Richie1974
Registered User
- Messages
- 15
They were perfectly entitled to sell your mortgage whether it was a home or a buy to let.
The appointment of a Receiver appears to be an error but it's not clear how this actually affected you.
There is a power to appoint a receiver presuming the mortgage is a pre-2009 mortgage. All of the main bank mortgages contain provisions to that effect.
Dazzler, Correct me if I am wrong. But when the receiver was appointed it’s pretty much game over, the advice I was given is that if I attempted to remove tenants , take the rent, move back in I could easily of found myself in court.to move back home I had to challenge the appointment of the receiver, which was done but they took no notice.
As for pre 2009 power to appoint a receiver to PDH May be something I need to look more into.
Maybe I don’t understand this correctly, is it the case that a receiver can be appointed for pre 2009 contracts even if the power to appoint is not in the contract,but the demand for debt had to be called in pre 2009 too ?
Would Vulture funds not be appointing receivers to all 2009 loans if it could to save them going to court
Never heard of this before. The power to appoint a receiver only applies to properties that were bought to let. And the power to appoint has to be mentioned in the loan agreement.
And yes receiver was collecting rentThank you.Its a huge relief knowing I can move home again when I chose
I had written to UB for compensation and they replied with an insulting amount.
I have a professional who will be lodging a complaint with the FSPO.
I will also be seeking advice with regards to Asset Services , as in my opinion they knowingly kept an illegal receiver in place.
If need be I will bring them to the FSPO (subject to advice) unless they compensate me in debt relief .
The appointment of a Receiver appears to be an error but it's not clear how this actually affected you. They presumably collected the rent. They can fix all this financially.
I had planned on moving home in 2017 but due to the appointment of the receiver I was not able to, that too me is my biggest issue and also the fact that ccma was not applied .
Thank you.Its a huge relief knowing I can move home again when I chose
I had written to UB for compensation and they replied with an insulting amount.
I have a professional who will be lodging a complaint with the FSPO.
I will also be seeking advice with regards to Asset Services , as in my opinion they knowingly kept an illegal receiver in place.
If need be I will bring them to the FSPO (subject to advice) unless they compensate me in debt relief .
if I pay off the arrears and full monthly payments there is very little they can do to take house of me?
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