get possesed i supposed,just thought i would ask,thanks.

thank you all for advise and guidance,i would like to ask one more question if i may, i can make a payment this month just full amount as per court order,but, now i have become out of work again within a week of the court order date and the statement of means. so:| will have to wait until i get regular income again,and say make a part payment,in the next month,is that it,all lost ? they get the property ? i can make this months payment at end of june,but worry that i wont be able to next month,i have had a letter from the court granting posession if the payment is missed with the extra on top. sorry to ask advice on this,i i know many are in similar situations and the advisors are very busy,i would just kindly like to ask,what are my options if i cannot meet the next months payment,knowing the mortgage company now hold the aces and will probably not now give anymore time.my self employed self cert mortgage was ok before the credit so called crunch,but now,like many out there,what can we do if work stops and we still have a history of full work ?

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perhaps you are very fortunate that you are able to understand the terms of your loan agreement.as such know all the fees etc. i know someone,whom has paid back 95 percent of a loan from them and find themselves now owing not just the original loan amount,but twice that much as well,having paid back almost the capital borrowing amount,plus interest for 6 years.on a self cert broker issued secured loan,that stated this is the only loan you can get. they have asked for help and advice as to stop the account climbing irresponsibly or unnessarilly higher,when work and income situations change. knowing the customer cannot possibly ever realistically pay it off,unless fees and costs are stopped for a while,if costs and interest and other nefarious fees are added.that is with statements of means etc,that were answered by the companies representative answer,provable,saying,we dont care,we are not regulated.that is what they said !!!! that someone i know,is dumfounded and has nowhere to turn to sort this out now.further phone calls and further begging letters were answered by the words our charges stand. the letters are real as well stating that the costs and fees are what you have to pay,as in have to. they also state,we are not regulated via phone calls,when you ring them for help and advice,they have deliberatley sent excessive amounts of letters,made extremely excessive amount of phone calls,are unanswered ones charged?and it would be deemed harrasment if pursued. it is with great reluctance that i am even answering to your thread,the company that you are speaking about that you are unsure about with regards to fees etc,i can only say this,ring them,ask them, write to them,ask them,email them,beg them,to give you the information you are rightly and legally obliged to get from them. then,peruse and see if you have or have not got an account disagreement that needs sorting out. btw, repossession is very very real for these companies regardless of what you may think a judge will say. thats the scary bit.

no not really,i didnt have an argument about the arrears,i was in arrears end of.what concerns me most is why the charges just build up and up and up so that i can never realistically repay the whole now owned amount.on the second charge.as in it is not equitable as to how the main mortgage did not apply,or at least i dont think they had,vast interest demands applied to the total balance that is now applied to the secured second loan.

yes thank you for asking,i especially would like to thank ell for the the fast help and advice that was given to me which i used to at the hearing. suspended order on condition of payments plus extra. tricky bit now is another hearing for repo coming up with second charge arrear that is with a sub company of the one i just went to court with. that one i really do struggle with.i can understand the main mortgage and the way it has been administered etc,but the second charge and the astronomical costs to me because of missed payments over the years really do give a cause for sleepless nights. just imagine borrowing say 5k,from a company that already holds your main mortgage,which has arrears,so borrow off their other company to clear the arrears,then,as self employed work goes wrong etc,manage to always pay for say 5 years and get back on track,find that they say you now owe 15 thousand pounds.that to me is very very sickening.and very very hard too know what to do about it,because it is interest on the monthly amount that far exceeds the monthly payment.i cannot find any where online that justifies the ballooning loan or indeed anywher online that points to a way of stopping it from getting worse. thanks for asking. btw,also imagine having paid off 4.5k off that loan then still owe 15k !!!!!!!!!!!

ok thanks

thanks for the template ell,it is a great help and i will use it. many thanks for going out of your way to advise me as well.

thank you ell for advise,i am at court tommorow for restored posession and dont know what i would need as a statement

"we can confirm that we have calculated that your account was overcharged and that we have credited your account by £,including interest. the refund due has been credited to your account and will be shown as fees and redress on your next statement.Please note,that if you are currently in arrears,this credit will not affect your current arrears position." yes just thanks

thanks for post

court gave suspension thanks ell