Topic: Mortgages

Fetu was concerned about how his lender had managed EQC settlement funds.

Stephen was charged a $88,000 fixed rate break fee when he repaid an equity release loan early

When Christina’s circumstances changed, making repaying a loan impossible, the finance company was given no option but to apply to the court for substituted service to allow them to sell the property

Max, Marie, and Colin agreed to repay a loan at $4,000 a month, but had difficulty meeting this payment and wanted the lender to permanently reduce their payments to $2,000 a month where there was no evidence of financial hardship

What happens if you cannot understand why you still owe money on a loan account when you believed the loan should have been repaid years earlier

After refinancing his home loan, Youness received a $2,500 invoice from his old mortgage adviser, and he was told that he had incurred a clawback fee by repaying his original loan within 2 years. Was this fair?

Lincoln’s home loan was due to expire, and he needed to find a new lender/mortgagee to refinance the balance. For almost a year, Lincoln kept promising his lender the refinance was about to happen. Eventually, Lincoln’s lender commenced the mortgagee sale process because the balance remained unpaid.

Did the mistakes in a Property Law Act notice change the course of history? If the notice had been correct, could Lee and Brian have kept their house?

Lending to a family trust is not covered by the responsible lending obligations of the Credit Contracts and Consumer Finance Act.

Farid’s broker presented him with a loan offer, and Farid didn’t draw down the loan. Farid disputed paying the broker’s $3,000 fee.