Court 11 in Bilbao has invalidated 12 Equity Release IHT mitigation mortgage loans sold to the public by SL MORTGAGE FUNDING Nº1 LIMITED.
The Court orders the diverse Land Registries to remove the charges with immediate effect and nullifies, alongside, any and all contracts signed by borrowers with the Cheshire-based lender.
In addition, the Court has resolved that borrowers will not have to return any advance payments made by the lender and will be entitled to the return of any disbursements made as a result of these contracts.
The Court found that SL MORTGAGE FUNDING Nº1 LIMITED operated an illegal lending and investment service and likens it to a “civil fraud”, as it did without clearance from the Spanish banking and financial authorities and concludes that the lender deserves the maximum possible penalty, as per article 1306 of the Civil Code.
More to follow.
After the recent entrapment of “BARON” Rothschild on the French television programme when faced with the facts that his bank had approved and signed old age pensioners to a charge against their homes with a false promise of avoiding inheritance tax which helps our cause against the ROTHSCHILDS BANK, DANSKE BANK, JYSKE BANK, NORDEA BANK, BARCLAYS BANK.
Then TODAY the news that SL MORTGAGE FUNDING No1 LIMITED has been ordered to nullify 12 mortgages based on equity release in Court 11 in Bilbao by finding that the company operated a fraudulent scheme and will be penalized as per ARTICLE 1306 OF THE CIVIL CODE
WE NEED COURT ACTION ASAP HERE ON THE COSTA DEL SOL
This is the BEST news ever at last these people are accountable for making the lives of pensioners a living hell for the past 8 years my husband and I being two of them. We sincerely hope that the same result will be made against Nykredit and Sydbank in Denmark, as well as the banks mentioned who are also making our life hell. Thank you so much to the judges in Bilbao and hopefully the same judgement will now be passed against Nykredit and Sydbank.
Thank you so much.
Maria Gill
Resident of Spain
Costa del Sol
Hopefully the Premier Group (Isle of Man) Ltd will now also face justice.
Premier worked hand in glove with SL MORTGAGE FUNDING Nº1 LIMITED helping to trick unsuspecting and innocent people/pensioners into the “SITIRS” and provided the scheme with their inept Funds (such as the Premier Balanced Fund) as investment hubs for the equity released from their victim’s homes.
Premier already has a long history of operating illegally in Spain, selling funds designed exclusively for highly experienced and professional investors only to naive and elderly pensioners. These funds proved to be financial disasters and people lost a considerable part (if not all) their life savings.
Let’s hope that Premier’s directors, who attempt to avoid incrimination by changing the trading names of their secretive Caribbean registered shell companies, are finally nailed.
The Premier Group (Isle of Man) Limited have ALWAYS used the excuse that it was NOT them who sold their worthless and illegal funds/schemes to their unwary victims, but rather “agents” such as and including:-
Henry Woods,
Hamiltons
Offshore International
Premier claim that the victims both employed and paid the “agents” (these “agents” were operating illegally as well) to give them advice and therefor the victims should blame the “agents” and not Premier!
Premier’s absurd claim completely overlooks the fact that Premier paid the “agents” fees (via commissions originating in a secretive shell company registered in the Caribbean and owned by Premier’s directors) and the victims paid their savings/ capital directly into Premier’s bank account!
At least a thousand people living in Spain lost a large part of their life savings (and some nearly their homes) thanks to Premier’s illegal activities – and still Premier are allowed to sell their garbage funds which continue to collapse.
Hopefully the Premier Group (Isle of Man) Ltd will now also face justice.
Premier worked hand in glove with SL MORTGAGE FUNDING Nº1 LIMITED helping to trick unsuspecting and innocent people/pensioners into the “SITIRS” and provided the scheme with their inept Funds (such as the Premier Balanced Fund) as investment hubs for the equity released from their victim’s homes.
Premier already has a long history of operating illegally in Spain, selling funds designed exclusively for highly experienced and professional investors only to naive and elderly pensioners. These funds proved to be financial disasters and people lost a considerable part (if not all) their life savings.
Let’s hope that Premier’s directors, who attempt to avoid incrimination by changing the trading names of their secretive Caribbean registered shell companies, are finally nailed.
There is very little to say except slowly but surely these banks are being brought to justice. Is it not time now for the banks mentioned , amongst others, by Euan above, realised their coming fate, settle with their clients and let us all enjoy our retirement.
Some goodness for a change. Slowly but surely the banks are receiving their just rewards and being brought to account. Now it is time for all banks including those mentioned by Euan owned up and settled with their unfortunate clients and let them get in with their lives in retirement. Goodness knows they make enough money with resorting to fraudulent schemes.
A Spanish legal precedent has now been set power to the victims!
The Premier Group (Isle of Man) Limited have ALWAYS used the excuse that it was NOT them who sold their worthless and illegal funds/schemes to their unwary victims, but rather “agents” such as and including:-
Henry Woods,
Hamiltons
Offshore International
Premier claim that the victims both employed and paid the “agents” (these “agents” were operating illegally as well) to give them advice and therefor the victims should blame the “agents” and not Premier!
Premier’s absurd claim completely overlooks the fact that Premier paid the “agents” fees (via commissions originating in a secretive shell company registered in the Caribbean and owned by Premier’s directors) and the victims paid their savings/ capital directly into Premier’s bank account!
At least a thousand people living in Spain lost a large part of their life savings (and some nearly their homes) thanks to Premier’s illegal activities – and still Premier are allowed to sell their garbage funds which continue to collapse.
We are very excited about this news.We live in Murcia and like many of you all got caught up in this mortgage scam!We now have Salvador Martinez starting to work on our case and we are hopeful everything will go well for us.Congrats to all those who had success in Bilbao.
Gerard.
How do we contact Salvadore Martinez. We signed for Rothschild Equity Release. Hamilton’s of . Mijas Costa were the F.A’s. (Don’t want to be too rude, but try other word besides financial advisors)
Patience had paid off, Thank you Lawbird!!
Patience had paid off, thank you Lawbird….
Would be interested to hear from any of the other eleven who were involved in the Bilbao case to here their thoughts on the outcome