31/10/2011 
lrs_keeper 
Forum Discussions:
Log In
Register
Home
Add Reply
Add Topic
Topic RSS
Related Topics
9:09 am
QuoteI wonder if the lawyers for the Seller were not involved as they are required to identify the client?
I would have thought Donna's mortgage company would also want to investigate as they to may have claims particularly against the solicitor who no doubt acted for them and Donna on the transaction. The SRA and the Solicitors Compensation fund should probably also be involved as I would have thought claims can be made against them.
An awful situation but these scams have been going on for a good few years now. Certainly a number of solicitors firms have been hit. Normally not been a problem for Owner Occupiers (who are actually in occupation) but has particularly hit BTL's hence the offer by the Land Reg to register RX1 for free to save them from compensation claims.
6:41 pm
12/10/2011
Offline
Yes Paul I absolutely agree with you BUT and it is a big but; we know the system is unfair.
To ensure assets are put out of an OR grasp is surely an appropriate safeguard to get them in other peoiples's names or have charges or 2nd interests applied.
In the event of buying a stolen car you don't get your money back from the police do you?
Natural justice should result in Donna NOT having to be liable for a single penny of loss caused by the fraudster.
Indeed Donna has her own losses aswell caused by the purchase process of the property.
Will the LR or solicitors or lender pay out or remove her from any liabilty to pay the outstanding mortgage?
That is the question.
Who will compensate her for all her losses?
Personally I would be inclined to work on the worst case scenario as invarably that occurs.
She should stop making ANY mortgage payments and see what the lender does.
Also she should try and ascertain what would happen in the event she is deemed to be still liable for the mortgage debt even though she has no security of the property itself as she will no longer and does no longer own it.
To draw an analogy you could buy a stolen car with a car loan which you would still have to pay back even after the car has been recovered by the police.
To transfer assets into other peoples names is a preventative measure to avoid still suffering further losses.
The banks don't care and they will come after her assets if she is deemed still liable for the loan.
Common sense and practicality surely must reign, but you can't trust the system to behave in an appropriate fashion.
The law and natural justice are 2 different things.
And yes I am afraid society is in a worse state than you might of thought
You more than probably anyone else in the country, in particualar relating to LL and tenants can clearly see that there is no natural justice and LL are being stuffed by the system all the time.
I am surprised that you are not convinced of the state of society, purely based on the actual evidence of things you are coming across on a daily basis.
9:45 pm
09/04/2012
Offline
IMO i would agree with Richard as i mentioned before. The Solicitor has liability cover for this, claim, then let them chase the land registry! I know it sounds simple and im sure its not but good luck!!
Consistently Setting New Standards!
http://www.evolutionlettings.com supporting landlordreferencing.co.uk
11:19 am
20/04/2012
OfflineKirsty said:
Hi Mary,
This stinks the vendor in these cases is the first suspect as is the family in a murder case, Take it from me when this sort of thing happens there is always a close connection to the vendor.
I have been involved in criminal activity and have a landlord for over 18 years and most of these crimes lead back to one place the owners boots on the door step.
Thank you Mary. Its a long hard battle and I hope it all works out in the end
11:26 am
20/04/2012
OfflineKirsty said:
Hi Mary,
This stinks the vendor in these cases is the first suspect as is the family in a murder case, Take it from me when this sort of thing happens there is always a close connection to the vendor.
I have been involved in criminal activity and have a landlord for over 18 years and most of these crimes lead back to one place the owners boots on the door step.
Hi Kirsty
Yes I must say that this has gone through my mind, however Police have been involved and they say that the vendor is innocent, I have other thoughts on this but need to becareful what I say. The Land Registry are trying the "Real Owner" as the victim and is not looking at me and my friend who brought the house as victims of the fraud too, which of course we are because we brought the property in good faith and have taken a mortgage out on the property
11:29 am
20/04/2012
Offlinemary latham said:
Donna and I talked about this Kirsty. I wonder if you are right. The money has now gone out of the country, Donna has a mortgage and the owner still owns the property – neat crime!!!!
