Jump to content


  • Tweets

  • Posts

    • Nothing missing and not being subtle.   Government appear to have briefed media that they will table legislation to hand back power to the PM to call General elections at a time of their choosing. This was reported by several TV channel political correspondents.   Boris likes to play politics as a game and he will see that as time moves on, he will become less and less popular, as will the Government. Recent polling is showing decline in approval ratings.   Hence why Summer 2022 may be seen as a good time to hold an election. Before the National Insurance and other tax increases start to hurt peoples standards of living. Leave holding an election until 2023 or 2024 is very risky as by then Government could be very unpopular.    UK will need to at some point make a large number of work visas available to migrants, in particular to pick agricultural crops.  Farmers have lost a lot of money in 2021, as their crops have not been picked and supplied to shops.  lack of migrant labour to pick crops and lack of drivers to pick up/deliver to wholesalers/shops.  Government cannot allow a repeat in 2022, so will issue visas to migrant workers and this will be unpopular to some who voted Brexit.    
    • I've just had a "Letter of Claim" via email: Dear XXX, Letter of Claim Our Client: Total Parking Solutions Limited Our Reference: XXX PCN Reference: XXX Vehicle Registration: Contravention Description: The Vehicle Exceeded The Maximum Stay Time Contravention Location: Brighton Road Retail Park Redhill Date of Contravention: 18 January 2017 Balance Due: £124.00 We have been instructed by Total Parking Solutions Limited to commence legal action against you in respect of the above unpaid parking charge, by issuing a Claim against you in the County Court without further notice, if no payment or response is received before 20 October 2021. If you dispute this debt, please tell us why so that we can help resolve this matter. Estimated Claim Such legal action may result in you being liable for Court fees, solicitors’ costs and statutory interest which are estimated below.   Principal Debt + Debt Recovery Costs £124.00 Estimated Interest £46.34 Estimate Court Fees £35.00 Estimated Solicitors' Costs £50.00 Estimated Total £255.34 What we have sent you What you will receive in the post are the following: Information Sheet: a sheet explaining what to do next, including how to avoid Court actions. Reply Form: a form to complete and return containing four sections. Income and Expenditure Form: a form to complete and return to outline your finacial circumstances. What you need to do now Payment of £124.00 or your reasons for non-payment are required by 20 October 2021 to avoid the above legal action. If you are unable to pay the balance in full, our client is willing to enter into a payment arrangement which is affordable for you taking into account your financial circumstances. We wish to remind you that in a final effort to avoid the need for litigation, our client is willing to offer you the option of paying the balance via an affordable repayment plan. We have pre-approved a monthly instalment amount of £15.00 which has been recommended considering your estimated disposable income. If you wish to take advantage of this offer, or if you cannot afford this amount, please contact us using the details in the "How to get in touch" section below. Please note that this offer expires on 20 October 2021, after which time your case will be considered for litigation for the full current balance. How to get in touch Online Manage your account at www.bwlegal.co.uk. You can upload your completed reply form and provide your income and expenditure details online. You can also make a payment, set up an affordable payment arrangement and speak to us by webchat. Speak to us or email us Call us today on 0113 487 0430 or email us at [email protected] to discuss this matter with one of our helpful