What is MSC?
Mortgage Securitisation is a complex and intricate process, this is why we step in to help simplify the process and assist you in making a claim here at Just MSC.
If your mortgage lender has sold or transferred your mortgage under the process of mortgage securitisation, then your original loan contract would have been paid in full by the party they sold your mortgage debt to. This is where the problem begins. When they have sold on the asset, they must remove the loans from their balance sheet, which allows them to meet regulatory requirements and lend more money. However, the lender continues to collect your mortgage payments on a non-existent contract, as a collection agent for the party they sold or transferred your mortgage to.
They should at this point have made you aware and updated your documentation. In not doing so they are in breach of the agreement you have with them.
Potential Benefits
In the event of a successful win, the current balance of your mortgage could be cleared and the charge on your property released.
In addition to the possible reduction or clearance of your mortgage, your panel law firm may negotiate with your lender for a refund of mortgage repayments in the form of a cheque as compensation.
Do you qualify?
If you have an existing mortgage, or even multiple mortgages, in England, Scotland or Wales, the Just MSC team are waiting to help assess these. Just MSC will carry out a free assessment and identify if you may be owed compensation on one or more of your mortgages.
If your assessment is successful the results can then be utilised by one of our panel of expert solicitors to help them prove that you are entitled to compensation and quantify how much you may be owed.
Speak to one of the team on 01565 740710 or get in contact with us via the website and one of our trained claim handlers will get in touch to discuss your potential enquiry and find out whether your entitled to compensation.
