Why Does my Mortgage Have a Power of Attorney?
What is the Problem?
This one comes from Joanne in Cumbria. She says:
“I have found a Power of Attorney clause in my mortgage conditions which I knew nothing about. Why does my mortgage company need a Power of Attorney?"
That’s is an excellent question and frankly the answer is not a short one, so make yourself a nice cuppa and get ready while Simon answers this tough nugget of a question.
Your Due Diligence
Before signing anything, you should always know what it is you are...