My friend is in deep trouble!!

Gorgeous_George

tintingirl wrote: »

I assumed it was a gay couple. Doesn't mean it's not genuine though?

But it is BB so probably not genuine.

Adding to my ignore list again.

GG

Benefits_Blagger

Spamreported wrote: »

i would urge him to report the fraud to the police firstly asking for the mortgage company to send copies of the remortgage app

he signed to the 2nd mortgage as he was oblivious as to what was going on, he thought the mortgage was around the same value as the payments were (discounted deal on first couple of years) lower. he didnt realise that most of the oblivious to the equity being stolen.

he signed the papers so i doubt there is much he can do, i presume for this he will have to chase for thawt money through the courts.

but i am worried his ex might have taken out a loan or somethinf else without his signature since.

neas

Benefits blagger is a bit of a troll :P. Hence why i pointed out his inconsistencies :P. For example reckons he has 100k but claims benefits and lives in a council house etc.... but cannot afford a house.

Benefits_Blagger

neas wrote: »

Is this made up? You have inconsistencies within your post. Such as i can't tell if your friend is a he or a she?

You refer to the ex and a he and the friend as a he,..

probably is as im reported the story second hand, and tryi9ng to condense it a little.

but in repsonse to this post, and others. the couple are indeed a gay couple, didnt want to say, but that shouldnt distract from the case.

they were not in a civil partnership, but i gather under the law they are treated the same as a different sex co-habiting couple

Benefits_Blagger

emmy05 wrote: »

what difference is that?, some ppl get into these re-mortgages without really knowing what theyre for, are you sure he didnt sign his name on anything he really didnt have a clue about?

he's not the brightest spark in the world, could give you many examples, in fact i dont think he even realises now the extent that he has been ripped off.

Debt_Free_Chick

I think if he sees a solicitor this should be relatively easy to sort out.

Whilst the remortgage will have been in joint names, the paper trail will show that the other party (friend's ex) took equity out of the property by having money transferred to their own personal account. This would be deducted from their (ex's) share of the equity.

A solicitor is the best way to go. Find one that specialises in Family Law as they have the experience in splitting assets and sorting out property - even if the couple are not married or in a civil partnership.

Benefits_Blagger

Debt_Free_Chick wrote: »

I think if he sees a solicitor this should be relatively easy to sort out.

Whilst the remortgage will have been in joint names, the paper trail will show that the other party (friend's ex) took equity out of the property by having money transferred to their own personal account. This would be deducted from their (ex's) share of the equity.

A solicitor is the best way to go. Find one that specialises in Family Law as they have the experience in splitting assets and sorting out property - even if the couple are not married or in a civil partnership.

hes been using a solicitor, but they dont seem to be much help.

the big problem is that theres very little equity left in the house, even with the £67k mortgage they were going to just about break even on a housesale of £80k which was agreed and then fell through because his partner was playing silly !!!!!!s (no pun intended!).

ive got a feeling that the money which was "extracted" by his partner on the remortgage has been blown, which explains why he was ok for a year and then started being a problem i think because the money had all been spent. for example my friend found some receipts for expensive hotel bills. and last year my friends ex took his family on holiday to florida which cost £3k and he gave them all spending money on top of that, and the guy is a minimun wager stacking shelves at sainsbury's!!

the house has fallen from its peak value of £90k last year, its on the market for £85k and they are (well my friend) is willing to except £80k.

but since his ex, seems to be flush with money again, i have a feeling that he has managed to extract some more equity out of the house and also explains why he is reluctant for a sale to go through as it will all be discovered.

but in the meantime, this guy is spending all of my friends money!

emmy05

Benefits_Blagger wrote: »

he's not the brightest spark in the world, could give you many examples, in fact i dont think he even realises now the extent that he has been ripped off.

yeah, unfortunate for him, make sure he seeks advice from a solicitor even if you have to push him there yourself

lynzpower

Oh yet another *anecdotal* from the squat now pool of tripe :rolleyes:

DONT FEED THE TROLL

Debt_Free_Chick

Benefits_Blagger wrote: »

hes been using a solicitor, but they dont seem to be much help.

the big problem is that theres very little equity left in the house, even with the £67k mortgage they were going to just about break even on a housesale of £80k which was agreed and then fell through because his partner was playing silly !!!!!!s (no pun intended!).

Your friend's share of the equity ought to exclude the money that his ex has extracted for their personal use.

Is this solicitor a Family Law specialist?