Response to NATIONAL HOME LOANS/PARAGON

Hi Deb, The solicitors you consulted and who told you that the lenders could sell the property for any price they like are WRONG. They either don't about the requirements if the B.Soc. Act '86 which are that the lenders are required 'to obtain the best price reasonably available'. If they DO know about the Act perhaps they are 'adopting an attitude' or who knows perhaps they have at some time bought a very under- valued property and made a handsome profit from it. Either way they have not given you good advice. have you asked the Lender for details of the marketing activities they carried out? If not I suggest that you request copies of all data that they are holding relating to your case - that is your entitlement in law. This should reveal, or otherwise, details of the marketing that they carried out. If you want to e-mail me privately please free to do so. I've had all this nonsense myself so I know how you feel. Good luck, Joy.

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