Mortgage Agreement Never Signed

VIGILANT22

People who try to duck out of responsibilties dont sit comfortably with me..(didnt sign agreement but living in house...rolls eyes)...neither do people trying to blame neg e on other people...rather than recognising they probably bought at inflated prices...if you had protected yourself properly you wouldnt be scrambling around looking for reasons to blame other people...I understand they offer invaluable help on the debt board on this forum...If you manage to get over yourself and take responsibility for yr own actions it may be a good idea to jump over there to manage your situation......

dunstonh

People who try to duck out of responsibilties dont sit comfortably with me

And they will be the very same people who will be the first to take action against others who dont pay them for jobs done. i.e. You built my extension but I didn't sign any agreement.

TBeckett100

i assume like those who have uneforceable credit agreements that you havent moved and enjoyed the house.

CarlM_2

VIGILANT22 wrote: »

People who try to duck out of responsibilties dont sit comfortably with me..(didnt sign agreement but living in house...rolls eyes)...neither do people trying to blame neg e on other people...rather than recognising they probably bought at inflated prices...if you had protected yourself properly you wouldnt be scrambling around looking for reasons to blame other people...I understand they offer invaluable help on the debt board on this forum...If you manage to get over yourself and take responsibility for yr own actions it may be a good idea to jump over there to manage your situation......

It is time you changed your log in name as you are anything but vigilant. Now, let me make some astounding assumptions..
You, dunstonh, tbecket100 and any others here who seem to think they have any right to judge or make assumptions - oh heres an eyes rolling for you ... are all someway connected to the murky greedy world that is the finance industry - (recently bailed out by me and other tax payers - another eyes rolling for you here too!). If I'm right, then its obvious that same industry is still littered with !!!! holes.

VIGILANT22

It's ok, I understand...I would be sore also if:

1. My house was in "50 to 70 thousand in negative equity"
2. No protection in place to cover for redundancy

Oh I'm also a tax payer..so we have something in common....

dunstonh

You, dunstonh, tbecket100 and any others here who seem to think they have any right to judge or make assumptions

No-one said anything about you. The comments made were about those scumbags who try and get out of paying their debts. They only reason you would take offence is if that was actually you were trying to do.

TBeckett100

CarlM wrote: »

The upshot is we have a mortgage that we can no longer afford to keep payments on.

Does this mean that the mortgage could be potentially unenforceable? I should stress we are not trying to get a free house out of the building society!

so if the bank called you tomorrow and said "oh we cant collect any more money" will you still be paying.

Asking the question is my mortgage unenforceable is asking do you have to pay a mortgage? It gosmacks me those who have run up loans and credit card debts turn round and think they can get off scot free. If the agreement is not worth the paper it is written on the money should be returned to the lender.

You took the loan out, you happily moved in. I don't think Dunstonh and I were bailed out by the taxpayer. Perhaps you should have received fianncial advice in the first place to have taken out redundancy and illness protection so you are not in a pickle.

Don't blame others for your financial mistakes. I am a taxpayer also and will probably be bailing people like you out.

dori2o

dunstonh wrote: »

No. The courts ruled in December that lenders do not need to provide signed copies of the agreement.

The precedent only applies where the claimant is the debtor. If the lender takes the action then this case cannot be used as the precedent.

CarlM_2

TBeckett100 wrote: »

so if the bank called you tomorrow and said "oh we cant collect any more money" will you still be paying.

Err what tf you on about?

TBeckett100 wrote: »

It gosmacks me those who have run up loans and credit card debts turn round and think they can get off scot free. If the agreement is not worth the paper it is written on the money should be returned to the lender.

Again, !!!!!! you on about - FYI: I do not have any loans, nor any credit card bills, mine is cleared every month, why oh why do you wish to continue to not give 'money saving expert' advice?? I stressed in my original question that I do not want to get off 'scot free' ..eyes rolling.. and ok, I'm not in the finance industry, so perhaps 'unenforceable' is the wrong term to use, but I dont know the correct terminology (perhaps someone in the FI could help here), I just asked the question: Is there leverage for bargaining the Negative Equity amount. Given that the NE is not attributable to anyone (not ducking responsibility for making bad decision to re-mortgage). But if I had proper fi advice from my Financial Adviser (she is independant), and if the BS had asked to see pay statements, bank details, proof of earnings and even ID(?), then maybe the BS would have been wiser not to lend to someone they never met, let alone had no information about (I wasn't even working/earning in the UK at the time). And if my Financial adviser had mentioned to me that there was a mortgage protection scheme then, YES!, I would have availed of it. As it happens we have meaqns to pay the 70K possible NE, but I dont think that we are culpable entirely and that was my point. Knowing also that BS can 'write down' NE unlike taxpayers (like us),that have to pay their taxes.

TBeckett100 wrote: »

Don't blame others for your financial mistakes. I am a taxpayer also and will probably be bailing people like you out.

WHERE did I ever mention blame? I stated in my opinion that the Financial Ind. is just as culpable for NE as the house purchaser; as it was handing out money hand over fist in the height of it in 2007. They are not so quick to be giving out loans now.
So, please stop being judgemental on people and their situations when you know nothing about the circumstances.
I often wondered what Happy Slappers did when they grew up...

VIGILANT22

You are entirely culpable