gerbil

#voidmortgage #thevoidmortgage #voidmortgage.net March 2012

[stephen middleton @stevemiddi1]

The Commons Library has published its briefing on the 14 April Westminster Hall debate on hidden credit liabilities @TheFCA & @NatWestGroup continue to deny the allegations... I say they are lying.

Read the evidence in the BankConfidential report & decide for yourselves.

This is now them or us.

@BankConfidenti1 @TransparencyTF @efgbricklayer @CarshaltonArt @MLorrM @MConnollyittm
https://t.co/vB67L7A0WQ

https://t.co/En60pfV9so

[Artur Nadolny @ArturNadol7566]

THE MAN WHO SAW THE CRASH COMING GOT FIRED. THE MAN WHO CAUSED IT GOT A KNIGHTHOOD.

This actually happened. In the United Kingdom. Within living memory.

Paul Moore was Head of Group Regulatory Risk at Halifax Bank of Scotland. In 2004 he put it in writing. The lending was reckless. The sales culture was rotten. This bank was going to implode.

They fired him on 8 November 2004 and replaced him with a retail sales manager.

Let pause for a second.

The person whose job was to prevent a catastrophic banking collapse was replaced by someone who sells products to customers.

At one of the biggest banks in the UK.

In 2008 the bank collapsed.

The taxpayer bailout was £20.5 billion. Moore spent the years after his dismissal battling addiction, depression and suicidal episodes.

The man who was right about everything nearly died. The men who were wrong about everything kept their bonuses.

But here is the part that should make you put your phone down.

The FSA Deputy Chairman who resigned after Moore's @CommonsTreasury Select Committee evidence was Sir James Crosby. Crosby was the same man who fired Moore.

He had been CEO of HBOS while simultaneously sitting on the board of the regulator that was supposed to be watching HBOS. This was considered acceptable. By everyone.

Crosby eventually gave up his knighthood and part of his pension. Not one person was criminally prosecuted.

The FSA was then rebranded the FCA. Fresh start. New name.

@TheFCA board today includes former executives from ING Bank, EY, PwC and Willis Towers Watson.

The people regulating the financial industry are still the financial industry.

Same revolving door. Same conflict of interest.

No lessons were learnt.

Taxpayer money is still underwriting institutions that treat accountability as a PR problem.

Whistleblowers are still being fired, gagged and broken while the people they warned about negotiate their exit packages.

Paul Moore died in September 2020. He spent 16 years trying to make people care about what happened to him and to this country.

Nobody went to prison. Everyone moved on.

And the door kept spinning.

Sources:
@BBCNews
@guardian
@thetimes
@Channel4News
@TransparencyTF

[UNN @UnityNewsNet]

Did you know that Larry Fink's BlackRock is creating a joint venture with the Greater Manchester Pension Fund (that pays pensions to hundreds of thousands of ex public sector employees) to buy up NHS clinics and GP surgeries?

The US asset management firm already extracts huge rents from owning 65 NHS GP surgeries.

Now they want to ramp up their ownership of NHS properties - up to £1 billion by 2030.

Do you think they care about your health and wellbeing?

[Andrew Bridgen @ABridgen]

There are a number of corrupt judges who still need to be outed some linked to my own historic cases .Also major legal firms , solicitors , barristers and KC’s who have engaged in illegal practices - to pervert the course of justice.
Well justice is coming now.

[Lorraine Morris @MLorrM]

☘️☘️‼️Warning - Please Share‼️☘️☘️

I am concerned that certain banks appear to be treating certain customers as “booking vehicles” - essentially proxies or conduits - to indirectly access or leverage customer-held assets through structured financial products and other relationships. This is research based.

This practice raises serious ethical and legal concerns, particularly in this jurisdiction, where banking misconduct has rightly undergone so much scrutiny - which is ongoing.

These types of activities exploit information asymmetries and serious regulatory gaps. Some of the core mechanisms include - the use of customer accounts and loans as “entry points” to gain visibility into other assets like property, investments, or savings.

For instance, mortgage agreements often require detailed asset disclosures, allowing banks to map a customer’s full financial picture for cross-selling or collateral purposes.

Most will know by now that securitisation schemes bundle these mortgages and indeed other loans and swap liabilities - turning customer debts (tied to assets) into tradable securities, where banks profit from asset-backed flows without direct ownership.

