80% of UK mortgages could be reduced to 70% of their value. Take the Legal Quest Challenge to find out more. Text Quest33 to 87007. @TangentPS http://www.tangentpropertyservices.com/legal-quest-challenge

1. Mortgage Challenge
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3. The actual TRUTH & background
showing why should take the
Mortgage Challenge
& possibly as a result reduce
mortgage by up to

4. £20K
Deposit
Mr Borrower wants to buy this £120K property, only problem is Mr
Borrower only has £20K. Mr Borrower does the only thing he knows
he could do, he went to Mr Bankster to ask him to help him buy his
dream home, with a mortgage loan of £100K!
Credit Check
& Valuation
Application
£120,000
£100K
Mortgage
Loan

5. “To date, ALL mortgage contracts Legal Quest have reviewed, contain
a and the rights for the lender to
the mortgage and/or it’s benefits to a third
party, usually without the borrowers further knowledge and consent”.
There’s too much
information for me to
read. I really don’t
understand but, as long
as I’ve got my mortgage,
I guess everything is ok!

6. ….
….

7. The security of the loan is the mortgage itself,
which is granted by not Mr Bankster, ,
the underlying security will be the registered charge on
property which will be recorded at HM Land
Registry, the purchase of your property!
Conveyancing Solicitor

8. 0.9%Bank’s Deposit
Interest Rate
5.0%Bankster’s Mortgage
Interest Rate
Once the bank receives the signed
mortgage documents (“Promissory Note”),
they will simply use other customer’s
deposited funds to fund the loan and
simply charge a higher interest rate to the
new borrower, with the difference being
their profit!

9. What really happens is
belief

10. A ledger credit on their balance sheet
is created out of
thin air by the Bankster and these
funds are then transferred to the
Borrower to enable them to buy their
new property

16. Under normal circumstances this would be the end of the matter, Mr
Borrower pays his mortgage repayments of principal & interest as
agreed and Mr Bankster will receive a total of £225k over the next 25
years.
Borrower
Which seems reasonable, although as was shown Mr
Bankster actually has , (remember he created the
money out of ‘thin air’ anyway), so in reality what has he got
to lose? He can easily wait for up to 25 years to earn his
£125K profit, Mr Bankster is happy!

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21. Assets
(Mortgage Backed)
Originator
Charitable Trust
(for Tax Avoidance Purposes
SPV

22. We have no issue with the concept of mortgage
securitisation, however, in our opinion there are some
glaring errors and omissions which appear to have been
completely overlooked by the lenders, their professional
advisors, and to a large extent by the regulators, in relation
to certain breaches of the UK legislation.
.. Legal Professional commenting on Securitisation
of Mortgages who “owns” your mortgage? (2013)

23. Although there are many areas which Legal Quest believe are valid
reasons for a case, they have decided to focus on one main aspect.
This is to simply pose the following questions to the lenders:
According to The Bank of England; Council of Mortgage
lenders and other publications (2014/5) of
UK mortgages have probably been securitised.
Legal Quest believe based on extensive research and
publications available for review that the lender
retain the legal and equitable title when
securitisation takes place!
…………

24. Well … “Mr Bankster”, your lender, has been
any money?
Therefore, the original debt which was in YOUR name,
is longer owed to the original Lender.
Remember the was removed from the
lender’s T1 balance sheet when they were paid by the
SPV!
Depending on the paperwork, you now owe it to someone else!

25. Why did the lender choose not tell the borrower of it’s intent to securitise
the mortgage in a fair, clear and not misleading manner? If they had
would Mr Borrower have cared?
If and when the lender securitised YOUR mortgage, why did they
not tell YOU, the borrower?
In reality the details were provided, but you probably did not
understand what they meant. As with most borrowers, all you were
really interested in was getting the mortgage!
The answer is that notifying YOU, the borrower, could create legal,
taxation and consumer related problems, so ignorance is bliss!
……..……..

26. And finally … Is the new SPV party unsecured? Yes! By deferring
the legal registration of their interest in YOUR property at the Land
Registry, so why did they take the risk?
The answer is probably due to the tax avoidance aspects which are
stated in some of the offerings, it would appear that if the SPV
registers the ‘sale, assignment or transfer’ of the mortgages, the
entire deal would be subject to Stamp Duty Land Tax (SDLT).
……..……..
This could be as high as 12%
and by another clever magic
trick “Mr Bankster” and the
SPV

27. ……..……..
An example of what this could mean based on a 2008 offering by
Lloyds TSB regarding the sale or transfer in excess of 880,000 of
Cheltenham & Goucester Building Society mortgages valued at
over £39 Billion could potentially have raised over £5 Billion in
taxes!

28. 3. The ‘loan to value’ ratio of the new mortgage value to the property
value will be significantly changed in your favour, with an
estimated average of 85% LTV reduced to approximately 30% LTV
on domestic mortgages and 65% LTV reduced to approximately
25% LTV on Buy to Let mortgages, a significant difference.
If are successful the potential ‘win’ could result in:
1. Over 60% reduction in your current outstanding mortgage value.
2.Your current monthly mortgage repayment will reduce by the same
% per month, giving you increased liquidity and spending power.
………………

29. owe it to yourself &
your family to start the
Mortgage Challenge

30. Mortgage Challenge