Hi, Thanks for replying. How do you know who has POA (power of attorney). According to my paperwork the person instructing the receiver was a commercial property manager and works for UKAR, not MX. I really appreciate any advice. Thanks.

Hi all. I would really appreciate it if anyone has got a copy of the 1997 Terms and Conditions for Mortgage Express. Do they really have power of sale??? Thanks in advance.

Hi, I am just trying to find out how many people had their houses put with receivers, then auctioned through the receivers. I'm trying to collate some facts about the dealings people have had with MX. Thanks

Hi all. Has anyone actually signed the new Terms and Conditions being imposed by Mortgage Express. If so, can you please tell me what happened after you signed. Did they leave you alone, or did it just make things much worse because they had more power? Thanks in advance to any replies.

Hi. I missed 1 months payment and made it up a couple of months later. I have no arrears. If I dont sign the new t and c s and pay thousands for a company to come and value the business they say theyll instruct receivers. My cash flow is good but I am fully aware that MX has an unlimited pot of money and the best solicitors money can buy.

Hi everyone, Great to see some people are still fighting MX. My Battle has just started!!! I have 40 plus mortgages with MX and a substantially large portfolio I missed 1 payment last year, they now say I am in breach of my terms and conditions and demand payment in full for all the mortgages, millions!! Money I just dont have. They gave me another option - sign the new terms and condtitions and pay for a company to come and value my business. The alternative is they appoint receivers. I have no choice either way it seems Has anyone managed to beat them yet? I appreciate your help in advance. PS I am a new user so cannot PM i dont think. Regards, J

Hi all I have around 40 mortgages with MX. I have missed 2 months payments, am now in breach of contract. I have now paid off all arrears and have confirmed that it will not happen again. I have around 180 properties in my portfolio and have suggested instead of just paying the interest I repay a lot of capital every month as well. My credit rating is not good but I have lots of excess income I can use to pay them back, just not all in one go. They are telling me I have to pay 750k in 6 months and another 250k in 12 months. I do not have the cash available. Most of my houses with MX have very little or no capital if sold to pay back mortgage, also because they are heavily remortgaged any sale would incur huge capital gains tax and they would not get their money. As a result they are trying to force me to shorten the term of all mortgages longer than 10 years to 10 years maximum. The way i see it they have 3 choices: 1 - Force sale and receive approximately 3.5m instead of 5m over the next few years 2 - Force my properties to an agent who will charge large fees and give the rest of the income to MX 3 - Leave the properties with me under the agreement I will pay lots off the capital every month using all my other properties Surely they were negligent by allowing me to remortgage to this extent? They would lose excess money by forcing me to use option 1 or 2, is this not a crime against the tax payer? I really appreciate any advice on this front as it appears they are just trying to bully me to get whatever they can??? Thanks