Banks have already been forced to pay out billions in compensation for mis-selling payment protection insurance (PPI), proven in the court of law. The latest scandal which is potentially about to hit the financial sector is mortgage securitisation. This could affect millions of UK homeowners and buy to let landlords where it would appear that 80 % of UK borrowers may have had their mortgage sold, transferred or assigned to somewhere else without them being aware that this is happening.
DO YOU KNOW?
There is an eighty percent chance that your mortgage was sold, transferred or assigned to a third party without your consent under the process called 'Mortgage Securitisation'.
If this has happen to you, there is a possibility that your mortgage lender has already been reimbursed. If the bank/lender has been paid in full, how can they retain both the Legal and Equitable Title to your mortgage? We believe that this cannot be the case.
The banks have already been questioned on unjust practices and forced to pay billions in compensation for mis-selling Payment Protection Insurance (PPI). They now face a comparable position with mortgage securitisation and its impact on the borrower.
WHAT COULD THIS MEAN FOR YOU?
If your mortgage has been securitised and the lender has been paid in full, in tern the bank/lender does not have the legal and equitable right to hold a valid charge on your property. You are then entitled to either have the charge removed or receive an indirect benefit equal to any mortgage outstanding at the time of settlement.
Knowing this, how can you still owe them any money?
In theory, you may technically owe it to someone of whom you have no knowledge, but that is for that third party to prove.
WHAT YOU NEED TO DO?
Come along to the Clear Your Mortgage seminar on Wednesday 29th March 2017 at 7.00pm to learn more on how you can challenge your lender and have up to 70% written off your mortgage. We encourage all UK homeowners to come to this FREE event.