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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 ...