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Jo C.
Jo C., Barrister
Category: Law
Satisfied Customers: 31861
Experience:  Over 5 years in practice
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We bought 6 BTL investment properties a few years ago. The

Customer Question

We bought 6 BTL investment properties a few years ago. The broker and solicitor, we believe, covered up the fact that they were discounted mortgages with no repayment vehicle, and so the lender approved the mortgages. I know that BTL are outside of the FSA regulations, so whose responsibility was it to ensure the mortgages were fit and the details were correct? Us, the unregulated broker, the (struck off) solicitor or the lender?

We are being repossessed and I want to know our position considering the mortgages weren't fit ...

Submitted: 2 years ago.
Category: Law
Expert:  Nicola-mod replied 2 years ago.
,
I've been working hard to find a Professional to assist you with your question, but sometimes finding the right Professional can take a little longer than expected.
I wonder whether you're ok with continuing to wait answer. If you are, please let me know and I will continue my search. If not, feel free to let me know and I will cancel this question .
Thank you!
Nicola
Expert:  Nicola-mod replied 2 years ago.
,
I apologise as we have not yet been able to find a Professional to assist you. Do you wish to continue to search to assist you or would you like to close your question at this time?
Thank you patience,
Nicola
Customer: replied 2 years ago.
,
I prefer to close the question and not be charged thank you.
Regards,
Helen