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About Me


  1. Hi all, I had a 50%/50% mortgage with an ex partner in 2004 - 2006 when we broke up. The property was repossessed in 2007 (I moved out) and was sold at a loss. In 2009 I received a letter from Drydens Fairfax stating that I/WE owed £32,xxx by way of shortfall. I contacted a solicitor and ended up due to circumstances paying £40/month which I have paid religiously for the last 9 years. BY my reckoning I have paid approx £4,500 to them. A low amount for sure, but I have young dependants and being self-employed my finances aren't what you'd call
  2. My home was repossessed following a relationship breakdown in 2008 by Birmingham Midshires. I was contacted in 2009, 2010, 2012 and 2013 by BM debt collectors chasing the shortfall and each time I did not acknowledge the debt but i did request clarification on how the shortfall came about in a letter from a solicitor I received in 2010. In all my correspondence I highlighted I was not acknowledging the debt to BM or to their representatives. Two weeks ago I received a letter out of the blue from Moorcroft chasing the same debt again and then the weekend just gone I got a chas
  3. Hi Has anybody heard of Alev Uk secured credit ltd. Can’t find a great deal about them. It’s regarding a shortfall on the mortgage after a repossession. Never had a mortgage with them, I’m presume they have bought an old debt. We have never had contact with the lender since repossession 10 years ago! Any help would be appreciated.
  4. Hi Back in august 2008 i had my home repossessed, I owed around £114k and the house was valued at £120k at the time. I had the mortgage(interest only) with db mortgages. I tried to pay off the outstanding arrears of £11k in order for them to overturn the repression the day after eviction but was turned down. I moved back in with my parents and enroled on the electoral register and continued to work for the same employer to today. I left them my new address which i am still at. I then heard nothing until about 2014 i received a cheque for about £180 off them for some
  5. Hello, i'm new here having only just discovered this site I have a residential property with a mortgage in only my name which is all upto date with no arrears. there is about £145,000 equity in it. However i have 4 other charges on the property ( so total 5 inc initial lender) these 4 arose out of BTL props that "went wrong", banks sold the properties off way cheap, leaving shortfall debt which they then turned into secured charges. the total of the shortfall debt is approx £390,000, yes i know , its huge, ( as i said the banks gave the props away) so i have £14
  6. 11 years ago I was taken seriously ill and due to the illness I lost my job and ended up in a financial mess resulting in my house being repossessed. Thankfully my health has stabalised and I'm now starting to get to grips with my financial mess. Having checked my credit reports I noticed Natwest were reporting missed payments each month on two mortgages and a loan and hadn't recorded any of the defaults or CCJ's. I lodged a complaint with Natwest which they upheld due to inaccurate reporting of my credit file when one mortgage and loan had been paid off with a full a final sett
  7. Our house was repossessed in 2009 and sold at auction to recover the outstanding mortgage balance. The sale left a shortfall of £25K+ which the lender came after me for, and being in our late-60s with no savings, assets or investments following a business collapse this is being repaid at £5 per month from Pension Credit sole-income. At this rate it would take over 400 years to settle. I have twice formally requested that this be written off, as it is clear that there is now no expectation in retirement of there being a substantial income or a radical change of circumstan
  8. THREAD NOTE: the OP talks of a CCJ this is infact a DEFAULT MARKER ignore the reference to it being a CCJ. dx - siteteam ........................................................... Hi All, the is my forst post on CAG. I have a question, which im hoping the community will be able to advice me on if it is legal, and if not the steps to take to resolve this. 7 and a half years ago, i split with my X wife, which was quite a bitter split. In her wisdom, when we split and put the marital home up for sale, a few weeks later my x wife took the house off the market,
  9. Hi, Got a letter in today with a demand of £600 for a shortfall in my NI contributions from 2011 - 2015 which was 100% my fault. The letter basically said if it was not paid then they would pass it to a debt collector although no date was given as to when it had to be settled. Called HRMC today and spoke to a guy who was great and advised that i could set up a payment plan but had to transfer me to their debt section to arrange this. Got through to a very arrogant [removed] woman who asked for the full amount to be paid today. I explained that due to the time of the year and
