GE Money: cant make payments on Suspended possesion order

[ukspooner]

some months ago ge took me to court for my arreaer which at the time were approx £3000,

 

after numerous phonecalls to them making offers of £50 per month and getting a flat no in return i just gave up and didnt know what to do.

 

repossesion hearning was scheduled so i made the stupid mistake of offering them the £187 pounds extra per month (which they were demanding on top of my normal £886 mortgage (interest only @ 8.04%)

of course they accepted this and got a suspended possesion order,

now a few months down the line i can not afford to keep up the paymnets.

 

does this mean that if they take me back to court they will get the repossesion order?

 

in june im due to come off my fixed rate of 8.04% and will be on 3.9% plus the english base rate makign my monthly mortgage around the £600 mark at which point i will be able to make the arreaers payments in full.

i have tryed to get them to accept a lower paymeny temporarily but to no avail,

please help:

what can i do, i have been told that because i have a suspended repossesion order that the judgebwill just grant it straight away.

[jaxads]

Hi - please stay positive.

 

Who has told you that the judge will grant possession straight away, it wasn't GE was it! That is not a true statement.

 

You can complete a form N244, which you can downloand from the HMCS website. Ell-enn is a superstar when it comes to filling these in and I'm sure she will be around the forum soon.

 

Please try not to worry, you sound as if you will be in a good position to repay soon once your current mortgage term ends.

 

Jaxads x

[ukspooner]

hi thanks for your reply, ihave had a loom atvthe form but not got a clue how to fill it in or what i do from here, can you help at all

[Ell-enn]

Hi there, I can help you with the N244 so don't worry about that. Have you been making the normal monthly payments, just not the arrears payments?

 

Ell-enn

[ukspooner]

ive been makingn the regular payments as well as the arreaes, but i fell behind with last months, which im unable to make up

[Ell-enn]

Hi there, is it just the arrears payment you missed last month? or the normal monthly payment as well?

 

Don't worry, if you are able to make payments going forward you will not lose your home.

 

We can write a letter to GE explaining your situation and if they do take it back to court the judge will see that you have kept them informed and tried to make an arrangement.

 

Ell-enn

[ukspooner]

i paid £400 last month, which left 600+ to pay this month, but due to order court orders on my wages for council tax this month we were caught short im also goin to miss this payment due to other debts, but as of next month we will be straight and be able to pay on time, they seem to have no compassion. when i tell them i have a little boy of 18 months there is response is "thats not our problem" which of course is true but gees come on guys.

Edited January 24, 2009 by ukspooner
spelling

[Ell-enn]

Hi there, it's a sad fact that you get no compassion from GE - they're only concerned with how much they can get you to pay!

 

However, I'll draft you a letter to send to them and see what that brings.

 

Can you let me know:

 

How much the normal monthly installment is

 

How much you are offering to pay towards the arrears on top of the normal payment

 

What date you will start paying the above

 

Try not to worry too much, if they do take further action, we can defend it.

 

Ell

[ukspooner]

hiya,

we are really gratefull for your help with this, its a weight of my chest just having help from someone.

 

the normal instalment is £886

and we can afford an extra £75 starting on the 1st march.

come june we will be able o afford about £200 per month extra maybe even more.

but for now as with everbody things are so tight.

look farward to hearing from you

[Ell-enn]

I'll draft you a letter tomorrow (you might need to remind me though, as I've got visitors coming for dinner lol)

 

Don't worry too much - there's always something we can do

 

Ell-enn

[ukspooner]

hi Ell-enn, how did you get on with letter, do nyou need anymore info at all?

[Ell-enn]

Just finishing it off...

 

back shortly

[Ell-enn]

Is the mortgage in joint names?

