Help needed. I was to settle on a property subject to sale of mine, recently. My home (the one I was selling) had only just gone under contract and the settlement on the property I was buying was due. The sellers of the one I was buying did not grant an extension and were demanding settlement, as they had purchased another home. Under pressure, I contacted a broker, asking how quickly I could loan money to settle and he immediately put me in touch with a finance company who wanted the home loan set up. From a corporate sense, they had "48 hour" finance they said. At around 3.00 that afternoon, an offer of agreement came which blew my mind. It was an offer stating they lend 430 000 with drawdown costs of 42,000 to give a net loan of 388 000 and a minimum of 3 months interest payable up front for 11,000 a month (I don't have an income anything like this, they knew that). I had 205,000 cash, had paid deposit on the property of ten grand, owned my home which I was selling 367,500 and would almost have broke even after my settlement (as you can see). One fee alone was 18,000. My broker said, 'if you wan this in 48 hours, you have to sign before 3.30'. At this stage, it was an offer agreement, no loan documents had been drawn. All night I was sick knowing it was outrageous, so at 5.30 am next morning, I sent a letter to the broker saying I could not go ahead unless the lender could negotiate the costs. That day, a revised offer arrived - 430,000 drawn down costs to 400,000 in hand. The establishment fee alone had been altered from 18000 to 6,500. Now as the seller was jumping up and down, I signed the offer agreement which stated if I did not go through with the loan, I would pay 2.5 percent of loan amount of 430,000 and half of the establishment fee 6,500, so I estimated it would cost me around 14,000 to just get out of it. Meanwhile, after talking with solicitors, I was advised to ask the sellers again for an extension which they now granted as they knew the circumstances of this financial scam. Please understand no loan documents were drawn up at this stage. One day later, I got a call from the solicitor saying there were loan documents on his desk (never once did the lender speak or contact me). I met with the solicitor who told me these documents were fraught with charges that were not included in the agreement I had signed and advised me not to proceed with the loan. Like I stated earlier, I expected some fees as these were explained in agreement. I never signed the loan documents. This was a Friday. All weekend I tried to contact the lender but I had never been given his number. I emailed him asking him to contact me but received no correspondence at all. By Monday, I had spoken to the broker about there being no early exit conditions (he knew I had wanted to pay it out in a month - no knowledge of exit fees) and the statement in documents saying it was a minimum 3 months interest ( over 33 000), so you see the loans would have cost over 70,000 to get nowhere! Also the company had wanted to do the loan under a company name so it cost me 1000 just to buy a company and the stamp duty would have gone from 11,000 to 18,000. The nightmare goes on... Anyway I withdrew as I said, expecting a bill from the lender for fees 14,000 but received no correspondence. Here's the bomb after not borrowing money and no fee bill today: I received a registered letter they have put a caveat on my property on the day I changed my mind. How can this be possible when they have not sent any bill or even asked for money? I have to resolve it ASAP as these are the type who will put interest on to fees. My solicitor has tried to contact them and I have had no reply as to what they are doing to me. How can this happen? These days, I worked my whole life as a single mother to own my home and now they do this. Please help me?