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Legal News

: International and UK Law

Brief encounter: My son has been asked to repay his mortgage within a month

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Question My son has received 30 days' notice that his mortgage account will be terminated and that the balance of more than £90,000 should be redeemed or an offer from another lender obtained. The mortgage has been held since May 2006 and there are no arrears or missed payments; indeed, overpayments are being made. After several calls no one at the mortgage company will explain why the account is being closed and my son has received a letter saying that a decision has been made and that it will not be reversed. The lender is threatening recovery action after the notice period. Is it allowed to do this?

Full post as published by International and UK Law on March 05, 2009 (boomark / email).

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