[ukspooner]

joint names yes, me and wife, imgoing to be signing off now mate as im p at 3am for work, but will pick up messages in morning from office.

really gratefull for yu rhelp

[Ell-enn]

Hi, letter affixed - you need to send it by recorded delivery. Keep the receipt for posting with a copy of the letter. You can then check on the Royalmail website to print off the signature receipt. Keep all together in a safe place - you may need them if you have to go back to court.

 

Ell-enn

UK Spooner Letter.doc

[Ell-enn]

Hi there, I've made a slight change to the letter. Please close the one you're looking at and open up from the post again.

 

Ell

[ukspooner]

hi,letter looks great, we will get it sent off and see what they say, ill let you know how we get on,

[ukspooner]

hi

im really hoping someone is able to help me out here,

i know there are tones of threads about this issue but i cant work out where i start.

 

my morgage is in arrears with GE and has been for about 2 years now,

since then they have been charging me £40 per month admin fees and appros £30 per month for additional intersest

 

i personally beleive that these fees have put me further in arrears and is crippling me.

 

can someone please advise if i can claim these back and where i start

my mortgage is interest only and im currently paying £600 per month which is £460 mortgage plus the rest to pay off arreqers.

i will really appreciate any help at all

thank you

[dx100uk]

mortgages are fair game for reclaiming + 8% int.

 

off you go.

 

dx

[ukspooner]

mortgages are fair game for reclaiming + 8% int.

 

off you go.

 

dx

erm..... any idea where i start mate lol

[maroondevo52]

Hi, ukspooner.

 

Have a look in the 'stickies' in this Forum,(above your thread) you should find everything you need.

 

Regards.

 

Scott.

[wishboneash]

i am with Ge money they ar worse than gmac they always call me up at home wanting know if i can make a payment is this harrasment

advice please.

[bach]

Firsty, send a Subject Access Request straight away, send it signed for (proof of delivery) they have 40 days to send SAR to you.Put this in motion asap. £10 cheque or P O for the S A R is required.

 

Secondly send for a request of consumer credit agreement, ask for the terms and conditions that were applied at the time the loan was taken out. Again recorded delivery Cost £1 00 cheque or PO.

 

Thirdly send a harresment letter below.

 

Dear Sir /Madam

 

Ref Account No

 

Please be advised that I will only communicate with you in writing. I have noted your repeated attempts to contact me by telephone over the past few weeks/months and these have been duly logged by time and date.

 

Furthermore, should it be your intention to arrange a “doorstep call”, please be advised that under OFT rules, you can only visit me at my home if you make an appointment and I have no wish to make an appointment with you.

 

There is only an implied license under English Common Law for people to be able to visit me on my property without express permission; the postman and people asking for directions etc (Armstrong v. Sheppard and Short Ltd [1959] 2 Q.B. per Lord Evershed M.R.). Therefore take note that I revoke license under Common Law for you, or your representatives to visit me at my property and if you do so, then you will be liable to damages for a tort of trespass and action will be taken, including but not limited to, police attendance.

 

 

 

Yours faithfully

 

DO NOT SIGN

 

This will get you of on the right foot,

Post up details when you receive info asked for.

[MandM]

hello,

 

I've read your post and maybe able to help as i am independent financial advisor, and specialise in mortgages! I maybe be able to help you find a more suitable lender and clear all arrears and debts. If you do need any help or advice please don't hesitate to contact me

 

Kind Regards

 

Finance........take a hike........post reported!

 

M

[michellej]

we have same problems with G E Money , adding interest ,.. which is more then the £260 extra we were paying off arreas ,.. we paided £260 off arreas per month along with £260 monthly payment ,.. we make payment the 23rd ,.. G e money , hit us with a interest charge 30th of each month ,.. so how can we ever bring the arreas down , as our arreas payment is eaten by interest payment and a extra £75 onto arreas each month,.. can not do it no more so challenging them on secret commissions ,.. and sent off the 31.16 template letter requesting the underwriting sheets , and give 21 days for answer ,.. these are made pursuant to the Civil Procudure ,..