where you happy to accept the mortgage at the time ? You are complicit in fraud as you took the mortgage knowing it was based on fraudelent declarations.

Most brokers massage the figures in the clients favour, but this case sems extreme.

luckyfool

No.

Presumably you had sight of an illustration, mortgage offer etc and were aware of the rates, payments etc. Presumably you employed a solicitor to assist with the purchase or remortgage as well and were aware of the responsibilities you were taking on.

It sounds to me like the Mortgage Lender is the victim of mortgage fraud here, from what you say, by the mortgage broker. It might be worth informing the mortgage lender and complaining to the broker (check their Terms of Business, the complaints process should be on there). Any complaint to the police in my opinion would come from the mortgage lender.

luckyfool

Also, what loss is it that you say you have suffered?

koexelek

luckyfool wrote: »

Also, what loss is it that you say you have suffered?

Think the OP is just hoping to get the mortgage written off :cool:

( more chance of a frost on the sun than that happening though )

luckyfool

And keep the house? I could respect the position that the mortgage is unaffordable and they want to walk away from the house and leave it to the lender to sell and chase the broker for losses. If (and only if) the OP is as you say wanting the mortgage written off and to keep the house then I have approximately the square root of zero sympathy. I'm not sure if either of those scenarios or positions would hold any legal water, though I suspect not.