Mortgage Express

[enright007]

Hi everybody just joined having problems with Mortgage Express and the conduct of the recievers that they have appointed

[Surinder]

Re: Mortgage Express

same here - some questions for you all out there:

• Has anyone experienced a debt forgiveness or mortgage write off with Mortgage express? I appreciate that this may be a confidential arrangement
• Why don't we all club together for a class action against Mortgage Express? That should wake them up as surely with the number of problems with the appointment of LPA receivers and their relative lack of experience in managing out the properties successfully and selling for huge shortfalls thru agents out of area, etc....

[Surinder]

Re: Mortgage Express

why dont we all take out a class action against Mortgage Express?

[enright007]

Re: Mortgage Express

Hi Surinder,
I would be interested in a class action against mortgage express.

[princess1978]

Re: Mortgage Express

Hello there,

yes we are having a lot of problem with them. They are rude, our properties are empty and they are letting tenants leave early when they are not allowed to without giving adequate notice!

Which LPA firm have other people had instructed on their properties? We have Begbies-Traynor.

Princess

[PlanB]

Re: Mortgage Express

The Ombudsman has already ordered some mortgage lenders to pay compensation for selling properties at below market value following repossession and the same approach should apply to properties taken into receivership and sold or badly managed:

http://www.financial-ombudsman.org.u...n-disputes.htm

I have a residential mortgage with Mortgage Express and had a complaint upheld by the Ombudsman which resulted in an £8k refund for overpaid interest and a £600 reduction in my monthly payments. This ruling could effect all customers whose loans originated with GMAC (Buy-to-Let and residential) and were sold on to Mortgage Express who then charged a lower Standard Variable Rate for its "organic" customers when they came off the introductory fixed rate, and double the amount for ex-GMAC customers. There are thousands who are being overcharged.

It looks as though Mortgage Express would like me to keep this quiet and when I got into arrears they immediately issued possession proceedings. The case was dropped and after a second complaint to the FOS I had a refund of the overcharged legal fees. So Mortgage Express are not my favourite creditor right now even though they didn't get to take my home off me :nono:

As a direct result I have been planning a group action against them and have been collecting a list of victims. All that's needed now is to find a solicitor willing to take this on with a CFA

[RAF525]

Re: Mortgage Express

same here - some questions for you all out there:

• Has anyone experienced a debt forgiveness or mortgage write off with Mortgage express? I appreciate that this may be a confidential arrangement
• Why don't we all club together for a class action against Mortgage Express? That should wake them up as surely with the number of problems with the appointment of LPA receivers and their relative lack of experience in managing out the properties successfully and selling for huge shortfalls thru agents out of area, etc....

Count me in for class action against Mortgage Express

[RAF525]

Re: Mortgage Express

same here - some questions for you all out there:

• Has anyone experienced a debt forgiveness or mortgage write off with Mortgage express? I appreciate that this may be a confidential arrangement
• Why don't we all club together for a class action against Mortgage Express? That should wake them up as surely with the number of problems with the appointment of LPA receivers and their relative lack of experience in managing out the properties successfully and selling for huge shortfalls thru agents out of area, etc....

Count me in for class action against Mortgage Express

[kerryblue53]

Re: Mortgage Express

Hello I have an issue with Mortgage Express they will not extend my term or sell the business on. Not treating us fairly. I would like to start a petition to the Financial Conduct Authority. I have sent a letter to them with 3 examples so far. I need many more.

[RAF525]

Re: Mortgage Express

Hi everybody just joined having problems with Mortgage Express and the conduct of the recievers that they have appointed

Yes! I have and continue to incur many problems with them all including Drysdenfairfax Solicitors.

Class Action could be the way forward and if we have the collective evidence I have a Barrister who would consider to takethem on

Regards

RAF

- - - Updated - - -

Can you please expand your issues with ME.

[RAF525]

Re: Mortgage Express

I have a number of good Solicitors that I can vouch for however we have to be mindful of costs and be clear and in agreement with any proposal Class Action intended

Kind Regards

RAF

[RAF525]

Re: Mortgage Express

Let us group together and access how much money is available I am willing to consider to take the lead subject to cooperation. We have to draft out our Particulars of Claim carefully and ensure that the respective potential claimants are not time barred.

I look forward to your respective response.
RAF

[RAF525]

Re: Mortgage Express

I am willing to facilitate an initial meeting in London near Bond Street Station to discuss, agree and understand the respective issues and have a solicitor/s present.

I look forward to hearing from one and all.

Best Regards

RAF

[Darrenj1210]

Re: Mortgage Express

[QUOTE=RAF525;550677]I am willing to facilitate an initial meeting in London near Bond Street Station to discuss, agree and understand the respective issues and have a solicitor/s present.

I look forward to hearing from one and all.

Best Regards I am in the same boat with MX they have got rid of a good Tennant through LPA and are now selling my property over less than 2 months mortgage which I wanted to pay I told them it Was illegal and I was taking house back so they've bordered it up they try there very best to take house off without court order and there's no one stopping them they should be regulated there crooks I have just found out that they have been charging me too much interest

[Diana M]

Re: Mortgage Express

[QUOTE=Darrenj1210;686890]

I am in the same boat with MX they have got rid of a good Tennant through LPA and are now selling my property over less than 2 months mortgage which I wanted to pay I told them it Was illegal and I was taking house back so they've bordered it up they try there very best to take house off without court order and there's no one stopping them they should be regulated there crooks I have just found out that they have been charging me too much interest

Can you provide a little more information about your situation.

This isn't the first time I've heard about the Mortgage Express acting in a heavy-handed way and not always lawfully either.

Di