In this article, you will get all information regarding My Ex Committed Mortgage Fraud On My Behalf, But NatWest Won’t Cancel It – allhomes.news
My ex-partner took out £126,000 in fraudulent loans on my behalf and is now in jail: why won’t NatWest cancel the £40,000 mortgage he acquired?
- Ex-partner took out £126,000 in fraudulent loans on behalf of our reader
- Former partner now in jail and most loans canceled
- One of the loans is a £40,000 NatWest mortgage which increased to £51,000
- Have you been wronged by a company? Email [email protected]
Four years ago I found out my then partner had taken out over £120,000 in fraudulent loans on my behalf without my permission.
He had gone to almost every bank on the high street and had been able to rack up a huge amount of debt without my knowledge.
This included a £40,000 mortgage with NatWest against the house my aunt gave me.
Concerns at home: NatWest has threatened to repossess the property I live in with my 9 year old. (File image)
He has since been convicted of fraud and is now in jail. Following his conviction, all the debts contracted in my name were canceled by the banks, with the exception of the mortgage with NatWest.
The amount owed has now risen to £51,000 as interest has accrued due to missed payments.
I did everything I could to try to resolve the situation with NatWest, including hiring a lawyer and sending him all the information about the crime.
But I haven’t heard anything back and he is now threatening to repossess my house. I am a single mother with a 9 year old child.
My ex-partner lied about my salary on the application and I can’t afford to keep up with the payments. I don’t know what else to do – please help me. LD by email
Fran Ivens of This is Money responds: I’m incredibly sorry to hear about your situation.
It must have been a stressful time learning about the fraudulent loans taken out in your name and repairing the damage done by your ex-partner.
Financial abuse in relationships takes many forms and is often difficult to escape.
>> Are you or someone you know suffering from financial abuse? How to spot the warning signs and where to turn for help
The fact that you had to deal with the worry of a mortgage you haven’t taken out for so many years must have only added to your stress.
The thought of losing your home in which you are raising a young child has undoubtedly caused many sleepless nights.
Of all the lenders he defrauded, NatWest is the only one who did not write off the debt.
The mortgage was taken out through a broker and initially your ex-partner was paying it off.
Before contacting the banking giant on your behalf, I spoke to a lawyer who specializes in fraud cases.
With your former partner now convicted and in jail, he was also surprised that NatWest hadn’t yet clarified what he said you owed.
He also clarified that the fact that your ex-partner went through a broker to take out the mortgage does not affect whether the bank was right to charge you for the repayment.
NatWest said it would cancel the entire outstanding mortgage and reimburse all costs incurred in the process.
I should mention here that NatWest refutes the allegation that it did not engage with you and your attorney.
It indicates that the case was in abeyance pending the outcome of the police investigation and the Financial Ombudsman’s complaint that you raised.
He also clarified that taking the time to gather relevant information about a fraud case before making a decision is standard practice.
When you attended a recent repossession hearing, the judge granted a 56-day stay of proceedings to allow the bank to assess new information.
It was as a result of this new information, according to the bank, that it finally decided to cancel the mortgage entirely.
And he contacts your representative to arrange reimbursement of the costs you incurred during your transactions with the bank as well as compensation.
A NatWest spokesperson said, “Your reader has been the victim of a sophisticated fraud and we sympathize with their experience.”
“Following a review of further details which have recently been provided, we are pleased to confirm that we will be canceling the mortgage debt and associated interest.
“We will also compensate your reader for their experience.”
“In all cases of fraud and scams, we will request information from the victim to understand what happened and allow us to reach a fair outcome.
“We are committed to supporting victims of fraud.”
Fran Ivens adds: While this is a great result, I am sorry for the years of anguish this process has caused.
I hope you can now spend time with your child and extended family without the stress of that fraudulently obtained mortgage – and repossession – weighing on you.
Financial abuse: how to get help
If you are in immediate danger, contact the police.
If you are not in immediate danger but are concerned about your safety, the National Domestic Abuse Helpline is on 0808 2000 247 and is open 24 hours a day.
The Surviving Economic Abuse Financial Support Line, run in partnership with Money Advice Plus, offers specialist advice to people who are victims of domestic violence who are in financial difficulty. According to SEA, these tips can help you regain control of your finances.
Women’s Aid offers help and advice, including a live chat service for confidential expert advice and support.
It runs a Rail to Refuge program, a joint initiative with rail companies where operators cover the cost of train tickets for women, men and children fleeing domestic violence who travel to a shelter.
The Rail Delivery group tells you more here.
Share or comment on this article:
Source : www.thisismoney.co.uk
My Ex Committed Mortgage Fraud On My Behalf, But NatWest Won’t Cancel It – allhomes.news
For more visit computernetworktopology.com
Latest News by computernetworktopology.com