Donna please report back on this thread because we need to know how its ends.
I think Kirsty maybe right, but Police have been involved and they have found the fraudster and he has been sent to jail for two years, but when released he will be deported back to pakistan probably with the money waiting for him.
11:47 am
20/04/2012
OfflinePaulBarrett said:
As Donna has agreed; EVERY homeowner in the UK should have completed LR form RX1, Application to enter a restriction.
Also to register up to I think 6 contact addresses, including email on relevant forms.
Info is available on the LR website.
I have to say I have not yet completed all LR protective measures.
So few homeowners are aware of the vulnerability to the legal title of their property.
I have recently voluntarily applied 2nd interests in favour of 3rd parties.
I received info in the post and to my 2 email adresses that I registered.
Therefore if there was something dodgy going on I would have been able to contact LR and stop what was occurring.
Every homeowner who does not have these 2 LR protective measues in place IS at the same risk as Donna of losing a legal title of a property you thought you had bought.
As it is FREE to register this info with LR why wouldn't you wish to do it!?
I think there is a case if one doesn't presently exist for an insurance policy to cover this risk
There is a similar one for I believe Chancellory costs from churches
With the prevalence of ID fraud etc LL are extremely vulnerable to this type of fraud.
Indeed I think it should be compulsory for every homeowner to register with LR these details.
I have ensured that ALL correspondence relating to ANY of my properties is ONLY sent to my LR registered address.
The big risk is that just like buying a car that you find is stolen; you lose everything.
Donna faces a possible risk of owing a large mortgage debt but with no property to show for it.
Bankruptcy might be the only solution if insurances don't pay out.
Possibly Donna should transfer assets into other names just incase bankruptcy looms
Hi Paul
Yes I wish I had know about the extra restrictions before, but even if I did it won't have stopped what has happened to me because me and my friend where the buyer of the house, it was the real owner of the house that would of needed the extra restrictions on the title deed in order to stop this. I think that the real owner may of been involved anyway, but I have to be careful what I say around this.
The fraudster of the transaction has been caught and sent to jail for 2 years when he is released he will be deported back to Pakistan.
I have found out since that people buying houses can take out an Insurance policy to protect them against ID Fraud, here is the information:
Home Owners Protection Policy - http://www.firsttitleinsurance.eu/hopp/ when people are buying a property to get this insurance they must speak to their conveyancing solicitor about this.
The last thing that I will do is go bankrupt. Whats really hard is that when this property was offered to me by a person that I know and trust I asked my best friend to buy it with me, so I now feel that I have dragged her into this too. If we end up with £110k debt I will ensure that I find the money from somewhere to cover this and will not go bankrupt. Its a scary thought and I hope that doesn't happen, we are the victims here, we brought a property in good faith, took out a mortgage and used a respected conveyancing solicitor to do the transaction, what else can the general public do when buying a house to cover themselves. the only extra thing that I have learnt is that you can take out ID fraud Insurance, and this should be made more aware to everyone.
11:51 am
20/04/2012
OfflinePaul Routledge said:
I think we can help Donna a bit better than suggesting she goes bankrupt.
She has been the victim of a crime and through no fault of her own, if we start suggesting that the rewards for being a honest person who falls prey to con-artists is to declare ourselves bankrupt our society is in worse shape than I thought.
I think Richard & I are in agreement here, someone is to blame and someone is accountable and that is not Donna so either the land registry has a very big system failure or the solicitors on one or both sides have missed something which was flagged up.
Help keep Landlordreferrencing.co.uk free try our:
Thanks Paul.
It is really really stressful as it is and thought of losing everything makes me feel physically sick. There are alot of letters flying around at the moment between my solicitor and the Land Registry so I hope to have some further news on this in the next few weeks.
At the moment I am fighting hard with the Land Registry for them to sort this out. I will keep this post updated as soon as I hear anymore information.
