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hi mat can we finish the question i started a month ago please and i will finish and pay up today
i have taken out three mortgages from three different lenders over a period of 16 years - i never told each lender about the other mortgage i had as i couldn't be bothered not trying to cheat just thought the process would be easire - each time i took a mortgage it was to buy a place to live in then i would move on and rent it - currently i rent two properties - i think i may have committed mortgage fraud though i did not know it at the time - how do i own up or what should i do to sort it out - whats the worse that can happen
yes i have done that now by getting consent to let and they approved the consent
ok - thanks for that - before i pay this is the last question; so even though now i have my two properties with consent to let - none of the mortgage companies know about each other - do i need to tell them
i am confused as i have two different answers here - one telling me that its not really a problem the other saying i have committed mortgage fraud ?
can you please clarify
yes i did - but i was just reading that the mortgage fraud has to be operative and dishonest - is that correct - which means - that had 1 declared my assets in other words the equity i had in the other properties which was enough to clear all my mortgages - i may have been ok - slightly ;
see when i applied for my mortgages i did not declare the others even though they had alot of equity in the or am i clutching at straws
ok - thanks alex you answers have been really good - my plan is to move mortgages to new providers and be honest upfront - that at least shows whatever happened in the past - i did try to fix it as my intention was not to fraud even though i did