... is the URL to Simon's efforts (ON BEHALF OF EVERYBODY)
regarding so-called 'loans' and 'mortgages'.
The 'breakthrough', which Simon identifies, is in the fact that
Power of Attorney is transferred to the Bank/Building Society via
the Title Deed you sign.
This enables THEM to create the Promissory Note necessary to
'purchase' your new home.
Now, in the 2nd Edition of my book, I got it wrong ... slightly. I
said that the Title Deed itself, plus the Mortgage Offer created the
This was wrong. The Title Deed (with the ONE signature ... i.e.
YOURs) creates the Power of Attorney ... which gives them
'authority' to create the Promissory Note WITHOUT TELLING YOU.
So yes ... I was close ... but, Veronica :"Close ... but no
cigar" (as the Americans say).
Now, we did know about this Power of Attorney, but we
couldn't work out "what it was used for".
Actually, now Simon has revealed it, it's "Duhhhh! Smack foreheads
time" ... because it's obvious!
ONE signature ... yours ... can create a Power of Attorney. This
means that 'they' can do ANYTHING IN YOUR NAME ... on your behalf.
Swipe me! It was under our noses all the time!
Following through, is what I've said in my book, etc. This
Promissory Note CREATES 'THE MONEY' (OUT OF THIN AIR) ... to pay -
up front - for your property IN FULL. At the time when you
establish the mortgage.
THEY ARE LENDING YOU BACK THE 'MONEY' YOU ***GIFTED*** TO THEM
IN THE FIRST PLACE ... AND CHARGING YOU INTEREST ON YOUR OWN
MONEY ... WITH THREAT TO TAKE YOUR HONE IF YOU STOP PAYING!
Fraud does not come any more massive than that.
Thus EVERYTHING from then onwards ... monthly so-called 'repayments'
... interest ... charge on your property ... is a SWINDLE. A SCAM
(as I said in my book & Presentations).
And, Simon's advice is excellent. You can 'make waves' WITHOUT
ROCKING YOUR BOAT IN THE SLIGHTEST ... by simply writing to them
(politely) and asking them "If they obtained Power of Attorney
when your mortgage was established".
And, when they say "No", get a copy of the Terms & Conditions
they offered, and READ THEM ... you that bastard "small print"!
AND YOU'LL FIND IT IN THERE, somewhere. It has to be there,
otherwise no mortgage would have been established.
You don't have to stop paying ... so you are perfectly safe ... by
just asking them that question.
If you don't have a copy of their Ts & Cs to hand ... ASK THEM
FOR A COPY. It's bog standard paperwork, which they have by the
ROCK A FEW BOATS.
Let 'them' know that we are on to them.
The more the merrier!