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 mortgage" with logbook loans but I have found that a chattel mortgage isnt valid in Scotland.
Here is the info and any advice going forward would be appreciated:
LOG BOOK LOANS LTD
Finance house telephone
0870 033 9530
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
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).