Judgement Mortgage What info are consumers to be told

[Mercman]

If a Judgement Mortgage has been placed against one's property. Is the Financial Institution meant to advise the person concerned annually with interest incurred etc ?

 

[mf1]

In one word, no.
Courts Act interest will accumulate until the Judgment Mortgage expires or is paid.

mf

 

[Mercman]

In one word, no.
Courts Act interest will accumulate until the Judgment Mortgage expires or is paid.

mf

Many thanks for your reply. We were handed a judgement mortgage in 2017. Since that date neither of us have received statement of what we owe. I offered to sort it out via Solicitor and Barrister over a 7 year period, but was told they wanted it all or nothing. Strangely the Bank owe me more in an order from the FSO but they haven't complied with it
Comments please.