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Found 16 results

  1. Hello, I have never used anything like this before but me and my partner are desperate for some advice. On Friday we received a letter from the bank saying they are taking our case to court to start repossession proceeding due to mortgage arrears. The case is to be heard on November 5th 2014 and we are beside ourselves with worry. Here's the story: My partner took out a mortgage to buy the property we are both living in back in 2005 with his ex parter. They are both on the deeds although she paid nothing towards the deposit (that is another matter) They broke up in 2010 an
  2. In 2008 I had a run of bad luck, firstly I lost my well paid job and had to take a much lower paid job and then I became poorly and was unable to work so only got paid SSP. Long story short I defaulted on my mortgage and my house was repossessed at age 27. I moved to rented accommodation and waited to hear from Northern Rock about my situation. They never contacted me so when I moved again I sent them a letter with my new address details and asked them what was happening with my defaulted mortgage. They still didn't write back to me. A lawyer friend advised me that they had probably written of
  3. Whilst researching my fight against a GE Money eviction (a successful fight for me) I came across reference to reclaiming unfair arrears charges. On looking thro my mortgage statements I have found that GE Money have been hitting me for 1) Admin fees £40 2) Default Notice Charges £30 3) Debt Counselling Fees £48 & £88 4) Solicitors Fees total £480 5) Additional interest varies every month They say items 1-4 are all interest bearing so I presume the additional interest they are charging is on these items. Goodness knows what interest rate they are charging, The interest b
  4. Can someone tell me the steps by which mortgage arrears formally become a default? Not so hypothetical situation - 6 months of arrears followed by sale of the house with full redemption of the joint mortgage. At what point, and in what format, would any Default have been issued or recorded? (It appears on the credit record as Settled but also Default.) I'm trying to determine whether the default was correctly issued/recorded and who/how I should have been informed, given that I was not living there at the time. Please note that I am not trying to determine blame for non-payment of th
  5. Hi everyone, My wife and I separated last year. We have a mortgage in joint names for a property that neither of us now live in, with Platform Home Loans. The property is empty. Because we both now live completely separate lives in new accommodation (rented) neither of us can afford to pay the mortgage in full. We don't want to keep the house, we just want rid. The house has been up for sale since early Dec 2012. We did get into some hefty arrears before we split, and Platform have a suspended court order over the house. Platform are threatening to a
  6. hi everyone ............ i am writing after reading some of forums and seeing the excellent advice offered i have tried some of the normal advice streams credit councelling and CAB etc they are ok in that they give you the leaflets and standard replies but this doesn't help ok i will try to explain my problem best i can i am self employed in january 2010 i lost my main contract this made things difficult and income fell significantly. i had outstanding income and some savings i manged to keep up some work which gave a small income bearly enough to live day to day let alone surv
  7. Hi, I'm experienced in dealing with DCA's with regard to credit cards but I now have a problem with natwest mortgages. I believed myself to be three months in arrears (of which I paid one month on Friday sent by recorded post BTW). the reason I'm in arrears is not a lack of affordability under normal circumstances but the property in question is tenanted and I have had a succession of very unfortunate events happen inclusing collapsed ceilings, burst boilers, faulty electrics, dead dishwasher not to mention two months void. This has led to a very tight financial situation as you can imagine.
  8. Hi - URGENT! I wonder if anyone can help please? In March 201 (ie 20 months ago) I had arrears of about £50,000 on my 530,000 mortgage. Derbyshire Home Loans took me to court and got a possession order which I was able to suspend subject to paying an extra £800 a month on top of the contracted monthly amount of £2300. I am self employed and have had a very difficult summer with clients deferring business until November/December/January. This has meant that I am 3 months behind with my new payments (although and including one payment I made last month (September)). I heard nothing from them bu
  9. Thanks you in advance for your time taken considering my difficulty and your help. I am currently £10,000 in arrears with my mortgage of £299,995 and have been unable to make payments now for 3 months (£1400 approx monthly). The majority of the arrears were accrued in 2009 and since then I have had an arrangement to pay interest only which i have kept to until 3 months ago. My job lost it's funding last August 2010 and since then I have been working on a self employed basis and also selling most of what I owned to keep up to date with the agreement however, my father suddenly beca
  10. Hi Everyone I have had a mortgage for what seems a lifetime with the Halifax (1985/86). This was on an endowment basis. I have subsequently transferred to a repayment tracker mortgage before the proverbial hit the fan. Over the years i have successfully staved of one repossession order, but i have another for which i have made an arrangement for. I have decided to try and get back the various charges that have been levied on my account, and I have just recieved the DSAR information from Halifax (3inch thick pack). Question. How far can I go back? I have noticed
  11. I was wondering if anyone could tell me where I stand. A repossession order was served against my property and suspended in July 2008. In November 2010 I cleared all the arrears, since then I have fallen into arrears again and the company is saying they are going to implement the order from 2008. I thought that order was no longer valid as I had settled the debt it related to. I did try talking to their representation today, but to be honest although they told me they could still enforce the order, it was more of a I believe / I think kind of response as opposed to the normal you ar
  12. Dear All, I am sorry to ask for help and guidance but i need assistance urgently. In March 2007, Halifax obtained a suspended possession order against me. I made the agreed payments and about a year later they capitalised the arrears. In September last year my left me without any warning leaving me with our disabled daughter. 60% of the household income gone in a flash. I spoke to my lender and it was agreed that i pay £50 per month until tax credits etc were sorted out. Tax credits etc eventually sorted out in January this year but by the time I had paid the Gas/
  13. I am currently running a claim on behalf of my brother from Barclays now Woolwich mortgages for charges of £40per month for arrears admin charges. Barclays have issued him with their final response with a resounding no so taking it to court, I am unsure how restitution would be calculated on the claim and appreciate any help cheers
  14. I was forced to sell my house due to charges and ridiculous interest rates being charged by Bear Stearns. That was in 2001 and I would like to bring a case against them and recover the money, however I don't know if I can do this because of the 6 year rule. Also, I don't live in the UK any more and would need a solicitor to take action on my behalf. So if it is possible to make a claim can anyone recommend a good solicitor.
  15. I am a carer looking after a 60 year old lady with serious primary & secondary cancer. She has recently undergone chemo & a number of major surgical procedures. She is a person of note in her community (MBE etc) who was self employed & whose income paid for her £965,000 mortgage. Since developing the cancer she has become unable to work. Unfortunately, due to a mess up, she did not have mortgage protection or appropriate health insurance. She has only been able to make payments of about 25% of the monthly interest payments due and, as you would expect, the bank have become
  16. Hi, My friend, yes not me honest! has just recieved a 28 possession order yesterday. He is beside himself with worry and has suffered a serious breakdown before, which is why i writing on his behalf, also im not new to this so can help as well. He went to court, told him to get there early as mediation or a"chat" with the other side is usually possible, he offered the contractual payment plus £100 per month, he is currently unemployed as was also made bankrupt which meant he couldnt find any work in his field which is mortgages ironically. He was unemployed for a while and was g
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