Search found 17 matches

by maurice
20 Dec 2013 12:21
Forum: General Property Questions
Topic: Alpha Bank and Swiss Franc Mortgages!
Replies: 156
Views: 107642

Re: Alpha Bank and Swiss Franc Mortgages!

Hi Nigel Our case is still continuing and we have now heard that the bank are taking legal action in Cyprus. Are you aware of other cases where Alpha Bank have commenced proceedings and do we know the outcome? Any comments from others would be appreciated! Maurice Cook
by maurice
08 Jun 2013 13:13
Forum: General Property Questions
Topic: Anyone else caught up in this Alpha Bank headache ??
Replies: 9
Views: 8500

Re: Anyone else caught up in this Alpha Bank headache ??

Thank you Ivan! Has anyone else had this advice?
by maurice
06 Jun 2013 23:44
Forum: General Property Questions
Topic: Anyone else caught up in this Alpha Bank headache ??
Replies: 9
Views: 8500

Re: Anyone else caught up in this Alpha Bank headache ??

In order to approach U.K courts they must have a court order. A court order on your name cannot be achieved once you file insolvency because after is a matter for the official receiver and the credit company (the Bank) meaning if in the event they will try to make a new action against you in U.K cou...
by maurice
04 Jun 2013 00:05
Forum: General Property Questions
Topic: Anyone else caught up in this Alpha Bank headache ??
Replies: 9
Views: 8500

Re: Anyone else caught up in this Alpha Bank headache ??

Has anyone been advised by Cyprus solicitor to become insolvent in Cyprus as a defence against the bank taking legal action there and thus making it unlikely to follow the debt in UK ? Please respond to Maurice.
by maurice
18 Feb 2013 21:11
Forum: General Property Questions
Topic: Alpha Bank and Swiss Franc Mortgages!
Replies: 156
Views: 107642

Re: Alpha Bank and Swiss Franc Mortgages!

Dear Nigel You mentioned various organisations representing misselling claims on Swiss franc mortgages. Would you kindly let me have those details? Also are you aware of any benefit to be gained by handing the property back to the bank, claiming insolvency in the Cyprus court and thereby avoiding ac...
by maurice
19 Mar 2012 19:46
Forum: Mark Nowell's Financial Questions
Topic: Swiss Franc Mortgage
Replies: 73
Views: 72893

Re: Swiss Franc Mortgage

Hi Dragontrollrose
Yes! I know what happened to Maurice! Still negotiating with bank but may be some light at the end of the tunnel!
Maurice
by maurice
12 Oct 2011 23:16
Forum: Mark Nowell's Financial Questions
Topic: Swiss Franc Mortgage
Replies: 73
Views: 72893

Re: Swiss Franc Mortgage

Further to my last post (4th October) where I set out 4 possible options, we have now decided to take the only option (No. 4 ) and stop all payments to the bank. To continue to repay a mortgage which is now three times the value of the property with no hope of any improvement is financial suicide. W...
by maurice
30 Aug 2011 16:15
Forum: Mark Nowell's Financial Questions
Topic: Swiss Franc Mortgage
Replies: 73
Views: 72893

Re: Swiss Franc Mortgage

Just an update on our negotiations to convert swissfranc mortgage to euros - the bank say nocharges BUT the new mortgage oferred is over £5000 more than the chf loan! the term is increased to 30 years and the repayments from 475 chf to over 600 euros per month - enough is enough! What legal protecti...
by maurice
06 Jul 2011 21:59
Forum: Mark Nowell's Financial Questions
Topic: Swiss Franc Mortgage
Replies: 73
Views: 72893

Re: Swiss Franc Mortgage

"The Cyprus banks are starting to take action against mortgage defaulters."

Nigel - do we have any specific information on the actions so far?

Maurice
by maurice
06 Jul 2011 00:54
Forum: Mark Nowell's Financial Questions
Topic: Swiss Franc Mortgage
Replies: 73
Views: 72893

Re: Swiss Franc Mortgage

Hi Nigel Are the exit penalties charged on the existing mortgage? I presume it is to compensate the bank for loss of interest. We are currently negotiating with Alpha Bank who have provisionally stated that there will be no charge to transfer to Euros. We have not yet seen the small print but at the...
by maurice
05 Jul 2011 10:47
Forum: Mark Nowell's Financial Questions
Topic: Swiss Franc Mortgage
Replies: 73
Views: 72893

Re: Swiss Franc Mortgage

The Times carried an excellent article highlighting the problems of the swiss franc mortgage. Although the piece fully sets out the problems, it doesn't offer any solutions. Having considered the situation over many months, I believe there are 4 possible options and I set them out as follows. We wou...
by maurice
30 Jun 2011 13:19
Forum: Mark Nowell's Financial Questions
Topic: Swiss Franc Mortgage
Replies: 73
Views: 72893

Re: Swiss Franc Mortgage

The Times is carrying an article on Swiss Franc Mortgages this Saturday! 2nd July 2011
Maurice
by maurice
28 Jun 2011 13:21
Forum: Mark Nowell's Financial Questions
Topic: Swiss Franc Mortgage
Replies: 73
Views: 72893

Re: Swiss Franc Mortgage

Hi Wayne Yes ours was bought from opus in Birmingham who I think went bust soon afterwards - convenient? If you want to email me direct @ mauricecook@btinternet.com We can share more info. We are arranging to convert to euro mortgage as I can never see the Swiss franc going the other way. Alpha Bank...
by maurice
13 Jun 2011 21:53
Forum: Mark Nowell's Financial Questions
Topic: Swiss Franc Mortgage
Replies: 73
Views: 72893

Re: Swiss Franc Mortgage

Thanks Nigel -
Maybe I should have said little hope of success?
Maurice
by maurice
13 Jun 2011 21:51
Forum: Mark Nowell's Financial Questions
Topic: Swiss Franc Mortgage
Replies: 73
Views: 72893

Re: Swiss Franc Mortgage

Thanks Andy
Nice considerate response - best wishes to you.
Maurice