Thank you
11:55 am
20/04/2012
OfflineDavid said:
I wonder if the lawyers for the Seller were not involved as they are required to identify the client?
I would have thought Donna's mortgage company would also want to investigate as they to may have claims particularly against the solicitor who no doubt acted for them and Donna on the transaction. The SRA and the Solicitors Compensation fund should probably also be involved as I would have thought claims can be made against them.
An awful situation but these scams have been going on for a good few years now. Certainly a number of solicitors firms have been hit. Normally not been a problem for Owner Occupiers (who are actually in occupation) but has particularly hit BTL's hence the offer by the Land Reg to register RX1 for free to save them from compensation claims.
Hi David
No the lawyers seller was not involved. They are know in the area as very reputable and they have since had a full audit to check that they do everything correctly.
If I dont have any joy from the Land Registry I will have no alternative but to sue the conveyancing solicitor.
The has been around for a few years, but is increasing each year and I know that the Land Registy is trying to help but I think the conveyancing system still has to be made more robust to bring it in line when the electronic title deed was available for the general public to download.
12:02 pm
20/04/2012
OfflinePaulBarrett said:
Yes Paul I absolutely agree with you BUT and it is a big but; we know the system is unfair.
To ensure assets are put out of an OR grasp is surely an appropriate safeguard to get them in other peoiples's names or have charges or 2nd interests applied.
In the event of buying a stolen car you don't get your money back from the police do you?
Natural justice should result in Donna NOT having to be liable for a single penny of loss caused by the fraudster.
Indeed Donna has her own losses aswell caused by the purchase process of the property.
Will the LR or solicitors or lender pay out or remove her from any liabilty to pay the outstanding mortgage?
That is the question.
Who will compensate her for all her losses?
Personally I would be inclined to work on the worst case scenario as invarably that occurs.
She should stop making ANY mortgage payments and see what the lender does.
Also she should try and ascertain what would happen in the event she is deemed to be still liable for the mortgage debt even though she has no security of the property itself as she will no longer and does no longer own it.
To draw an analogy you could buy a stolen car with a car loan which you would still have to pay back even after the car has been recovered by the police.
To transfer assets into other peoples names is a preventative measure to avoid still suffering further losses.
The banks don't care and they will come after her assets if she is deemed still liable for the loan.
Common sense and practicality surely must reign, but you can't trust the system to behave in an appropriate fashion.
The law and natural justice are 2 different things.
And yes I am afraid society is in a worse state than you might of thought
You more than probably anyone else in the country, in particualar relating to LL and tenants can clearly see that there is no natural justice and LL are being stuffed by the system all the time.
I am surprised that you are not convinced of the state of society, purely based on the actual evidence of things you are coming across on a daily basis.
Hi Paul
All of the above has gone through my mind. Along with the car scenario, however the only thing that gives me hope is the difference is when you buy a house solicitors are involved, but when buying a car there isn't.
I do fully understand tho what you are saying, but in this particular case it also involves my friend, if it was just me on my own, I wouldn't feel as bad as I do. We are not going to stop paying the mortgage as we do not want our credit file damaged.
Whats the best way of transferring assets into a different name?
Donna
12:04 pm
20/04/2012
Offlinemary latham said:
I met Donna at one of my seminars this week. I was shocked to hear her story and I am so glad that she has the courage to fight as she has for 3 YEARS now. Please visit Donna site (see her post above) and sign her petition. One would think that Money Laundering regulation would prevent this happening but it seems not.
Well done Donna for fighting for your rights and for raising awareness of something that could happen to anyone. I wish you luck bringing this to a satisfactory close in the VERY near future.
Hi Mary, just to let you know I have been fighting it since January 2011.
I will keep the post updated with what happens and I really hope that it will be good news.
4:32 am
12/10/2011
Offline
Donna said:
PaulBarrett said:
Yes Paul I absolutely agree with you BUT and it is a big but; we know the system is unfair.
