Another case won from repossession
July 19, 2011 5 Comments
I had a case in court yesterday of a woman with a severely autistic son whose hubby had left them in the shit with mortgage arrears. We maximised her income so she could afford to pay the mortgage plus the necessary figure off her arrears.
The lenders barrister thought it was fine and phoned the bank while we were in court. the bank said they wanted total Possession unless she could clear the arrears within 6 months. Even before 1996 you only had to show you could clear the arrears in 2 years.
He looked really embarrassed telling me this nonsense.
We went before the judge who accepted the offer and he wasn’t best pleased with the bank’s stance.
Why do banks take these positions when it is against the MCOB rules?
Related articles
- UK Data: Mortgage Repossessions Rise In Q1 – CML (forexlive.com)
- Number of repossessions rise amid cutbacks (telegraph.co.uk)