Posted on April 12, 2008 by repossessions
The threat of negative equity however is now a very real one and millions of people will find it impossible to refinance their mortgages and will be forced onto their lenders’ top standard variable rates.
Filed under: Form n244, Kensington, Land Registry, cash property buyers, citizens advice bureau, debt advice, divorce, homeless, housing market crash, mortgage approvals, mortgage arrears, negative equity, recession, repossession, sell and rent back, sub prime, sub prime lenders, uk house prices, uk interest rates, uk remortgage | Tagged: house prices crash, morgage, mortgage arrears, neqative equity, remorgage, repossession, uk houses, uk remortgage | 1 Comment »
Posted on January 9, 2008 by repossessions
For those following the previous posts regarding the abuse of the Unilateral Notice system with the UK Land Registry and Welcome Finance, there has finally been a happy ending in this case.
Following a previous posting of this story we were contacted by John Harley, one of the moderators of Consumer Credit Support who told us [...]
Filed under: Land Registry, debt advice, homeless, repossession, sub prime lenders | Tagged: consumer credit support, Land Registry, repossession, stephensons, UN4, Unilateral Notice, Welcome Finance | Leave a Comment »
Posted on December 13, 2007 by repossessions
This week we had a call from a concerned mother in Nottinghamshire regarding her daughter.
Married with 2 children, the daughter’s husband had not only moved out of their home but had also stopped paying their mortgage payments for over three months, which triggered the inevitable repossession threat and legal letters from their mortgage lender.
The daughter, [...]
Filed under: Land Registry, debt advice, divorce, repossession, sub prime lenders | Tagged: , divorce, Land Registry, reposesion, repossession | Leave a Comment »
Posted on December 11, 2007 by repossessions
From BBC 11/12/2007
“Many experts are predicting that the housing market will slow
Home loans became even more expensive to re-pay in October because of higher interest rates and rising house prices, the Council of Mortgage Lenders said.
The CML said that interest repayments swallowed up 20.6% of first-time buyers’ monthly incomes.
That was up from 20.4% in September [...]
Filed under: Land Registry, mortgage approvals, repossession, sub prime lenders, uk house prices, uk interest rates, uk remortgage | Tagged: CML, David Cameron, house prices, mortgage lenders, reposesion, repossession | Leave a Comment »
Posted on December 5, 2007 by repossessions
The FSA told UK mortgage lenders this week to expect a massive rise in repossessions and defaults on payments.
In a twist whose irony will not be lost of the tens of thousands of UK victims of home repossession, many lenders are now in trouble and unable to refinance their debts, in the same way that [...]
Filed under: Land Registry, debt advice, repossession, sub prime lenders, uk remortgage | Tagged: jodi berg, Land Registry, repossession, UN4, Unilateral Notice, Welcome Finance | Leave a Comment »
Posted on December 5, 2007 by repossessions
As a follow up to our previous post about Welcome Finance placing a Unilateral Charge on the property of someone who they claim owes them money, we have further news about the Land Registry refusing to remove a unilateral notice despite the fact that the law clearly states that the beneficiary of the notice (in [...]
Filed under: Land Registry, debt advice, mortgage approvals, repossession, sub prime lenders, uk remortgage | Tagged: Land Registry, repossession, UN4, Unilateral Notice, Welcome Finance | Leave a Comment »