team. By post Complete and return the Reply Form to us at the address at the foot of the letter you will shortly receive from us by 20 October 2021. Pre-action Protocol for Debt Claims This email is being sent to you in accordance with the Civil Procedure Rules Pre-Action Protocol for Debt Claims, a link to which is contained on the foot of the information sheet will you will receive shortly in the post. In particular, we refer you to paragraph 7, which sets out the expectations of the Court in terms of complying with the Protocol. Particulars of debt On 18 January 2017, you were granted a limited contractual licence to enter the land known as Brighton Road Retail Park Redhill ("Site"), which is managed and operated by our client. In return, you were to abide by certain terms and conditions ("Terms and Conditions") which were prominently displayed on the signage erected in situ by our client. On 18 January 2017, you breached the Terms and Conditions - reason: The Vehicle Exceeded The Maximum Stay Time ("Breach"). The Breach resulted in our client issuing a Parking Charge Notice (`PCN`) on 06/02/2017 which, despite our client's attempts to engage with you and agree a suitable payment arrangement, remains unpaid. Statement of account The following summary statement shows the transactions applied to your account since the PCN was issued by our client:   Statement for the period: 18 January 2017 to 20 September 2021   Principal Debt £70.00 Total Payments £0.00 Total Adjustments £0.00 Total Interests £0.00 Total Debt Recovery Costs £54.00 Current Balance £124.00 Our client’s entitlement to the total debt recovery costs referred to in the table above is expressed in the Terms and Conditions, which you accepted upon entering the Site. Such costs are recoverable in any event under the relevant Parking Code(s) of Practice. Warning of court proceedings If payment or a response is not received from you by 20 October 2021 we are instructed to issue a County Court claim without further reference to you, together with applying the interest, fees and costs highlighted above. If payment or a response is not received following a County Court claim, a County Court Judgment ("CCJ") may be entered against you. If a CCJ were to be entered, it would be recorded on your credit file for 6 years unless you pay the Judgment debt in full within a month of the CCJ being entered. A CCJ on your credit file may affect your ability to obtain future credit. If a CCJ were to be entered and you were to fail to comply with the CCJ order, we may apply to the County Court to take further enforcement action which you would be notified of separately. We look forward to hearing from you Our helpful team would like to work with you to reach a solution without the need for Court proceedings to be issued and it is therefore important that you get in touch before 20 October 2021. Yours sincerely, BW Legal bw legal N.B. To opt out of email communication from BW Legal please reply to this email quoting reference "XXX" BW Legal Registered Office: Enterprise House, Apex View, Leeds, West Yorkshire, LS11 9BH T: 0113 487 0430 F: 0333 370 0107 DX 716921 Leeds 39 BW Legal is a trading style of BW Legal Services Limited which is a company registered in England and Wales under Company Registration No: 07966978 Authorised and Regulated by the Solicitors Regulatory Authority under No: 569773 Authorised and Regulated by the Financial Conduct Authority in respect of consumer debt collection under Reg No: 619068 VAT Registration No: 971 8540 92  
    • Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm. Find out more about this 'clone firm'.View the full article
    • Is there a bit of your post missing, UB or have I missed something subtle?   It will be interesting to see what happens about the timing of the next election. You're predicting a bit earlier than a lot of the commentators who are talking about 2023 at the moment.
  • Recommended Topics