To ensure assets are put out of an OR grasp is surely an appropriate safeguard to get them in other peoiples's names or have charges or 2nd interests applied.
In the event of buying a stolen car you don't get your money back from the police do you?
Natural justice should result in Donna NOT having to be liable for a single penny of loss caused by the fraudster.
Indeed Donna has her own losses aswell caused by the purchase process of the property.
Will the LR or solicitors or lender pay out or remove her from any liabilty to pay the outstanding mortgage?
That is the question.
Who will compensate her for all her losses?
Personally I would be inclined to work on the worst case scenario as invarably that occurs.
She should stop making ANY mortgage payments and see what the lender does.
Also she should try and ascertain what would happen in the event she is deemed to be still liable for the mortgage debt even though she has no security of the property itself as she will no longer and does no longer own it.
To draw an analogy you could buy a stolen car with a car loan which you would still have to pay back even after the car has been recovered by the police.
To transfer assets into other peoples names is a preventative measure to avoid still suffering further losses.
The banks don't care and they will come after her assets if she is deemed still liable for the loan.
Common sense and practicality surely must reign, but you can't trust the system to behave in an appropriate fashion.
The law and natural justice are 2 different things.
And yes I am afraid society is in a worse state than you might of thought
You more than probably anyone else in the country, in particualar relating to LL and tenants can clearly see that there is no natural justice and LL are being stuffed by the system all the time.
I am surprised that you are not convinced of the state of society, purely based on the actual evidence of things you are coming across on a daily basis.
Hi Paul
All of the above has gone through my mind. Along with the car scenario, however the only thing that gives me hope is the difference is when you buy a house solicitors are involved, but when buying a car there isn't.
I do fully understand tho what you are saying, but in this particular case it also involves my friend, if it was just me on my own, I wouldn't feel as bad as I do. We are not going to stop paying the mortgage as we do not want our credit file damaged.
Whats the best way of transferring assets into a different name?
Donna
Donna I fully appreciate why you would not wish to go bankrupt.
However you have to accept, you might not win the case.
Irrespective of your friend you need to stop throwing good money after bad.
I think you need to have a conversation with your lender and explain the situation.
I suggest you suggest to them that you will no longer service the mortgage on the property as you no longer own the property.
However you suggest to them that you will put the monthly mortgage payments aside; such that in the event of legal title being given to you or you receive compensation from whoever you will reimburse the mortgage lender all the payments you would have made plus extra to take into account extra interest charged due to the monthly mortgage payments not being made.
This you will be part of your claim which should put you in the position of not having suffered any loss as a result of the illegal sale.
This also goes for all the other parties involved.
They should be put in such a position that none of them will have effectively suffered any los.
It is going to be a massive claim!!
If your mortgage lender gets snotty about the situation, you just say tough and you will not be paying anymore.
But adviser them you will put the mortgage payments aside until the claim is concluded.
They can then see that you have every intention of paying the mortgage but not for a property you do not technically own.
Suggest you open a separate savings account so you can prove to the lender that you do have ring-fenced funds to pay the mortgage.
Possibly send a statement update monthly to validate that you are paying the monthly mortgage payment, just not to them!
Bankruptcy I am afraid is if you are unsuccesful in your claim the only realistic option for you.
You would be discharged after 1 year.
However for a residential mortgage a lender may attempt recovery from you 12 years after default.
You really need to speak to a FREE debt management organisation like national debtline.
Info on the internet.
Any assets in your name like a car put in parent's names.
Any high value goods draw up a rental agreement with a friend to prove to a bailiff that the gooods aren't yours.
Ensure that any wages you earn are just enough to afford your outgoings to prove to an OR that AOE is of no use as you have nothing left out of your income after all normal outgoings.
You need to show that you live like a churchmouse but you still have nothing left over as things are so expensive.
Best way of losing a load of your income is to have a large rent payment monthly.
I'm sure someone can give you a rent agreement for what would be required.
I already do this for a close family relation.
Prove that they don't pay me, you can't and neither can an OR.
