Written by John Kruse, one of the leading experts on Bailiff Law, this consumer friendly guide is essential reading for anyone who comes into contact with a bailiff.
The book is easy to understand and clearly explains the rights
a bailiff has, and also what they cannot do when collecting debts and repossessing goods etc.
I lost my income in March this year and put my house up for sale. I have a £210000 interest only mortgage.
When I enquired about settlement figure the inevitable ERC was given as £6300. I queried this with Senior Customer Relations Manager on the grounds that I was suffering financial hardship due to being reliant on State Benefits. My request for charges to be waived was declined.
I know there has been many threads on this subject, but as I am unable at 62 to carry the mortgage to a different mortgage product as I have had to face facts of only being able to rent going forward, I see this as a totally different situation to customers who are solvent wanting to just ditch their current mortgage deal and find a better one.
House has not sold in 5 months despite now having 2 Estate Agents acting, whilst also reducing price by £20000.
If mortgage provider loses patience and starts repossession proceedings my belief is that ERC would disappear from equation.
Why therefore should ERC not be waived before it is too late? It is bad enough to lose owning a house and job but giving the mortgage provider an additional £6500 more than borrowed in 2005 when I am only 4 months away from ERC 2 year completion is totally illogical in my situation.
Any solution please??
If you are only 4 months away from the completion of the ERC then I would be inclined to sit back and wait. The house is not sold and even if a buyer appeared tomorrow the paperwork takes at least 6 weeks.
I know it's not easy have you claimed for mortgageinterest relief through the DWP? in some circumstances it can kick in straight away in others you have to be on benefits for 39 wks.
9/8 - Discovered Consumer Action Group Site
RBOS - Personal Account
10/8 - S.A.R - (Subject Access Request) to RBOS
17/5 - Defence lodged by RBS
24/5 - Court date
21/5 - Offer received
22/5 - Offer rejected
25/5 - New offer received and accepted!!!!!!
MBNA Credit Card
10/8 - S.A.R - (Subject Access Request) to MBNA
Feb 07 Received payment in full...Yeh!!!!
RBOS Business Account
25/5 - May 07 - Statements received
23/7 - Offered received
Thanks Vonnie
Yes I have applied for mortgageinterest relief and have been waiting reply from Pension Credits since July 4 when B of S sent back forms to DWP.
What is worrying to me is that I am now claiming Housing Benefit through Local Council simultaneously having vacated Mortgaged property on June 8 due to sale being cancelled 24 hours before exchange of Contracts. Renting had been committed. It was a major shock as vibes had been so positive
Bank Of Scotland Mortgage Penalty Charges
only mortgage
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