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    • well the only way now to get it removed is via a set aside cost £255.   even paying the CCJ and it being marked as satisfied will not sadly improve his credit file nor prevent it poss killing any credit for the 6yrs it will show on his file for regardless to payment.   TBH: there would have to be something seriously wrong for a set aside to succeed  location of the car park might help us at the least.    
    • I had  a 5yr fixed rate mortgage with Norwich & Peterborough before they merged YB. I was to pay £585.27 Per month for 60 months fixed @ 5.85%.   first year ok,   for the following three years as their SVR increased so did my mortgage; £589 1st increase 2nd increase £595, 3rd increase £599. Along with the increases I was also charged late fees etc. from 2008 onwards.   I did receive a letter due to the enquiry into their fees but that only refunded from 2009, where I had been incorrectly charged after one month in 2008, plus the charges wern’t consistent with the £25 they allege to charge sometimes i was charges £32.50. I know the increases are not considerable however with them increasing the mortgage due to their SVR increases did they  1.    breach the terms & conditions of the mortgage contract. 2.    switched my mortgage to a SVR.   Any ideas appreciated.  
    • Thanks Dx, I’ll have to ask him if he wants to go any further and tbh I’m not sure he has anything kept, the claim form, etc. I’ll ask him tomorrow and see what he says or has.
    • opps no outside of the 33 days he had to pay it for it not too show sadly.   we are going to need far more info than what we have here now to even think of suggesting a set aside. this is compounded by the fact hat you say he totally ignored everything inc the claimform?   oh well time for you to get scanning. scan everything he has please  every letter, the lot.   one good point is we only need the front page of the claimform..not the complete pach from northants bulk.   please makes sure you redact things properly but leave times and dates etc. just remove his pers details, reg/pcn/ref numbers and any bar or QR code boxes. read upload  put everything in ONE MULTIPAGE PDF FILE ONLY please     the sad fact here is premier haven't ever won any CCJ's when cases are defended. they run away.
    • in their WS they state its a recon, [pages 1-10] urm something smells here for this to happen for an online 2012 signup.   pages 1+4+5 appear to be missing??   need to discover whats going on here  so scan up the pages 1-10 as clear non blurred uploads no good to us if we can see them   if you need to send them via the secure email then do so and i'll do it. but we need to see the text of all 10 pages very clearly to workout what they have done..   its better you look stupid infront of us than lose another case infront of a judge.  you only waste the forums time when you don't follow what has been already advised  esp when it runs the clock closer to a deadline - its 3 weeks we've been waiting for these docs now and what do we get..mostly blurred uploads we cant read...
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Hi All

 

I have been living in my shared ownership property since July 2008. I have a property where I can only own 80% of the property. I pay rent on the remaining 20% and this rent is based on the unowned %. I can never own 100% so will always be resoponsible for at least 20% rent. That rent always every year goes up by by inflation (RPI) plus .5%.

 

This 80% max ownership was put in the lease due to the local council planning restrictions. However each year the property is dropping in value and I am responsible for 100% repairs.

 

Is anyone else in this position and does anyone who if there is a way of buying the whole thing so I am not liable for the remaining rent, which could in theory become more than renting a private rented property.

OR Even a way of getting out of the lease if the rent becomes too expensive (Even if it means handing it back to them and I loose all that was invested)

 

Every time I try to comunicate with them the atitude I get is "YOU SIGHNED THE LEASE" and that I should have looked ito the finer details with my solicitor and asked more questions.

 

Any information or similar stories from people that have found themselves in a similar situation would be usefull.

 

Also note that I do not think this issue is isolated to Paradgim.

 

Many Thanks

Edited by Aaron Lilley

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Hi

 

Very interesting what you have been told as Paradigm website says differently on Shared Ownership: http://www.paradigmhousing.co.uk/customer-zone/homeowners/shared-ownership/

 

Now Please have a good read of these PDFs and remember the advice you were given:

 

In the Paradigm - Shared Ownership PDF look at the section 'Buying more Shares in your Home'.

 

In the Paradigm - Guide to Shared Ownership PDF look at Page 4 and 5.


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I cannot give any advice by PM - If you provide a link to your Thread then I will be happy to offer advice there.

I advise to the best of my ability, but I am not a qualified professional, benefits lawyer nor Welfare Rights Adviser.

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Thanks for your reply.

 

Unfortunately I was told about the 80% maximium share when sold it but it was not made clear to me the full consequences of that (That is proberly down to my solicitor). Things like:

1. They intend to impose the RPI +.5 rent increase every single year regardless of what effect that would have on my rent in relation to the open market. I was lead to beleive that was a MAXIMIUM increase and that comon sense would prevail when deciding new rents each year.

2. If the RPI index is a negative they will still increase rent by .5%

3. There is no way of getting out of the lease (Even if it meant hading the whole thing back to them and me loosing the entire 40% price I paid for my share)

 

I am effectively at their mercy with regard to the bit I can never own as my choices are:

1. Pay the rent

2. Atempt to sell. However whoever buys inherits the agreement including the rent and rent increases. I cant imagine anyone wanting to take on this type of agreement.

3. Go bankrupt

I cant even rent the property out to someone else.

 

I never realised how restricted my choices would be in this situation. However I supose its my own fault for not looking into the finer details before buying.

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Hi

 

IMO I can see no harm in writing to them (always get proof of posting) and ask if their is any reasonable possibility that would be able to purchase the final 20% share of your property and the likely costs.

 

Then wait and see what they say.


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I cannot give any advice by PM - If you provide a link to your Thread then I will be happy to offer advice there.

I advise to the best of my ability, but I am not a qualified professional, benefits lawyer nor Welfare Rights Adviser.

Please Donate button to the Consumer Action Group

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Thanks again.

 

Unfortunately I have spent the last 6 months fighting this out with them.

 

I have resighned myself to the fact there is nothing I can do about it (I should have been more carefull when purchasing) However it does not stop me from making as many people as posible aware of what can happen so they do not fall into the same trap.

 

Beilive it or not, these schemes are government aproved, There was nothing my local MP could do for me, accept give me the advice to go to a solicitor. There maybie some law that can be utilised in these situations as I am sure I am not the only person with this issue.

 

One day I am sure these leases will be challenged in court.

 

Luckely I am realy pleased with where I live and most of the neighbours in the block which is the important positive thing to hold on to.

Edited by Aaron Lilley

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