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Costs added to mortgage account


youlsey
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An agreement was made at Court with the mortgage company to sell the property within 3 months.

 

 

A money judgement was made for around £183,000.

We could not sell the property within this time so we asked the lender for more time.

They agreed to 3 more months and also informed the court in an effort to save costs.

The house was sold within this time - it was actually 3 days over the original time given on the Court order.

 

By the time the mortgage was redeemed, they added over £9,000 in costs to the mortgage account.

 

I have heard from one source of legal advice,

that if the house was sold within the time allocated,

that the mortgage should only be redeemed for the money judgement amount. Is this true??

 

We have taken this to the FOS - at one point they said the mortgage company should repay the £9,000 and take it back to the money judgement.

However they have come back with a pitiful offer amount, siding with the lender.

 

If anyone can shed any light on this, or need some more info, please post.

 

Thank you

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please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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