Patricia Pearl - Small Claims Procedure - A Practical Guide


An excellent guide for the layperson in how to use the County Court - a must if you are intending to start a claim.

£19.99 + £1.50 (P&P)

+ Reply to Thread
Results 1 to 2 of 2
  1. #1
    Basic Account Holder logbookloanhell Novitiate

    Follow Real_CAG on Twitter

    Cagger since
    May 2010
    Posts
    22

    Default HPI shows Chattel Mortgage

    Hi folks,

    Sorry to be more of a pain but more advice on the following.

    Done an hpi check on my car which throws up a "chattel mortgageicon" with logbook loans but I have found that a chattel mortgageicon isnt valid in Scotland.

    Here is the info and any advice going forward would be appreciated:

    Outstanding finance

    Recorded against
    VRM
    Description
    x
    Date
    x/x/2010
    Finance house
    LOG BOOK LOANS LTD
    Finance house telephone
    0870 033 9530
    Agreement reference
    xxxxxxxx
    Agreement type
    Chattel Mortgage
    This is a complicated area of lending and is sometimes referred to as a 'Bill of Sale'. A Chattel mortgage might give the finance company right of ownership over the vehicle and you would be advised to make further enquiries before purchasing.



    Now if this is classified as a chattel mortgage,I found the following statement on IFS Financial

    Chattel Mortgages
    A chattel mortgage is a type of fixed charge taken over identifiable and moveable assets such as plant and machinery. Chattels are defined as any property other than freehold land. Chattel mortgages are normally only available if the customer is a corporate body in England and Wales (Scotland does not recognize them except for ships or aircraft).


  2. #2
    Basic Account Holder trooper68 Novitiate

    Follow Real_CAG on Twitter

    Cagger since
    Mar 2009
    Posts
    555

    Default Re: HPI shows Chattel Mortgage

    Quote Originally Posted by logbookloanhell View Post
    Hi folks,

    Sorry to be more of a pain but more advice on the following.

    Done an hpi check on my car which throws up a "chattel mortgageicon" with logbook loans but I have found that a chattel mortgageicon isnt valid in Scotland.

    Here is the info and any advice going forward would be appreciated:

    Outstanding finance

    Recorded against
    VRM
    Description
    x
    Date
    x/x/2010
    Finance house
    LOG BOOK LOANS LTD
    Finance house telephone
    0870 033 9530
    Agreement reference
    xxxxxxxx
    Agreement type
    Chattel Mortgage
    This is a complicated area of lending and is sometimes referred to as a 'Bill of Sale'. A Chattel mortgage might give the finance company right of ownership over the vehicle and you would be advised to make further enquiries before purchasing.



    Now if this is classified as a chattel mortgage,I found the following statement on IFS Financial

    Chattel Mortgages
    A chattel mortgage is a type of fixed charge taken over identifiable and moveable assets such as plant and machinery. Chattels are defined as any property other than freehold land. Chattel mortgages are normally only available if the customer is a corporate body in England and Wales (Scotland does not recognize them except for ships or aircraft).

    As i said in a previous post, they are not valid in Scotland. My advise is go see a Sol, give them the info, ask him to send a letter insisiting that they drop chasing you and your car, remove the marker and any attempt to cease the car would be acted on, have a copy for your records. Ask the Sol about unjust enrichmenticon in scots law...

    Keep in mind that they "think" they have the law on there side.

    Trooper68



Viewing CAG on a small screen? Switch to the mobile version of the site

Reclaim the Right Ltd. - reg.05783665 in the UK reg. office:- 923 Finchley Road London NW11 7PE