  • Our picks

NatWest Business account & Loan problems


style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 3308 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Recommended Posts

Hi,

I’ve been reading forum threads for a few days and would like to congratulate you all on amassing such a mine of information! I hope I am posting this in the right place.

 

I have a problem that I would like to ask for help with. To cut a long story short, I’ve run a business for over 20 years, initially in partnership with my wife until her death and then as a sole trader. I bank with Natwest and until a few years ago my relationship manager brought bottles of wine at Christmas and congratulated us!

 

The recession and losing our biggest customers hit hard and I reduced staff from six fulltime to one part time, closed a branch office, returned my contract hire car, re-mortgaged my home etc etc. There was a shortfall in funds so I used personal credit cards to fill the gap and got to the point just over a year ago when I thought bankruptcy was the only way out.

 

I contacted PayPlan who were very helpful and arranged a monthly payment plan for the £68k on my credit cards. I could breathe again and very slowly the business improved. The banks were still adding interest to the amounts and at the rate I was paying of £350 month it would never end! PayPlan suggested an IVA which was arranged and began in February this year.

 

With the IVA I could see a light at the end of the tunnel – 5-6 years. I can now pay all bills on time, business and personal, keep the business going and maybe even employ another staff member later this year.

 

Then it all changed! Last week Natwest stopped a charge card we use for buying stock even though it was always paid on time at the end of the month. I rang to ask why and was told there was not enough money in the account talk to my relationship manager. (who has never introduced himself or ever contacted me in the last two years). The mobile number they gave me was unobtainable. Then all cheque payments and direct debits on the account were returned even a loan payment to Natwest themselves. Then the outstanding charge card balance was taken from the account with no warning – even though it wasn’t due for another three weeks.

 

All of these things are not big problems – I have a ‘parachute’ business account and am now changing to this.

 

I suspect Natwest have discovered the IVA on my credit file and are taking action.

 

The major problem is that I have two business loans one from 2009 which was to pay down an overdraft and from 2010 for a smaller overdraft together amounting to about £75k. These are secured with a first charge on my business premises and a second charge of £10.5K on my home.

 

I have just read the loan agreements again and find that having an IVA puts me in default.

 

I am now in fear of what will happen next. I got my relationship managers proper number but he doesn’t return calls. I’ve asked in the branch what is happening and nobody knows. There is enough money in the account to have paid all direct debits and cheques but as I mentioned all have been returned except for one which is for insurance on the business premises! (how did they know?)

 

My questions are what is likely to happen next and what can I do about it? Under BCOB regulations surely Natwest is not acting correctly, but what can I do.

 

There is probably some equity in the premises but not in my home. But commercial property is just not selling with lots empty here in the north east. If they re-possess the premises I will have no income from the business and have no money to relocate anyway. I had planned to retire in four years – but not any more! I think it’s unlikely I could get a loan from another source with my IVA on file. If I default on the IVA, I will be made bankrupt. I don't know what to do for the best.

 

Sorry the short version turned out so long and now it’s Easter. Can anyone help after Easter?

 

Happy Easter everyone

Link to post
Share on other sites

Welcome to the site.

I will move your thread to the business bank account forums

Have a happy and prosperous 2013 by avoiiding Payday loans. If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.Before you decide,consider the users here who have already offered help and support.

Advice offered by Martin3030 is not supported by any legal training or qualification.Members are advised to use the services of fully insured legal professionals when needed.

 

 

Link to post
Share on other sites

Good luck steve2012, I'm having a nightmare with natwest, no explanation from them just hit a bad patch things starting to improve then they don't want my business and want there money back, there trying a possession order this week in court I think I have a good case to put forward we'll see. I have a business premises under commercial loan and they stitched me up with overdrafts and charge on my house also revoked all my facilities apart from paying in.

Link to post
Share on other sites

Steve,were any of these regulated under the CCA ?

Have a happy and prosperous 2013 by avoiiding Payday loans. If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.Before you decide,consider the users here who have already offered help and support.

Advice offered by Martin3030 is not supported by any legal training or qualification.Members are advised to use the services of fully insured legal professionals when needed.

 

 

Link to post
Share on other sites

Hi Martin,

 

I had to sign a declaration for exemption (sections 16B and 189 (1) & (2) CCA 1974) for the larger loan in 2009. The 2010 loan for the lower amount actually spells out certain rights the bank have under the CCA - like not needing a court order to enforce the agreement!

 

On turning the overdraft into a loan in 2009 I don't remember actually meeting anyone and on the 2010 loan I definitely never met anyone! Everything was done by post. I've now received a letter from Natwest collections department telling me I'm in default (seeming to indicate missed payments - which is not true) and how do I propose to repay the 2009 loan (no mention of the other yet). I sent a reply proposing I continue to pay the agreed monthly amount and that there are funds in the business account for the payment they didn't take and also the next payment due at the end of this month. I will await their reply.

Link to post
Share on other sites

  • 4 weeks later...
  • 3 months later...

About 3 years ago I had a business which was a Ltd Company I obtained a £5000 overdraft and had to sign a Personal Guarantee Form shortly after I obtained a £15000 secured loan, but I subsequently suffered a nervous breakdown and the business folded.

