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Hi all,
I would like to ask you, if you may be able to assist me, almost 4 years ago, I was selling my house (to downsize), a buyer agreed to purchase subject to me completing works that were required to the house, the buyers broker arranged a bridging loan via another broker, the contract stated it was “subject to special conditions” that being a survey being done by the company, they never did a survey.
On the day of sale, the “buyer, he’s solicitor and broker” all disappeared, leaving me with a second charge.
It came to light the 3 were involved in fraud, they took funds from another lender (apparently also on other properties as well).
The second charge company took me to court, they hired some hot lawyers from the city, It came to light that the company didn’t have a consumer credit licence, and the directors had previously been involved in fraud.
The courts awarded them my property, my family and I had to rent a property.
They have never sold the house, the house was used as a drugs factory, again, this also links to the previous history of one of the directors.
There was over £500,000.oo equity in the property, and as of today, they wont talk with me and have destroyed the house.
The original loan was £125k, they know requesting £2million back.
Hope to hear from you.
I would like to ask you, if you may be able to assist me, almost 4 years ago, I was selling my house (to downsize), a buyer agreed to purchase subject to me completing works that were required to the house, the buyers broker arranged a bridging loan via another broker, the contract stated it was “subject to special conditions” that being a survey being done by the company, they never did a survey.
On the day of sale, the “buyer, he’s solicitor and broker” all disappeared, leaving me with a second charge.
It came to light the 3 were involved in fraud, they took funds from another lender (apparently also on other properties as well).
The second charge company took me to court, they hired some hot lawyers from the city, It came to light that the company didn’t have a consumer credit licence, and the directors had previously been involved in fraud.
The courts awarded them my property, my family and I had to rent a property.
They have never sold the house, the house was used as a drugs factory, again, this also links to the previous history of one of the directors.
There was over £500,000.oo equity in the property, and as of today, they wont talk with me and have destroyed the house.
The original loan was £125k, they know requesting £2million back.
Hope to hear from you.
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