no signed contract

randj123

hi can someone help please i took a mortgage out over 20 years ago and have paid constantly i have just requested a copy of my mortgage agreement and when i have received it there is no signatures on it i went through a broker what happens with this

ACG

What do you mean by what happens?

A signature is not needed to make a legally binding contract.

k3lvc

randj123 wrote: »

hi can someone help please i took a mortgage out over 20 years ago and have paid constantly i have just requested a copy of my mortgage agreement and when i have received it there is no signatures on it i went through a broker what happens with this

Well you certainly aren't getting 20yrs of mortgage payments back :rotfl:


What are you expecting/worried will happen ?

Mortgage_Adviser

randj123 wrote: »

hi can someone help please i took a mortgage out over 20 years ago and have paid constantly i have just requested a copy of my mortgage agreement and when i have received it there is no signatures on it i went through a broker what happens with this

This means the contract is void.
You will be getting the money back but will have to give the house to the bank.


(just joking)

davidmcn

You would have at least have signed a mortgage deed to create the security over your property. Might help if you explained to us why you're asking.

randj123

Because i had a interest only mortgage and dont have any thing in place to pay off the mortgage at the end of the term i told them this when i took out the mortgage i only have 5 yrs left and im worried sick

middleclassbutpoor

How much do you owe and what is your house worth?

ACG

What was your plan when you took out the mortgage?
You could overpay/remortgage?

A non signed contract will not get you out of your responsibilities, you were an adult when you took out the mortgage.

dunstonh

hi can someone help please i took a mortgage out over 20 years ago and have paid constantly i have just requested a copy of my mortgage agreement and when i have received it there is no signatures on it i went through a broker what happens with this

i didnt sign my application either. Although I signed the offer letter and the other key documents to allow the property transfer to take place.

Because i had a interest only mortgage and dont have any thing in place to pay off the mortgage at the end of the term i told them this when i took out the mortgage i only have 5 yrs left and im worried sick

And why do you think the offer letter or application are important in this?

Surely you are not silly enough to think you are going to get away with anything? The courts put paid to that daft idea some years ago when the scam claims companies were telling people they would get their debts wiped out.

jonesMUFCforever

I'm pretty sure that 1 of 3 things will happen -
1. You will pay off mortgage
2. You will re- mortgage.
3. You will sell property to pay off mortgage.

Take your pick

csgohan4

how about number 4: Claim it was mis sold