I have seen phantom liabilities that are booked in customers’ names. There is no valid contract at all. Likewise, hidden commissions and hidden break costs can be absolutely fatal and you must get full and accurate disclosure and legal & financial advice. The disclosures must include worked examples of what you might face in a range of different scenarios.

Reviewing every clause in a mortgage or any major contract is essential to safeguard your financial future and to avoid devastating pitfalls. Failing to do so has led to countless horror stories where hidden or unexplained terms have trapped borrowers in cycles of debt or asset loss.

Some Hidden Dangers

Contracts often contain clauses like “all monies charges,” which secure not just the mortgage but all debts with the lender against your home, risking repossession over unrelated issues such as credit card defaults.

Acceleration clauses can demand full repayment instantly under vague triggers, while unilateral modification terms let banks alter rates or conditions without your consent and completely at their discretion.

Without close scrutiny, these turn what you might consider “favourable deals” into serious financial traps.

Why Legal Review is Imperative

Always consult a reputable solicitor before signing - an independent financial adviser too if the deal size should warrant it.

- they should decode legalese and banking terms, spot red flags and negotiate removal of unfair terms.

- Insist every clause is explained plainly - do not proceed until it is, as ambiguities favour the drafter under common law.

- Solicitors should routinely check compliance with Unfair Contract Terms Regulations to protect their clients.

☘️ Be Vigilant & Good Luck out there ☘️

[Martin Lewis @MartinSLewis]

You can DIY Power of Attorney BUT you have to make sure you follow all the steps carefully. Full details, plus where to get professional help filling in forms, here: https://t.co/wqCh1dJ7UU #MartinLewis

[Lorraine Morris @MLorrM]

🔹IMPORTANT🔹

I have been inundated with messages from defrauded borrowers.

Also, my posts about the conduct of certain barristers, solicitors and judges has struck an immense chord.

Questions:

How many 🔹Tracker Mortgages🔹 in Ireland were inappropriately excluded and deemed out of scope from the 🔹Tracker Mortgage Examination🔹, by utterly conflicted individuals?

What I mean by that is by “complaint handlers” within the very banks so determined to avoid their significant liabilities?

How many 🔹Tracker Mortgages🔹 were unlawfully “converted” into a discretionary product to bring in additional revenue and to make the unlawfully converted product more palatable to be securitised & to bring much needed liquidity to the bank?

How many of these dubious products that have been converted into “income streams” & now been offloaded on to credit servicers - who are tasked with pushing for repossession orders against borrowers artificially engineered into default?

How many solicitors and barristers have been intimidated into dropping legitimate cases in which these issues have been - or are being raised by defrauded borrowers?

How many legal professionals are sitting on hundreds of thousands of euros in fees that they have not earned, yet will not return?

[Gain a conscience - if you’ve neutralised litigation and not achieved anything for your client, please return the unearned fees - no questions asked].

How many judges issued repossession orders on tens of thousands of borrowers who were simply not in default at all - when in fact the banks owed & still owe the borrowers money - essentially to fulfil Ireland’s treacherous promises to US private equity funds? #EpsteinFiles

Why? What did you gain in return? Debt forgiveness?

How many parliamentarians know about this scandal & have not managed to resolve at any level or to hold the banks & the neutralised @centralbank_ie to account?

How many truly understand the relentless mental suffering that is ongoing for borrowers who have been defrauded by banks, who have been repossessed against, who face eviction or have been evicted- when essentially their financial circumstances never really changed?

Who influenced @rte @rtepolitics @rtenews to bury the evidence about this ongoing scandal - when it recently aired its Prime Time documentary about tracker mortgages?

This crumbling system is relying upon the silence of borrowers, when it is the act of speaking up that will shine a light on these very dark practices.

Please share information here publicly or alternatively, my DMs are open. Please repost to spread awareness.

@Wftproof @WinkSabee @LSRAIreland @LawSocIreland @TheBarofIreland @LFJIreland

@JMcGuinnessTD @Farrell_Mairead @PearseDoherty @jackfchambers @kenoflynnTD @centralbank_ie @MaryLouMcDonald @ivanabacik @HollyCairnsTD @TransparencyTF @stevemiddi1 @BankConfidenti1 @BlowersIreland @NoelMcgree @SamanthaLaDuc @EoinLenihan @jemmm85517813 @indepdubnrth @OTURISK

[Lorraine Morris @MLorrM]

♦️ 5
That means the mortgage itself was mis‑sold. No borrower could possibly have foreseen a system where their repayment plan would be undermined by the “lender’s successor”.

