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middlechild

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About middlechild

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  1. Thanks for the response. You have answered my question as to whether or not they can force me to empty the property. However, in response to your comments This has nothing to do with bankruptcy. They have not presented a bankruptcy petition to the courts and there is no reason for them to. They will simply sell the property to recover what I owe. I "was" in financial difficulty. I experienced a setback from which I have since recovered, and as you have said, used the bridge as a stop gap. The bridging loan I got was definitely unregulated. I know the difference. Anyway
  2. I defaulted on a bridging loan and Receivers have been appointed. They have secured the property (changed the locks) and have asked me to book a time to remove my belongings (Torts Notice served). The property was and is my home and my only home but I have not lived there since taking out the bridging loan is because the loan was unregulated and I did not want to be in breach of the terms. However, it was never rented out; in fact, I never removed my belongings from the property. I have never desired to be landlord and the only reason for taking out the loan was to keep my home. This
  3. Thank you. Sounds like a good idea and worth a shot. I will compose something over the weekend.
  4. Hi all, My property was repossessed I was able to raise funds to pay off the balance on my mortgage before it was sold, and got it back. The whole process took a couple of months by which time the default was already showing on my credit file (The default was in fact reported to the CRAs almost immediately; I know this because I checked). Can I get the default removed? I am aware that technically, it should remain for 6 years, is there any likelihood of the lender waving this since I came up with the funds rather quickly after the repossession. Being a large
  5. Oh, one more question. If they insist on the balance in full and I am able to pay half immediately, will they accept this and give me time to pay the remaining half?
  6. Hello again. I have two queries Firstly: I have just read the following on Shelter website and I am a bit confused. After repossession, you are responsible for paying your mortgage until your home is sold. Your payments include: ongoing mortgage and interest payments buildings insurance penalty charges for missed payments maintenance arrears charges The amount you owe could increase even though you can no longer live in the property. I don't think Shelter would put it on their website unless it was accurate info. I was however totally un
  7. Hello. All Shelter could tell me was that I need to talk to a solicitor about whether there had been oppression or abuse of process in my case. To be honest, I do not believe there was either. However, I do believe that the DJ misinterpreted the facts of my case. All he could see was "multiple" warrants for possession. He did not seem to realise that NatWest should not have applied for the second warrant in the first place and the reason they cancelled the eviction and the hearing did not take place was most likely because from the information I provided on the N244, it was clear they wer
  8. Hi Ell-en, thanks for responding. I did make that offer but they said no. Here is an extract from a letter sent to me yesterday as an e-mail attachment "We advise that the bank took possession of your property on the 09/02/2016 and as a result of this we will require the full balance of the mortgage to allow you to have the property back. The approximate balance of your mortgage is £50,469.71. At this stage of the process we would not be able to come to any arrangement with you, we would require the full balance of the mortgage". I have not yet contacted Shelter. I hav
  9. Hello. I am new to this forum. I wish I had joined ages ago. Please bear with me because the full explanation of my situation is quite lengthy. The mortgage start date was 24/01/2008. No payment was missed until 07/2011. I had gone to university in 2009 as a mature student to pursue an undergraduate degree. I was working around my studies when that contract ended, it was difficult to find other employment due to the recession. I was only able to get two short-term contracts during the whole three year period. A repossession order was issued in Jun
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