Topic: | Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Ealing Councillor's Loan | |
Posted by: | John Martin | |
Date/Time: | 31/03/15 19:49:00 |
Sorry Dan I am still just as confused. Mr Bell and his Wife have a house they bought with a Bank of Scotland Loan in 2007 for something like 575 k . It is probably worth twice that now but that has little to do with the price of fish as they say. Presumably the terms of BOS loan allow Mr&Mrs Bell to let the property out as everyone seems to be saying he does not live there and rents it out ie its a "buy to let mortgage" . All of a sudden last year a charge appears in favour of LBE which nobody has explained to me in a manner I can understand what it is all about and why it has been granted and who else within LBE have been granted a charge like this over a property they apparently do not even live in. There must be a statutory basis for the loan . There is even a third charge on the property but that is from a commercial lender so again the price of fish point. . I am sorry I just cannot see how Mr Bell can fail to disclose the matter. The ongoing avoidance of the issue and the failure of Mr Bell to make a transparent statement is just not very clever. He must read these posts |