  10. Hello - I'll try and keep this as succinct as possible, which isn't very succinct having read it back. I have a BTL mortgage on a property in which I used to live. The mortgage originally was a repayment mortgage. Due to work relocation I moved out and changed to a BTL mortgage in 2014. became a classic 'reluctant landlord'. The property was let to tenants 2014-early 2017. I decided to sell the property earlier this year via estate agents. There were two offers on the property, over a period of around six months, each about 3 months apart, both of
  11. I had a joint mortgage with my ex, and was left struggling with it after she decided to leave, stopped paying anything and refused any contact. Managed to keep it going for a bit but I was put on the SVR after our 3 year deal ended which doubled the payments, and of course because she wouldn't speak to me I couldn't resign to another fixed deal and get the payments back down so ultimately the property was reposessed in Sept 2011. The property was sold for much less than we'd paid, but the lender marked it as "settled" on my credit file and I heard no more for a year or so, when I receive
  12. Hi all, Newby to this site, approximately 1994 i handed the keys to my house to the lender, i was stupid to do so, i know that now but "old head, young shoulders" an'all that! i bought the house for £32,000 only lived there for about 3-4 years before life hit the skids. i moved around for a few years & ended up in wales, after a while i got a letter demanding approximately £14,000 i just screwed it up & filed it! they'd sold my house for £18,000 expected me to pay the difference for the full original amount borrowed! They repeatedly sent l
  13. hi, I bought a BTL in Glasgow in 2005 at a value of £175,000. The mortgage was £155,000 and fast forward 12 years it was still in neg equity after the crash in 2008. with a host of tenant and service charge issues. in the end i let it get repossessed and it was sold for £139,000 in less than a week. the arrears were £7,000 and im sure there were costs involved in the sale such as estate agents and sols etc which we expected we were expecting s shortfall of circa £30,000. we received a letter with stating a shortfall of just under £45,000?! There was no breakdown of costs or the account ju
  14. Not sure if this is the right place to put it has bèen a while lol please feel free to move it. back in 2008 I repossessed. Not once was I ever contacted by Mortgage company I am right in thinking that if you haven't heard from them on 6 years they can write off the debt, if so i do go after them and chase them for any charges or fees applied or will I be opening a can of worms or let sleeping dogs lay. Apologies for any typo mistakes blame the phone lol
  15. Good afternoon, I have recently found my original finance agreement from Welcome Finance in 2007, for which I believe I was mis-sold shortfall insurance on the agreement. I was told by the salesman that if i did not take the shortfall insurance, then i would not be provided with finance. I had no idea it was optional until recently. I have contacted the FSCS in relation to starting a claim as per the Welcome website, I have the original credit agreement however, I have no details as to who the shortfall insurance was through as a) I was not given any d
  16. Back in 2010 me and my now ex purchased a house (£135,000, the mortgage was only for £121,000) I ended up leaving in early 2012 due to psycological abuse from my ex. My ex chose to keep the house and continue by himself with the mortgage repayments. We agreed that at the end of the first 3 year fixed rate term we would get my name taken off as the 2nd signitory and he could keep the house. Early 2013 and after a last ditch attempt at emotionally blackmailing me to return by saying he couldn't afford the payments (he declined my suggestion to just sell the house or take in
  17. I am having a pretty good time at the minute paying off old debts and I feel really good about some advice I received on here yesterday about my car finance. I was going to make an offer to Shoosmiths about an outstanding mortgage shortfall (£5097.28)but thought I best run the situation by all of you. When I was in financial difficulty back in 2013 it was exasperated by a fallout I had with somebody I bought a house with in 2005. They hadn't been paying towards the mortgage for the previous 5 years and I was covering the cost it by myself. When I had other financial pressures I couldn't a
