Jump to content


Linda12

Lloyds Business Debt - Personally Secured - 2nd charge

style="text-align:center;"> Please note that this topic has not had any new posts for the last 2383 days.

If you are trying to post a different story then you should start your own new thread. Posting on this thread is likely to mean that you won't get the help and advice that you need.

If you are trying to post information which is relevant to the story in this thread then please flag it up to the site team and they will allow you to post.

Thank you

Recommended Posts

Hi all,

 

Wondered if anyone can give me some advice?

 

I was director of ltd company - company in liquidation and as such im redundant - (now actively seeking employment)

 

Company had secured loan - 2nd charge on my house

 

I received a letter immediately after liquidation from lloyds calling in the loan for me to pay in full (almost 60k) I would have to sell house to try and raise this money as i have no savings and i would not get another mortgage to buy a smaller place.

 

I wrote them a letter just to buy me a wee bit of time to think straight .... I asked them to provide me with the documents as i had misplaced them also asking for details of any PPI that may have been charged.

 

That was 21 days ago and I have had no response.

 

I heard the section 77 request gives just 12 + 2 days to supply documents, is this right or have I miss understood it?

 

any help much appreciated, can they make me sell my family home? x

Share this post


Link to post
Share on other sites

does anyone know if the 12 + 2 days also apply to personal security over business debts as well as personal credit agreements to supply documents, is this right or have I miss understood it?

Share this post


Link to post
Share on other sites

was the 'agreement' regulated by the consumer credit act? was it a personal guarantee?


IMO

:-):rant:

 

Share this post


Link to post
Share on other sites

sorry for late reply on this i only just noticed a response it was a business loan for a ltd company.... I gave personal guarantee along with 2nd charge on home... now they are calling in the personal guarantee..

 

Not sure what to do now? They have been good with me so far, and have provided me with copies of signed paperwork.. I have no lump sum to offer as settlement, im wondering if they will they accept low monthly payments about to write them another letter.

 

anyone else been in similar situation with personal guarantee

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...