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    • I googled "prescribed disability" to see where it is defined for the purposes of S.92. I found HMRC's definition, which included deafness. I don't  think anyone is saying deaf people cant drive, though! digging deeper,  Is it that “prescribed disability” (for the purposes of S.88 and S.92) is defined at: The Motor Vehicles (Driving Licences) Regulations 1999 WWW.LEGISLATION.GOV.UK These Regulations consolidate with amendments the Motor Vehicles (Driving Licences) Regulations 1996...   ….. and sleep apnoea / increased daytime sleepiness is NOT included there directly as a condition but only becomes prescribed under “liability to sudden attacks of disabling giddiness or fainting” (but falling asleep isn't fainting!), so it isn’t defined there as a “prescribed disability”  Yet, under S.92(2)(b) RTA 1988 “ any other disability likely to cause the driving of a vehicle by him in pursuance of a licence to be a source of danger to the public" So (IMHO) sleep apnea / daytime sleepiness MIGHT be a prescribed disability, but only if it causes likelihood of "driving being a source of danger to the public" : which is where meeting / not meeting the medical standard of fitness to drive comes into play?  
    • You can counter a Judges's question on why you didn't respond by pointing out that any company that charges you with stopping at a zebra crossing is likely to be of a criminal mentality and so unlikely to cancel the PCN plus you didn't want to give away any knowledge you had at that time that could allow them to counteract your claim if it went to Court. There are many ways in which you can see off their stupid claim-you will see them in other threads  where our members have been caught by Met at other airports as well as Bristol.  Time and again they take motorists to Court for "NO Stopping" apparently completely forgetting that the have lost doing that because no stopping is prohibitory and cannot form a contract. Yet they keep on issuing PCNs because so many people just pay up . Crazy . You can see what chuckleheads they are when you read their Claim form which is pursuing you as the driver or the keeper. they don't seem to understand that on airport land because of the Bye laws, the keeper is never liable.   
    • The video-sharing app told the BBC that a "very limited" number of accounts had been compromised.View the full article
    • The King is the second monarch to appear on Bank of England notes which will be fed gradually into the system.View the full article
    • The King is the second monarch to appear on Bank of England notes which will be fed gradually into the system.View the full article
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      OT APPROVED, 365MC637, FAROOQ, EVRi, 12.07.23 (BRENT) - J v4.pdf
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Multiple Buy to let nightmare


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Does anyone have experience of multiple property repossessions, and the subsequent shortfall debts thereon with multiple lenders?

a) How are they dealt with on a large scale?

b) Whets the chance of F&F offer acceptance on the shortfall amounts v going BR and the lenders getting nowt.

c) Negotiation on large debts

Any help/info gladly received, PM me if it’s a strategy

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Hi

18 properties,

They are all residential properties on a Buy to let mortages, no MIG was ever paid ( or asked for) on application/completion

[sIGPIC][/sIGPIC]....Please don't bother my master 'cos my sister & I might bite you...

 

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Well, if the lenders are presented with the option of either Bankruptcy or a Full & Final settlement I'm sure they would opt for the latter. You would need to make it clear that The F&F is the best deal for them, negotiate in writing and ensure you have confirmation that they will not chase you for the remainder.

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Thanks for that,for sure that's what i will be doing ( i have no choice, its take it or get nothing) i just wondered if anyone on here has any actual experience of mass reposessions and all that it entails

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  • 1 month later...
Does anyone have experience of multiple property repossessions, and the subsequent shortfall debts thereon with multiple lenders?

 

a) How are they dealt with on a large scale?

b) Whets the chance of F&F offer acceptance on the shortfall amounts v going BR and the lenders getting nowt.

c) Negotiation on large debts

 

Any help/info gladly received, PM me if it’s a strategy

 

oh well here goes, just received the papers for the first 6 repossessions, how can i buy some time here, get an initial adjournment ? i dont think i can stop them, just need some more time...........any suggestions?

[sIGPIC][/sIGPIC]....Please don't bother my master 'cos my sister & I might bite you...

 

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  • 1 month later...

Bump.. if only to see if there is anyone out there with info..thanks

[sIGPIC][/sIGPIC]....Please don't bother my master 'cos my sister & I might bite you...

 

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Why are they all being repossesed at the same time?

How long have you not had tenants and why?

What sort of shortfalls are you looking at?

Have you tried selling them yourself?

What sort of arrears amounts on each property?

Consumer Health Forums - where you can discuss any health or relationship matters.

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Why are they all being repossesed at the same time? Not all of them are at the repo stage yet. Threatened but not yet actioned. will happen though in the next month or two

How long have you not had tenants and why? Most have tennants, some dont, all down to market forces, too many properties in each area chasing too few tennants, too much competition from other landlords driving rental yeilds down plus mortgage interest rates way too high = equals ongoiong neg cashflow . All ready have sold my main residence to support it!

What sort of shortfalls are you looking at? if all the properties were to be sold say at auction at 20% BMV then £400,000

Have you tried selling them yourself? oh yes, they are all currently on the market, but i cant sell less than the o/s mortgages that are owing on them. All props are in city centres , way too much oversupply, prices falling not rising.

What sort of arrears amounts on each property? 2-3 months plus their £35 charges to send you letters etc [/quote]

 

Please see replies

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Hi gizmo111 vbmenu_register("postmenu_1319331", true); any ideas?

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