Wrongful default prevents house purchase? £8000 to £100000+ damages now available

Rico6.9

silvercar wrote: »

At one point Northern Rock refused to allow him to consolidate debt onto his mortgage in Aberdeen because of the defaults.

Northern Rock were the only ones that would help on a secured basis. As an existing customer I had a faultless record.

At any point you could have sold the Aberdeen property and rented in Spain?

Shouldn't be forced to sell by an evil bank. Very dangerous going abroad with nothing to fall back on. (Look where I am now).

there is no necessity to own.

The bank didn't give me the choice. Another key point. The idea is to own and live "rent free" in retirement once the mortgage is paid off.

I guess you are caught now, can't give up as the legal costs are too high.

This is a very serious case. Nobody has got this far. The bank must be found to be at fault. However long it takes.

Rico6.9

hieveryone wrote: »

why didn't you just purchase a laptop that *definitely* had an inbuilt modem, instead of taking the word of two very unsure salesmen, even with the promise of a hassle free return? :-/

You'd be amazed at how difficult that was back in 1998. I tried hard. I'm still trying!

silvercar

Rico6.9 wrote:

The bank didn't give me the choice. Another key point. The idea is to own and live "rent free" in retirement once the mortgage is paid off.

They couldn't have stopped you selling, unless you were in negative equity with no way of clearing the loss. I know the ideal is to live rent free in retirement, but plenty of people delay buying or sell up for a while.

Rico6.9 wrote:

This is a very serious case. Nobody has got this far. The bank must be found to be at fault. However long it takes.

This is your problem. At some point you could lose a case and not have the funds to continue. Then the legal costs need paying and you end up going bankrupt and starting again from scratch. Nothing to lose and everything to gain. Hope you manage to live a little and don't let this take over your life.

mbga9pgf

F*cking chancer.

sjaypink

mbga9pgf wrote: »

Fucking chancer.

Hi there, I enjoy using this forum in order to hear a wide range of honest views, so please don't hold back on expressing yours

new_home_owner_3

mbga9pgf wrote: »

F*cking chancer.

At least he aint a bull sh!tter:p

mbga9pgf

Hey, new home owner, how do you feel about George Osbourne evaporating what little equity you have? http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/7831323/Bank-of-England-to-cap-mortgages.html

new_home_owner_3

mbga9pgf wrote: »

Hey, new home owner, how do you feel about George Osbourne evaporating what little equity you have? http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/7831323/Bank-of-England-to-cap-mortgages.html

i think its great i think they should make it 60 percent.......

mbga9pgf

Still dont believe me then?

new_home_owner_3

mbga9pgf wrote: »

Still dont believe me then?

what do you think?;)