Would this be a case for miss-sold mortgage?

olikatie

Thank you for suggesting carl wright. Why are people so hostile? Is there really any need?

FraudBuster

olikatie wrote: »

Thank you for suggesting carl wright. Why are people so hostile? Is there really any need?

You gambled.
You lost..
You now want compensation.

WTTM

olikatie wrote: »

Thank you for suggesting carl wright. Why are people so hostile? Is there really any need?

Yes.


MOMENT

VIGILANT22

olikatie wrote: »

Thank you for suggesting carl wright. Why are people so hostile? Is there really any need?

Re Carl Wright...I'm sorry I was being a bit flippant...don't take that serious...you'll be in a worse position than now.....Re hostility....it would appear these days anyone in financial difficulty claims mis-selling..when it comes to self cert mortgages...they are what it says on the tin...you self certified you could afford these mortgages....

WTTM

VIGILANT22 wrote: »

Re Carl Wright...I'm sorry I was being a bit flippant...don't take that serious...you'll be in a worse position than now.....Re hostility....it would appear these days anyone in financial difficulty claims mis-selling..when it comes to self cert mortgages...they are what it says on the tin...you self certified you could afford these mortgages....

Gullible Katie :rotfl:


MOMENT

SLAMMER_2

i;ve got a good one.

Bloke took out a mortgage 2 years ago and got it fast tracked.

now split from his wife and wants a t of e.

bank now asking for income proof, which he can't get, or at least can't get to prove that it matches his income (he thinks the bank should use the income he had for a company that closed a year ago).

Now he's saying thats why the bank are in such a state.

He can't fathom that some applications are fast track and later on a bank may request proof.

opinions4u

olikatie wrote: »

I wonder if there are any professionals out there who know what they are talking about?

No idea if they are professional or not, but the following responses from the thread may help:

"I don't think mortgages were regulated 7 years ago. So you can't pursue a complaint via the Ombudsman. "

"BTL is a commercial loan therefore unregulated."

"It is assumed in law that as you are running a business, ie BTL, you are aware of the risks involved. There is why they are regulated in a different way to residential loans. "

"when it comes to self cert mortgages...they are what it says on the tin...you self certified you could afford these mortgages...."

You have no case. Sorry.

Annisele

It's *very* difficult to successfully claim that a mortgage was mis-sold. Unless there was an error on the part of the lender (miscalculated interest, term not the one you stated on your application form, that sort of thing) it's near-impossible. And even then, you get the problems others have mentioned over the fact that it was a self-cert unregulated BTL loan.

If you're struggling with debt, it might help you to post a statement of affairs over on the Debt-Free Wannabe board (see the stickies). They're also a bit friendlier over there!

hopeless_case_2

olikatie wrote: »

Thank you for suggesting carl wright. Why are people so hostile? Is there really any need?

I stopped using this site for that reason,some people on here are really nasty and there is no need.

Raggs_2

I didn't see hostility so much as mirth. Guess that's the wonder of online forums, no simple way of telling.