 

I managed to repay the secured loan which at the time was £17500 (despite also making some payments, natwest was unable to supply any details of fees or charges as they have combined accounts)

 

Natwest are saying that when I applied for secured loan one of the clauses stated that all debts will be secured on property, and they are now demanding the settlement of the overdraft in Jan (currently paying £50 per month), failing to do this will see my home repossed.

 

Any advice please

Link to post
Share on other sites

Having to sign an exemption from CCA seems to be an unfair business practice,as they are creating an imbalance.

What have you got in the way of a papertrail ?

If you have not done a full SAR I think would be a tenner well spent,but needs to be exhaustive.

Have a happy and prosperous 2013 by avoiiding Payday loans. If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.Before you decide,consider the users here who have already offered help and support.

Advice offered by Martin3030 is not supported by any legal training or qualification.Members are advised to use the services of fully insured legal professionals when needed.

 

 

Link to post
Share on other sites

images are too small to read.

Site team are discussing potential recourse for this.

Have a happy and prosperous 2013 by avoiiding Payday loans. If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.Before you decide,consider the users here who have already offered help and support.

Advice offered by Martin3030 is not supported by any legal training or qualification.Members are advised to use the services of fully insured legal professionals when needed.

 

 

Link to post
Share on other sites

  • 2 weeks later...

I did not sign a loan agreement as such the only thing I signed did not show amount of loan,term of loan, interest etc,

it simply stated that an amount of £15000 was secured on my home, does this sound right?

Link to post
Share on other sites

Yes will get someone to tell you.

Have a happy and prosperous 2013 by avoiiding Payday loans. If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.Before you decide,consider the users here who have already offered help and support.

Advice offered by Martin3030 is not supported by any legal training or qualification.Members are advised to use the services of fully insured legal professionals when needed.

 

 

Link to post
Share on other sites

I did not sign a loan agreement as such the only thing I signed did not show amount of loan,term of loan, interest etc,

it simply stated that an amount of £15000 was secured on my home, does this sound right?

 

Not really,

Have a happy and prosperous 2013 by avoiiding Payday loans. If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.Before you decide,consider the users here who have already offered help and support.

Advice offered by Martin3030 is not supported by any legal training or qualification.Members are advised to use the services of fully insured legal professionals when needed.

 

 

Link to post
Share on other sites

Dx100 – Instructions on uploading pdfs

 

scan the required letters/agreements/sheets

as a picture file

remove all pers info inc barcodes etc using paint

but leave all figures and dates.

go to one of the many free online pdf converter websites

convert the image to pdf format.

or ir you have PDF as an installed printer drive use that

open a new msg box here

hit go advanced below the msg box

hit manage attachments below that box

hit the add files button on the top right

hit select files, navigate to your file on your pc

hit upload files

NB:you can set where it goes in the post by hitting insert inline.

the hit reply button

 

 

x x

Link to post
Share on other sites

What does the heading say on the NW doc ?

Have a happy and prosperous 2013 by avoiiding Payday loans. If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.Before you decide,consider the users here who have already offered help and support.

Advice offered by Martin3030 is not supported by any legal training or qualification.Members are advised to use the services of fully insured legal professionals when needed.

 

 

Link to post
Share on other sites

docs from natwest opinion please!nat2 001.pdf

 

This is my so called loan agreement, it is also unsigned is it legal?

 

Document was not signed in the presence of my solicitor, just the bank rep, and I have never seen Legal Charge Doc, SAR POSTED TO THEM

Edited by stalagtite
additional information
Link to post
Share on other sites

Waiver of Legal advice !!

 

Wow

Have a happy and prosperous 2013 by avoiiding Payday loans. If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.Before you decide,consider the users here who have already offered help and support.

Advice offered by Martin3030 is not supported by any legal training or qualification.Members are advised to use the services of fully insured legal professionals when needed.

 

 

Link to post
Share on other sites

 Share

  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...