Consumer Action Group envelope labels
You are part of a community of over 185,000 people.
Let your bank know that you won't give in.
Display one of our labels on your envelopes.
 Full description here
Sheet of 20 self-adhesive envelope labels
£3.50 inc p&p
|
Do your Internet search here
Your Internet search-box
Reclaim the Right Ltd. - reg.05783665 in the UK
reg. office:- 923 Finchley Road
London
NW11 7PE
| | | | Do your Internet search here:-
Your Internet searchbox
Come and chat with us here (NB: External site NOT affiliated with CAG)
| | | CAG Announcements
| |
Welcome Guest
Please register
Registration is free
There are no charges for using any of the facilities of this website.
If this is your first visit, be sure to check out the FAQ.
You will have to register before you can post.
To start viewing messages, select the forum that you want to visit from the selection below.
You will also have to register to access our template letters and claims forms
registration is free
Are you being threatened over debts more than 6 years old?
This may be unfair
See our new Unfair Trading Guide Bought an extended warranty?
Not satisfied?
The warranty may be an example of unfair trading
See our new Unfair Trading Guide Have you been defaulted?
Would you like to clean up your credit file?
Check it out
Are you a victim of unfair trading?
Check it out
The Consumer Protection from Unfair Trading Regs 2008 Have you been defaulted?
Would you like to clean up your credit file?
Check it out
| | | | | | | Mortgages and Secured Loans Advice on dealing with secured debt | Welcome to The Consumer Action Group
and
The Bank Action Group
Before beginning to claim your bank charges be sure to read the FAQ by clicking the link above. Read it carefully and also read as much of the forum material as you can manage before you start claiming your bank charges refund.
You will have to register before you can post or view the materials which may assist you in reclaiming your penalty charges: click the register link above to proceed.
To start viewing messages, select the forum that you want to visit from the selection below. Understand what you are doing and you will be able to Reclaim the Right more effectively.
Why don't you come and introduce yourself in the Welcome section at the top of the forum. Then have a look around the rest of it.
Do not post or start claiming until you have read the entire FAQ section and step by step guides and you have a good basic idea of what to do and of the layout of the forum.
Good luck claiming your bank charges. We strongly suggest that you register under a UserID and not your own name |  | 
7th May 2007, 11:53
|
#2 (permalink)
| | Basic Account Customer |  Re: mortgage company rejects payment plan but cashes cheque!!
Quote:
Originally Posted by itsamomentintime  due to cash flow problems, i am unable to pay my mortgage at the moment. i informed my provider of this by letter and asked for some breathing space, and included a chq for £50 as a 'nominal' payment (all i can afford at present).
they wrote back stating that, as i have a buy-to-let mortgage, they wont comply with my request for breathing space, but cashed the chq anyway.
any advice, anyone? | As far as I am aware, they have every right to do this. If you owe money and you send them a payment, they do not have to abide by any terms and conditions attached to the payment, unless those terms are agreed beforehand.
Anyone making a "full and final settlement" offer needs to bear this in mind. Do not send the payment until you have it agreed.
Can't offer much advice on your underlying problem though. I would assume that the bank are less than sympathetic because they feel that you should sell the property and pay off the debt (assuming you are not in negative equity).
Remember buy-to-let is seen as a business to them and your "breathing space" is their profit margin. | 
|  | |
7th May 2007, 14:54
|
#3 (permalink)
| | Classic Account Customer | Re: mortgage company rejects payment plan but cashes cheque!!
As you have a buy to let mortgage, and all buy to let mortgages in the u.k are set on the following terms and conditions, the rent is bewteen 120% - 150% higher than the mortgage of the property, this is to make sure the monthly payments are met, you need to either get a tennant in, or sell the property, because the mortgage provider will sell the property as an on going concern, or sell well below market value, and chase you for the short fall, sorry to be a sour puss, but it is as is | |
| |
Do your Internet search here:
The Consumer Action Group and The Bank Action Group are registered trademarks
Reclaim the Right Ltd. - reg.05783665 in the UK
reg. office:- 923 Finchley Road,
London,
NW11 7PE
Search Engine Friendly URLs by vBSEO 3.0.0 RC6 © 2006, Crawlability, Inc.
|
