View Full Version : Good news for some home owners

Magda Hassan
11-29-2010, 10:46 AM
I'm sure the banks will appeal but this is some seriously good news for some people.

Incredible UK Supreme Court decision on repossession in Scotland

A Supreme Court decision on Scottish repossessions yesterday basically means about 75% of cases raised or stayed in Scotland are arguably now incompetent. Banks have apparently got the law wrong for the last 40 years.

Govan Law Centre is applying for dismissals today (with the benefit of trying to get expenses removed from mortgages, the legal expenses of 2 to 3k are usually just added on to the mortgage).

A nightmare scenario for UK banks lending in Scotland - but proof perhaps of the existence of Santa? as no-one in Scotland will lose their house this Xmas!

http://www.mortgagestrategy.co.uk/le...022587.article (http://www.mortgagestrategy.co.uk/lendingzone/landmark-ruling-could-halt-all-scottish-repossessions/1022587.article)

http://www.heraldscotland.com/news/h...ions-1.1070721 (http://www.heraldscotland.com/news/home-news/ruling-may-halt-repossessions-1.1070721)

http://govanlc.blogspot.com/2010/11/...waves-for.html (http://govanlc.blogspot.com/2010/11/glc-predicts-major-shockwaves-for.html) (with link to the full judgment and GLC commentary).