  18. I received a letter out of the blue recently for a 10 year old mortgage shortfall running in the tens of thousands I wont post up the company details but they are a full member of the council of mortgage lenders. I owned a property with my former partner on a joint mortgage who passed away suddenly over 4 years ago leaving me with 2 small children to bring up on my own. We thought we were insured for payment protection but it did not cover pre existing illnesses for my partners epilepsy. I shut my company to support her through a very difficult time so you get the picture of how things cha
  19. Hello All, This is my first post on here although I have done a tremendous amount of reading on the site trying to work out the best course of action for my wife and our family. I will try to keep it short and succinct: We bought a house in 2007, with a GMAC mortgage, I lost my job in 2009 and we ended up in arrears, the mortgage changed to Mortgage Express, the house was sold with a shortfall of £30k. We have been paying £50/month ever since up to last month (April 2016). I received a letter from a solicitors mid March saying they were acting for their client Bradford and Bing
  20. Hello, I hope someone is kind enough to help. I won't go into names or numbers as I know many banks and their Lawyers/ Debt collectors are avid readers of such forums. I have a mortgage shortfall debt after a repo. The banks Solicitors wrote to me and requested a repayment of the shortfall. This has been going on now for a approx 2 years. I made a few offers of a full and final which they declined. They then countered my offer on a Without Prejuduce basis but I could not afford to pay the sum requested at the time. I am now in a position to borrow the counte
  21. OK, not sure if I'm missing something but I'm thoroughly confused by this.. I have a secured mortgage with Acenden that is due to end in February next year. I got into arrears with them about 4 years ago but cleared them and have kept my nose clean ever since. Last week they sent me a odd letter telling me about the end date, informing me of the current balance (~£2500) that they will carry on collecting my monthly payments and that I don't need take any further action at this time. However they then go on to say that that I should make arrangements to pay any outstanding balance ful
  22. Hi Again, I'm still struggling with Accord mortgages over a shortfall from them selling the property for half of what was paid 9 years ago. My ex did a deal recently so I'm left with my half of the debt. I've made a small settlement offer 8% of debt over a month ago. Accord keep pushing me to deal with them over the phone, which I have no wish to do. They also keep pestering me to fill in an expenditure form. I've explained I'm about to be out of work so I don't see how filling in the form is a fair representation of my financial position given I have one more pay day before
  23. Hi, Wonder if anyone can help me with some advice. Me and my partner at the time took out a mortgage for 100k back in 2004. In 2006 my partner walked out on me and left me paying the mortgage. We came to the agreement that she would pay £100 a month and I would pay the remaining £500 until we found a buyer. Unfortunately we ended up in arrears as I was foolishly paying her the money and she wasn't passing this on to the lender. I then said enough was enough and we handed the keys back as I couldn't get her to pay anything towards our joint mortgage. She
  24. Hi, I'm looking for a little advice regarding a BTL I get involved with in 2007. A friend talked me into "buying" a BTL flat, I never saw it and only ever paid £1000 to secure it, I ended up with a flat and £165k interest-only mortgage. But it was a bit strange as I ended up with £10k cash from the deal as the flat was valued much higher than the mortgage, as it was bundled up with several other flats. it was the biggest mistake of my life, the rent didn't cover the mortgage payments and the service fees etc. I was taken in by the "on averag
  25. Been in arrears with SPML, had warrants suspended, paid off arrears then fell back again. One month ago before Judge X the case was adjourned until 13th February pending the payment of £4156 before 31st January. Due to matters beyond our control this did not happen. However, at court on Friday we were listed to sit before a nice lady judge, Judge Z. When SPML's solicitors realised this they weren't happy especially as Judge Z was quite obviously leaning in our favour. She even said 'in the current economic climate repossession helps neither party...'. But my oppo managed to persuade
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