Borrowers never consented to securitisation or indeed to some vastly speculative rate manipulation, ignored by the regulator.

Borrowers consented to a mortgage.

They did not consent to be enmeshed into a market instrument.

[TheBlackWiseGuy @TheBlackWiseGuy]

Every victim of UK banking Lending or Mortgage fraud by any bank, please take note with unity & action

[Dan Neidle @DanNeidle]

90,000 properties in England/Wales are owned by offshore companies. Almost half unlawfully hide their true ownership

We've found them, mapped them, and published everything

▶️ This 60-second video shows how to find secretly owned property near you

📊 Details & stats below

[Helen Gordon @vipsweetslondon]

The courts failed to apply settled principles of English law by declining to require the Defendant NatWest Bank to answer my sworn affidavit evidence in reply to NatWest Banks further and better particulars of defence pleadings at the close of pleadings at the strike out stage and by treating admitted facts as legally irrelevant. That is a failure to follow the law, and a denial of due process not a mere disagreement with the outcome.

[Lorraine Morris @MLorrM]

@centralbank_ie 3. The premise that @centralbank_ie can rely on a “commercial sensitivity” argument entirely collapses where illegality looms:

Irish Companies Act exposes directors to personal liability for reckless trading while insolvent, with criminal sanctions

[Lorraine Morris @MLorrM]

To those asking, orders and judgments issued without established jurisdiction are void or voidable in Irish law.

They lack legal force from the outset (coram non judice) and can be set aside by courts, including executing or appellate courts.

[Lorraine Morris @MLorrM]

Reminder - the hidden credit line frauds mimic “invisible mortgages,” damaging credit standings and refinance options as interest rates fell, enabling banks to rebuild capital at the expense of their own customers…..it is ongoing
@kenoflynnTD @JMcGuinnessTD @Farrell_Mairead @MaryLouMcDonald @stevemiddi1 @BankConfidenti1 @Wftproof

[Lorraine Morris @MLorrM]

A “mortgage form of authorisation” is essentially a signed instruction and consent you give the lender, usually used to change something about an existing mortgage (for example, switching rate, fixing the interest rate, or implementing redress-related adjustments after a tracker error). Why would banks refuse to provide this to the Financial Services Pension Ombudsman?

[Lorraine Morris @MLorrM]

I have been shouting from the rooftops about the inadequate Banking Inquiry in Ireland.

That’s quite the understatement.

I have now reviewed evidence that demonstrates a pattern of confidential High Court settlements - all against @PTSB - proving that it’s likely that a “systemic cohort issue” exists outside the Tracker Mortgage Examination’s findings.

By allowing PTSB to settle these cases individually without compelling market-wide redress for all similarly affected customers @centralbank_ie is in flagrant breach of the TME's "Stop the Harm" principle.

@centralbank_ie ‘s inaction sanctions a two-tier system where it appears that justice is available only to those who can afford to sue.

@kenoflynnTD @JMcGuinnessTD @Farrell_Mairead @Wftproof @stevemiddi1 @BankConfidenti1

[James Melville 🚜 @JamesMelville]

Tony Benn’s 5 key questions:

“What power have you got?
Where did you get it from?
In whose interests do you exercise it?
To whom are you accountable?
How do we get rid of you?

And if you can’t get rid of the people who govern you, you don’t live in a democratic system.”

[Lorraine Morris @MLorrM]

If a deponent is aware of material information showing that the pleaded Defence is incorrect, any statement that they “honestly believe” those assertions and allegations to be true is arguably both “false” (because the belief is not genuinely held) and “misleading” (because it conveys that the Defence accords with the underlying records, when it does not).

The statutory regime is designed so that affidavits of verification “fix” each party with the truth of their pleaded case and expose them to penal and procedural consequences for dishonesty.

In those circumstances, swearing affidavits in the face of contrary internal material crosses the threshold for criminal liability but also supports an application to strike out or penalise reliance on the impugned pleading.

[Jane Farmer @janea216]

..alas for the imbalance of power when fee-seeking corporate insolvency practices are involved. Justice is not even attempted. How many IPs question or expose dodgy PGs? #PGwidow