If you have to attend a bankruptcy court go as a churchmouse, all dowdy, no jewellery and not all glamorous like in your photo!!!!
If you have any other property in your name you either need to sell it or have 2nd charges or interests applied.
I am not sure though how effective that maybe in the event the OR is involved.
National debtline are people you must speak to as otherwise your circumstnaces could be even worse than at present if you do nothing.
Somebody did say to me plan for the worst and hope for the best.
My sentiments to you unfortunately.
I think perhaps a conversation with the Law Society etc about this situation.
They may be able to give you a more generic heads up as to where you stand re lawyers liability.
I think if I am ever involved in property purchase again, highly unlikely as I am technically bankrupt!!; I will definitely take out one of thse id insurance policies you referred to.
I am surprised solicitors don't recommend such as it could prevent a claim being made agains their liability insurance!!
With the subsequent increase the following year in their liability insurance premiums!!!?
This is even more crucial as you are absolutely correct that if the seller does not have the LR protections in place, the buyer has no way of knowing whether these are in place and ends up a victim with semingly no recourse.
I bet now you wouldn't purchase a property until the seller could prove that they had completed form RX1 and arranged for ALL coomunications to be sent to one address along with an email address.
Also along with some id insurance.
I have certainly learnt these things from you, so thanks for that!!!
If it is possible you should consider buying a property on a BTL on a fixed rate which then proceeds onto the cheapest BOE tracker rate for about a 35 year term if you can get it.
Whatever you can afford to pay in rent is the rent that your BTL property will be 'rented' out for.
Make sure 2nd charges or interests are applied to the mortgage for say £200000.00 but only AFTER the mortgage has completed.
Your parents or very close associates have lent you loads of money over the years haven't they!?
I owe my mum £400000.00 and a friend £90000.00, all secured as 2nd interests on my properties.
I owe £290000.00 to creditors, guess what? they are not going to be paid.
5 more years to go and my debts will be statute barred!
Chances of my properties being worth another £100000.00 each in 20 years time
ZERO.
So you MUST protect yoursell, don't think that there is justice out there; there isn't.
My debt problems were caused by criminal tenants and wrongun associates.
But it doesn't really matter how they were caused.
I was in a similar position as yours and I have protected myself form these debt issues which were not my fault.
You should really do the same.
See natiinal debtline for full explanation, they are very heplful.
,
4:32 am
12/10/2011
Offline
Donna said:
PaulBarrett said:
Yes Paul I absolutely agree with you BUT and it is a big but; we know the system is unfair.
To ensure assets are put out of an OR grasp is surely an appropriate safeguard to get them in other peoiples's names or have charges or 2nd interests applied.
In the event of buying a stolen car you don't get your money back from the police do you?
Natural justice should result in Donna NOT having to be liable for a single penny of loss caused by the fraudster.
Indeed Donna has her own losses aswell caused by the purchase process of the property.
Will the LR or solicitors or lender pay out or remove her from any liabilty to pay the outstanding mortgage?
That is the question.
Who will compensate her for all her losses?
Personally I would be inclined to work on the worst case scenario as invarably that occurs.
She should stop making ANY mortgage payments and see what the lender does.
Also she should try and ascertain what would happen in the event she is deemed to be still liable for the mortgage debt even though she has no security of the property itself as she will no longer and does no longer own it.
To draw an analogy you could buy a stolen car with a car loan which you would still have to pay back even after the car has been recovered by the police.
To transfer assets into other peoples names is a preventative measure to avoid still suffering further losses.
The banks don't care and they will come after her assets if she is deemed still liable for the loan.
Common sense and practicality surely must reign, but you can't trust the system to behave in an appropriate fashion.
The law and natural justice are 2 different things.
And yes I am afraid society is in a worse state than you might of thought
You more than probably anyone else in the country, in particualar relating to LL and tenants can clearly see that there is no natural justice and LL are being stuffed by the system all the time.
