IBAS - Independent Banking Advisory Service
Updated 13th November 2023
Mr B bought a property in 2004. All went well for 2 years until the tenant failed to pay rent and by 2006 Mr B was forced to legally evict them. Mr B attempted to ‘keep up’ his mortgage payments but without the tenant’s rent and with the extra costs incurred mortgage arrears accumulated.
IBAS agreed to fully investigate Mr B’s case and all that had occurred since 2006 under membership.
The result shown by Mr B's Testimonial (below) was due to our 'in depth' investigations over many many hours which then led to a very good result for the borrower being achieved.
Mr B's Testimonial for IBAS is shown below -
Mr B's Testimonial for IBAS
"I am absolutely lost for words with this outcome. I would like to thank all the staff of IBAS who have worked on my case or in the background.
You have lifted a huge burden of debt off my shoulders and saved my home from the clutches of (Lender's name redacted). I appreciate all the work you have done for me, right from the first day when you took my phone call.
Independent Banking Advisory Service have totally exceeded my expectations.
Whilst I was pinning my best hope on IBAS negotiating a reduced final settlement that I’ll be paying off for years to come, you managed to get a bigger and better outcome for me. The incredible letter written to the Regulators was beautifully crafted and presented to achieve a purpose and it did.
That letter showed the meticulous investigation and analysis IBAS did on my file and you were able to extract all the key points from the investigation and presented them in a logical order to the Regulator to achieve maximum impact.
IBAS analysis revealed aspects of my case and conduct of the lender that I wasn’t even aware of myself. As a result, the lender knew the game was up. They threw in the towel and wrote off the entire mortgage shortfall debt of £70,000 remaining.
I feel a huge sense relief after 15 years of stress and the lender hoping to recover their inflated debt from my home. In many ways, IBAS is the real winner in this case.
Their dual knowledge of the rule book and how banks sometimes operate on the fringes of legal conduct and what is morally acceptable, allows them to spot where questionable act and actual misconduct has taken place.
IBAS is quietly providing a very valuable service to the public but they’re not as widely known as they should be. It took me numerous Google searches before I found IBAS website.
I would recommend IBAS to anyone in the UK who is having problems with their bank or mortgage lender. Don’t try doing it by yourself, allow IBAS, the professionals to sort it for you. Thank you IBAS!"
If you have recently received a Mortgage Shortfall Debt Claim from a solicitor then email IBAS with your concerns
If you have any uncertainty regarding your Mortgage Lender email us with your concerns
The major difference between IBAS and any other advice organization is the depth of IBAS specialist knowledge and greater banking experience from investigating business banking dispute cases for 30 years.
Combined it provides IBAS members with better value and a better chance of success.
IBAS investigate, Challenge and Resolve UK Mortgage Shortfall Debt Claims.
By 2002 Independent Banking Advisory Service had obtained in excess of £21 million in refunds, write-offs and write-down of bank debt for Business Banking customers from successful investigations of UK Business Banking Disputes
IBAS has featured on BBC TV, BBC TV News, ITV News, Meridian TV and Sky TV News since 1992 and contributed banking editorials and business banking articles for Sunday Times, Times, Daily Mail, Daily Express, Telegraph and Daily Mirror.
Independent Banking Advisory Service (IBAS) - launched in 1992 and are UK Specialist Business Banking Dispute Resolution Experts assisting and advising UK Business Bank customers with UK business banking account overdraft, loan disputes and business banking debt disputes.