Question for any Mortgage people

Jan 02, 2006 22 Replies

What "lying in court" are you suggesting?

The arrangement would be that interest is payable at "unsecured rates" if the new lender doesn't have a charge on your property, and at "secured rates" if they do have a charge on the property. Also, that the lender will immediately take you to court if you don't make any due payments. [Those seem reasonable Terms&Conditions, don't they?]

You (deliberately) miss all payments until the charge has been placed on the property. As you are not making payments, the new lender takes you to court. Seeing that you *have* missed all the payments, and you tell the court that you'll continue not to pay the (unsecured) loan, then they grant the charge...

Where's the lying?!!

In message , Tim writes

Well shall we say 'economical with the truth/' :-)

"john boyle" wrote

Well, this *is* a "finance" newsgroup - so being 'economical' does seem appropriate... ;-)

Join the Discussion

Have something to add? Share your thoughts — no account required.

Didn't find your answer?

Ask the community — no account required