I am surprised that you are not convinced of the state of society, purely based on the actual evidence of things you are coming across on a daily basis.
Hi Paul
All of the above has gone through my mind. Along with the car scenario, however the only thing that gives me hope is the difference is when you buy a house solicitors are involved, but when buying a car there isn't.
I do fully understand tho what you are saying, but in this particular case it also involves my friend, if it was just me on my own, I wouldn't feel as bad as I do. We are not going to stop paying the mortgage as we do not want our credit file damaged.
Whats the best way of transferring assets into a different name?
Donna
Donna I fully appreciate why you would not wish to go bankrupt.
However you have to accept, you might not win the case.
Irrespective of your friend you need to stop throwing good money after bad.
I think you need to have a conversation with your lender and explain the situation.
I suggest you suggest to them that you will no longer service the mortgage on the property as you no longer own the property.
However you suggest to them that you will put the monthly mortgage payments aside; such that in the event of legal title being given to you or you receive compensation from whoever you will reimburse the mortgage lender all the payments you would have made plus extra to take into account extra interest charged due to the monthly mortgage payments not being made.
This you will be part of your claim which should put you in the position of not having suffered any loss as a result of the illegal sale.
This also goes for all the other parties involved.
They should be put in such a position that none of them will have effectively suffered any loss.
It is going to be a massive claim!!
If your mortgage lender gets snotty about the situation, you just say tough and you will not be paying anymore.
But advise them you will put the mortgage payments aside until the claim is concluded.
They can then see that you have every intention of paying the mortgage but not for a property you do not technically own.
Suggest you open a separate savings account so you can prove to the lender that you do have ring-fenced funds to pay the mortgage.
Possibly send a statement update monthly to validate that you are paying the monthly mortgage payment, just not to them!
Bankruptcy I am afraid is if you are unsuccesful in your claim the only realistic option for you.
You would be discharged after 1 year.
However for a residential mortgage a lender may attempt recovery from you 12 years after default.
You really need to speak to a FREE debt management organisation like national debtline.
Info on the internet.
Any assets in your name like a car put in parent's names.
Any high value goods draw up a rental agreement with a friend to prove to a bailiff that the gooods aren't yours.
Ensure that any wages you earn are just enough to afford your outgoings to prove to an OR that AOE is of no use as you have nothing left out of your income after all normal outgoings.
You need to show that you live like a churchmouse but you still have nothing left over as things are so expensive.
Best way of losing a load of your income is to have a large rent payment monthly.
I'm sure someone can give you a rent agreement for what would be required.
I already do this for a close family relation.
Prove that they don't pay me, you can't and neither can an OR.
If you have to attend a bankruptcy court go as a churchmouse, all dowdy, no jewellery and not all glamorous like in your photo!!!!
If you have any other property in your name you either need to sell it or have 2nd charges or interests applied.
I am not sure though how effective that maybe in the event the OR is involved.
National debtline are people you must speak to as otherwise your circumstnaces could be even worse than at present if you do nothing.
Somebody did say to me plan for the worst and hope for the best.
My sentiments to you unfortunately.
I think perhaps a conversation with the Law Society etc about this situation.
They may be able to give you a more generic heads up as to where you stand re lawyers liability.
I think if I am ever involved in property purchase again, highly unlikely as I am technically bankrupt!!; I will definitely take out one of thse id insurance policies you referred to.
I am surprised solicitors don't recommend such as it could prevent a claim being made against their liability insurance!!
With the subsequent increase the following year in their liability insurance premiums!!!?
This is even more crucial as you are absolutely correct that if the seller does not have the LR protections in place, the buyer has no way of knowing whether these are in place and ends up a victim with semingly no recourse.
I bet now you wouldn't purchase a property until the seller could prove that they had completed form RX1 and arranged for ALL coomunications to be sent to one address along with an email address.
Also along with some id insurance.
I have certainly learnt these things from you, so thanks for that!!!
