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You are here: Home / ‘Devastated’: Melbourne pensioners could lose home after $280,000 ‘fraud’ by Westpac introducer

‘Devastated’: Melbourne pensioners could lose home after $280,000 ‘fraud’ by Westpac introducer

· February 21, 2020 ·

An elderly Melbourne couple could be left homeless by Westpac after discovering the mortgage they had been diligently paying off for the past 10 years was based on a “fraud”. Miriam Wright, 70, and her husband Michael, 72, made the shocking discovery on a visit to their bank branch last year — when they were told they had to cough up $280,000 within months. “We were devastated,” Mrs Wright told news.com.au. Mr Wright is gravely ill with emphysema and asbestosis, and the pensioners are pleading with Westpac not to foreclose on the family home where they have lived for more than three decades. The couple, who are both illiterate, allege that the loan application filled out on their behalf by a third-party “introducer” was fraudulent and Westpac failed to double check the information. Miriam’s name was even misspelt. Westpac has told news.com.au it will “conduct a thorough review” of the loan and “take further action if any wrongdoing is found”. The bank said it would see if there was a “resolution” that would avoid the couple being turfed from their home. The Melbourne couple said they were fraudulently signed up to a mortgage. Picture: Mark Metcalfe/Getty Images.Source:Getty Images The application… Read full this story

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‘Devastated’: Melbourne pensioners could lose home after $280,000 ‘fraud’ by Westpac introducer have 330 words, post on www.news.com.au at February 21, 2020. This is cached page on Vietnam Colors. If you want remove this page, please contact us.

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