Letter to Mortgage Company

[Lawrence]

Just received the following link from a TNS member. The link details the Northern Rock Securitisation process, which should be roughly the same for all UK Mortgage Lenders.

check out http://companyinfo.northernrock.co.uk/t ... on/mortg... the Issuer appears to be Gosforth Funding PLC, the above link will show one of their securitisation propectus and will give you an idea of what the where up to, make sure you read it all.
Cheers

[Lawrence]

Try this link as the other doesn't seem to work:

http://companyinfo.northernrock.co.uk/t ... tgages.asp

[Lawrence]

Just received a letter today from a solicitor (not signed). They are saying that I have arrears on my buy to let mortgage (which is true) and unless the arrears are discharged within 7 days It may be necessary to appoint a receive without further reference to me.

Can anyone advise on the response I should give to this. They also want me to complete a form which shows the rental income on the property.
Lawrence

[smilingalltheway]

having the financial ombudsman involved could make things tricky as whateve rthe outcome of the financial ombudsman the banks may use this for "possible" future court purposes, so anything they write you don't agree with make sure you rebut it, it's possible that they will work together with the banks in formulating their responses to you and especially in releation to timing.

(for example if a court date is decided, financial ombudsman will make sure their response arrives perhaps a day before your court date is due etc.... making sure their response covers any court case issues)

these institutions have been doing this for years, and they have alot of experience in gatekeeping.

I'm not saying don't go down the route of financial ombudsman, from experience with ombudsman services you will usually have to request they do reviews of their decision and if you ain't got others watching whats going on, aka transparency.... which is the case with your complaint to them.... (who else has seen your complaint other than yourself? and do the ombudsman know that others are watching them and any decision they make... by others i mean others in their system that are meant to be accountable....) cos if only you are watching them then you got little chance.

might be useful for you to see if they have any mortgage related issues, not looked on their website, to see how they deal with them, but don't waste too much time there, personally i don't see remedy with them.


realise things are getting a bit pushed now, but have you read or looked at any of the other posts in this forum section?
don't think that mortgages are a simple contract issue, theres more going on.

[Lawrence]

Thanks for your response. I will contact the Ombudsman in the morning and try to gauge their take and then decide on the route to take. I will read up on the links you gave me.
Thanks for your help and support.

Lawrence

[Lawrence]

On April 12th I received a letter for a UK solicitor TLT advising me that they were acting on behalf of their client TMB. They say their client has decided to seek full payment of the secured loan plus the arrears and charges (unless of course I can pay the arrears within 7 days). They also say that unless I pay within 7 days they may be instructed to appoint a receiver without further reference to me. Not sure what this mean (without reference to me). Does anyone know if a buy-to-let mortgage is view differently to a residential mortgage? I would have thought that the courts would need to be involved on any type of foreclosure?

Lawrence

[Lawrence]

On Monday the 15th I sent a letter to the CEO of my mortgage company requesting the following information.

1. Has this Mortgage Loan been offered, in whole or part, in any securitisation mortgage tranche/agreement with any national and/or international pool of investors (seeking either the return of interest or the return of capital and interest), or the use of any form of Special Financial Vehicle(s) or similar in terms of Intent rather than Form?

2. Do you know the physical whereabouts of any and all original documents, promissory notes, or other negotiable instruments, whether known to me or not, relating in whatsoever way to the said Loan?

3. If your response to Question 2 is in the affirmative, I wish to have sight of any and all original documents, promissory notes and any other negotiable instruments relating in any way to the above Loan at a time and a place which is mutually satisfactory to both parties. If your response is in the negative, kindly explain, as CEO, why you do not possess this information.

4. Given that the answer to Question 2 ought, by right and by law, to be known to you, I request that you forward at your earliest convenience legally authenticated copies of all such documentation, whether hitherto known or unknown to me, to my residence given above, prior to a viewing of the originals as foreseen in Question 3.

5. Would you kindly forward me a legally certified copy of the “Terms and Conditions” under which this Loan was made and held to be in force at the time of its origination? Any reasonable expenses incurred by your institution will, of course, be recompensed swiftly.

Will be interesting to see what response I get. I sent the letter Recorded Deliver to the CEO.

[ceylon]

5 they may just send the latest version and not the original

[Lawrence]

I am also in dispute with the Mortgage company and have lodged a formal complaint with the Financial Ombudsman. I forwarded a copy of my Document Request letter to the Financial Ombudsman as well, so that both are aware that they are being watched very closely.

[boothstowndave]

Hi Lawrence,
I am looking to give my bank a big headache soon, but i'm also new to this.

I think you also need to ask the bank if they have suffered any loss, as it was you who created the funds when you signed the mortgage agreement ( promissory Note ), which they then sell, or claim the funds from your CQV Trust which is owned by the U.K Corporation LTD. So what is the consideration in the lawful contract. It seems that they don't give us any of their funds and they have not expained this to you. = FRAUD.

I think that's how it works.

Wish you luck Mate.