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Legal Advice for a Mortgage

  • 29-03-2011 8:08pm
    #1
    bazza76dub
    Registered Users, Registered Users 2 Posts: 91 ✭✭


    I got a letter from the company that gave me my mortgage a few months back, I just rooted it out again as it was on the back of my mind to do so.

    It is in relation to the wording of the letter and my insurance policy. this is what it says:
    We write in connection with the above mentioned matter, and confirm that it has come to our attention that your Life Policy has not been assigned to ***** Bank

    As this was a condition of your loan offer, we would be obliged if you would now arrange to have the attached letter of Assignment (pre populated with your policy details) signed and witnessed (by anyone over the age of 18), and returned directly to us. We enclose pre-paid envelope for your convenience.

    thank you for your assistance in this matter and we look look forward to hearing from you at your earliest convenience.




    May be a long shot. but I was wondering if the text in bold above would make the mortgage null and void. If there are any legal people out there that may have a clue about this I'd appreciate it. As if I had the chance to walk away from the mortgage I would.

    Kind Regards,

    Baz


Comments

  • #2
    234
    Registered Users, Registered Users 2 Posts: 1,529 ✭✭✭234


    I can't give you any advice on the letter you received but you do realise that if your mortgage never existed you would be liable to pay back all the money you received plus interest.


  • #3
    bazza76dub
    Registered Users, Registered Users 2 Posts: 91 ✭✭bazza76dub


    234 wrote: »
    I can't give you any advice on the letter you received but you do realise that if your mortgage never existed you would be liable to pay back all the money you received plus interest.

    No mate, I didn't know that.
    How is that so


  • #4
    blueythebear
    Registered Users, Registered Users 2 Posts: 1,074 ✭✭✭blueythebear


    bazza76dub wrote: »
    No mate, I didn't know that.
    How is that so


    Are you suggesting that your failure to assign you life policy should result in you being permitted to keep the loan/mortgage monies and not have to pay it back?


  • #5
    Tom Young
    Legal Moderators, Society & Culture Moderators Posts: 4,338 Mod ✭✭✭✭Tom Young


    There is a forum charter and legal advice is not allowed. This is for a number of reasons. Seek professional advice. Rely on nothing here at all. Thread closed for being in breach of the charter.


This discussion has been closed.
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