Start Mortgages took over the mortgage in 2006 and began High Court proceedings the same year.
Nearly 25 years of arrears in which probably very very little was paid. And according to the report the arrears will be paid along with local authority level rent levels with the LA paying the balance.
I'm struggling to believe that.
And legally, how can they be stopped in say 30 years time from selling the house on at whatever price they want. I cannot see how that is enforceable.
You mean she moved banks? From the building society to a sub prime.At the time, Start were a sub-prime lender.
They did not buy this mortgage from another lender.
So she was a sub-prime customer in the first place.
She should not have got this mortgage so she should not be in the house she is in. She can't afford it and she could never afford it.
Brendan
They're not. They make an offer to buy it at a price.If iCare is willing to pay back Starts debts
Why would Start accept a price if it’s much less than the property value?They're not. They make an offer to buy it at a price.
Well if it says it in the paper....Also the article said
Why would Start accept a price if it’s much less than the property value?
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