If it is possible you should consider buying a property on a BTL on a fixed rate which then proceeds onto the cheapest BOE tracker rate for about a 35 year term if you can get it.
Whatever you can afford to pay in rent is the rent that your BTL property will be 'rented' out for.
Make sure 2nd charges or interests are applied to the mortgage for say £200000.00 but only AFTER the mortgage has completed.
Your parents or very close associates have lent you loads of money over the years haven't they!?
I owe my mum £400000.00 and a friend £90000.00, all secured as 2nd interests on my properties.
I owe £290000.00 to creditors, guess what? they are not going to be paid.
5 more years to go and my debts will be statute barred!
Chances of my properties being worth another £100000.00 extra over the mortgage debt each in 20 years time
ZERO.
So you MUST protect yoursell, don't think that there is justice out there; there isn't.
My debt problems were caused by criminal tenants and wrongun associates.
But it doesn't really matter how they were caused.
I was in a similar position as yours and I have protected myself from these debt issues which were not my fault.
You should really do the same.
See natiinal debtline for full explanation, they are very heplful.
,
5:51 pm
PaulBarrett said
e bankruptcy loomsAs Donna has agreed; EVERY homeowner in the UK should have completed LR form RX1, Application to enter a restriction.
Also to register up to I think 6 contact addresses, including email on relevant forms.
Info is available on the LR website.
I have to say I have not yet completed all LR protective measures.
So few homeowners are aware of the vulnerability to the legal title of their property.
I have recently voluntarily applied 2nd interests in favour of 3rd parties.
I received info in the post and to my 2 email adresses that I registered.
Therefore if there was something dodgy going on I would have been able to contact LR and stop what was occurring.
Every homeowner who does not have these 2 LR protective measues in place IS at the same risk as Donna of losing a legal title of a property you thought you had bought.
As it is FREE to register this info with LR why wouldn't you wish to do it!?
I think there is a case if one doesn't presently exist for an insurance policy to cover this risk
There is a similar one for I believe Chancellory costs from churches
With the prevalence of ID fraud etc LL are extremely vulnerable to this type of fraud.
Indeed I think it should be compulsory for every homeowner to register with LR these details.
I have ensured that ALL correspondence relating to ANY of my properties is ONLY sent to my LR registered address.
The big risk is that just like buying a car that you find is stolen; you lose everything.
Donna faces a possible risk of owing a large mortgage debt but with no property to show for it.
Bankruptcy might be the only solution if insurances don't pay out.
Possibly Donna should transfer assets into other names just incas
Thanks Paul Barrett for the info on LR form RX1, Application to enter a restriction.
I can quote from personal experience that the land registry should be given all current addresses, phone numbers email addresses etc . They send out letters to the address they have on file if anyone tries to register a change on the deeds. But if you have moved and not told them. The mail gets lost and you do not know what is going on
2:52 pm
Perhaps i am being dumb , but, was there a mortgage on this house?
If so , wouldn't the building society or bank be informed that the name or status of the mortgagee was being changed and would they want to know what was going on?
I was once told in a very strong way from the call centre, after i inquired about some changes i wanted to do to MY house, that the bank owned the house not moi! and i would need permission from them.
I think the solicitor definitely, and land registry (maybe) need to be the subject of a compensation claim
Myself, I would not pay the mortgage on a house i do not have and see who squeals first, the bank you owe the money to might have some suggestions. Lots of suggestions
Most Users Ever Online: 298
Currently Online: lrs_keeper
102 Guest(s)
Currently Browsing this Page:
1 Guest(s)
Top Posters:
PaulBarrett: 1250
Mary Latham: 740
LyndonBaker: 718
cedric: 400
Patricia A: 331
newsatlandlordreferencing: 255
Forum Stats:
Groups: 1
Forums: 7
Topics: 1190
Posts: 11001
Newest Members: rebecca58, richardlr, gnlettings, katt, john2389, pepper
Administrators: Paul Routledge (1580), Samii (177)
Usage Policy
Bookmark the permalink 