Alex Dring

Mortgage Express have returned the property after six months, it took another month to find and let the flat so a rental loss of 7 months. As this is a buy to let mortgage it is not regulated and the FCA so mortgage companies can do what they like, there is no protection for the general public.

One tip I would recommend is that the borrower needs to write to MEX or any other mortgage company with a Subject Access Request (SAR). You will have to pay a small fee of usually £10, when you have paid this the mortgage company will send you all of your file records. The advantage is you see all of the diary notes and can see who's idea it was to sell your property so when the mortgage company say it was not their idea and they have no control and are not responsible you have the evidence to show this was not the case.

If you are lucky enough to be able to afford a good solicitor then you are able to stop Mortgage Express or any other mortgage company bankrupting you but if you can not afford a solicitor there is no other help. If one mortgage company can act in this way they all can and do not have to adhere to any principles of business or duty of care to their customers. The fact that it appears it was the government that ordered Mortgage Express to try and end as many mortgage contracts as possible is a scandal and needs to be exposed in the media.... Read More

... Read More

... Read More