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gprit

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Everything posted by gprit

  1. Afraid not in France.....they just don't do the same things as available in UK.
  2. Value €600,000 with mortgage on it of €250,000 but not possible to release equity as the mortgage is with French Bank and they don' do that(!)
  3. Property was in my late wife's name, mortgage with J P Morgan. When she died they would not transfer mortgage to me as 'they were no longer lending'. I continued to pay the monthly interest as Executor - never late or missed payment through whole term. Mortgage is £68,000, value £70,000, funds held £28,000. The mortgage term has now expired and they threaten possession if not repaid within one month. I cannot get a remortgage at my age (68) and there IS a repayment vehicle in place - a large house in France that I am selling - but obviously not sold yet as the market there is depressed. More than enough to repay. Any advice?
  4. Well, that was in the wording of the offer to write it off - I don't have a real problem with that. The actual entry of the PS debt is not in the current section - it is in the History - hence the second part of my question.
  5. I had major debts with NatWest / NWHL during the property downturn. Natwest Bank obtained a CCJ over our property (strictly speaking it was a Registration of interest as the debt was in my name but the property was in joint names with my wife). The property was mortgaged to NWHL. The property was sold approx 3 years ago, with a mortgage shortfall, so the CCJ was then meaningless. Still owed substantial amounts to NatWest Bank and NWHL. In April NatWest and NWHL agreed to write off the total debt and have marked my credit file as partially settled, which is fine. However, the CCJ is still showing - is this correct or should they have removed that ? Second question - when companies make credit searches do they only see/look at current situation or do they see history also?
  6. Fully mortgaged - although I could raise 25% of the value from savings. re-mortgage is simpy not feasible - I have talked to many about doing that, this is why I am asking what the mortgagor might do when the term expires. The French property has much much more equity than is needed to repay the UK mortgage, but cannot be unlocked - French banks etc don't allow. UK companies don't touch French properties, especially now that I am retired.
  7. Cannot do that, and as of retirment age cannot re-mortgage in the Uk either.
  8. Yes...but the market is pretty dead right now.......the equity is more than enough to cover the UK mortgage when eventually sold.
  9. Posted elsewher but was told to start new thread, so......our interest only mortgage with J P Morgan is due to expire early next year. The repayment vehicle is that I have a house in France that will more than repay the mortgage. (all payments up to date, never missed or been late with any). My concern is what happens if the house in France has not sold by then (the property market there is pretty dead)?
  10. Nobody have any comments on this one???
  11. On a similar thread, our interest only mortgage with J P Morgan is due to expire early next year. The repayment vehicle is that I have a house in France that will more than repay the mortgage. (all payments up to date, never missed or been late with any). My worry is what happens if the house in France has not sold by then (the property market there is pretty dead)? .
  12. I was requested (signed order form) to design and implement a website for a Flower shop. The order form was signed by the daughter (assumed partner) in front of the mother (owner), and the mother signed the deposit cheque. Initially the owners daughter took responsibility for requirements and a website was duly constructed in line with those requirements. However, the daughter then left the business and the mother said she didn't like the website and wanted a different design, which I duly did and virtually completed. Everything seemed fine and emails prove this. Then suddenly I had an email saying the business was closed and that she no longer needed a website. My view is that I had completed not just the one website but TWO (without additional charge) and that I should be paid the balance owing of £250.00 I have been told she will not pay me. Is this a valid case to take to small claims court??
  13. Re: Defaults on file I had a Default notice from NWHL in 2012 for not keeping up mortgage payments. This was for approx £550,000. Subsequently the amount owing has been reduced to £40,000. Checking my credit report last month I see two things: 1) The entry does not state it is defaulted - it says satisfactory 2) The balance on the NWHL mortgage shows £465,00 approx - a figure I cannot reconcile with anything. I wrote to NWHL asking them to correct the balance, but they have replied stating that as the entry was registered when the default notice was issued they cannot amend. Is this correct?
  14. Similar subject so trust ok to post here? I had a Default notice from NWHL in 2012 for not keeping up mortgage payments. This was for approx £550,000. Subsequently the amount owing has been reduced to £40,000. Checking my credit report last month I see two things: 1) The entry does not state it is defaulted - it says satisfactory 2) The balance on the NWHL mortgage shows £465,00 approx - a figure I cannot reconcile with anything. I wrote to NWHL asking them to correct the balance, but they have replied stating that as the entry was registered when the default notice was issued they cannot amend. Is this correct? have I
  15. Am I correct in believing that we should be entitled to mortgage interest assistance? I was in receipt of Guaranteed Pension Credit as I was under 65. My wife was over 65 and so not entitled to claim. Less that 16k savings etc etc. However, the house we live in was in the name of my wife only, even though ALL mortgage payments have been made by me out of my own account. Am I entitled to claim this assistance?
  16. Was never charged any penalty charges, only interest (which stopped well before Charging Order). Never purchased PPI in my life.
  17. No penalty charges - the debts were 'frozen' when the Charging Order was made. There is no reason for NatWest quoting higher amounts unless they are TRYING to add interest.
  18. Thanks - I had another look through the statements (I am meticulous in filing things!) The debts consisted of three overdrafts and an unsecured loan. Have had NO statements for the overdrafts at all. Had ONE statement for the unsecured loan covering July 2011 - 2012 no interest added. No other communication about interest. Letter received this morning is first time I have heard from them since the propety was sold mid September.
  19. Just the odd one or two statements - no interest shown. "I think it will probably be granted relief if it can show it has provided post judgment s130A notices" -- what does that mean (sorry!)
  20. That's what i thought - just wanted a second opinion before I respond to them. thanks
  21. I had a Charging Order made against me for a property that is now sold. The Court ordered (and it was accepted) that I pay a nominal £1/month to the judgement, and that NO interest was payable. No payments have been missed. The property has finally been sold but there was insufficient equity to pay ANY of the charging Order. NatWest have now written to me (finally, over three months after the sale) to request repayment/proposals to repay (which I cannot do). They do however quote higher figures for the three accounts making up the charging order. What I suspect is that they have added interest not sure if from the start of charging order (Feb 2010) or since the sale. Charging Order £40,117.56....amount now claimed £44,461. Can they start charging interest without any prior reference to me or the Court?
  22. An update....NWHL were granted a Possession order by the Court in March 2012, effective after 28 days. The property has been sold in September but through agents previously appointed by me, even though they had to liaise with NWHL. Now, my question is that the local authority are claiming Council Tax for the few months it was empty (after the allowed six months). I pointed them to the fact that a Court re-possession order was granted in March effective April and that hence none was due. However, NWHL never offically followed this repossession order through (no locks changed etc etc). Can someone confirm that despite this I am correc t in stating no Council tax is due because they were granted a re-possession order, even if they did not fully act on it.
  23. I have credit card debts with Halifax/BOS. It seems they have sold these on to Cabot Financial. I have had an agreement with Halifax for long time that interest would be frozen and they accepted nominal monthly payment in line with CCCS recommendation (up to date). I have just received letter from Cabot Financial thanking me for the recent payment BUT, they go on to say "we'll continue to charge interest on your account until we've agreed a repayment plan with you". Can they ignore the agreement with Halifax/BOS and start charging me interest??? I would have thought that when they bought the debt they took over the agreement rewgarding frozen interest and payment that I had in place? Before I write back I'd appreciate any advice on this.
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