Jump to content


  • Tweets

  • Posts

    • Havent forgotten about this thread, will get back to it to do the final bit   Something to be going on with.   https://uk.reuters.com/article/us-science-artifacts/idaho-artifacts-show-human-presence-in-americas-16600-years-ago-idUKKCN1VJ2F3
    • Yes, and although the Johnson/ERG types are trying to remove peoples choices, that the libdems should do that is not right, however right the actual cause is.   I'd still vote for them though. We need to get off this cliff edge which lies have brought us to whatever the cost and get ALL the liars out of parliament ...   Start with the pathological self serving liar Johnson and Tossus and follow quickly with Corbyn. Then start on the lesser demons. Then a cleaner government can start prosecuting.   It will require honesty and openness which these politicians always talk about but NEVER implement.          
    • Tell the friend that the Bank may be able to sell the house, after repossession is granted and could sell it for a much reduced price. Your friend could stand to lose hundreds of thousands of pounds.   Why does your friend not borrow the money or sell goods to raise the money ? Are there goods in the house, such as furniture, that could be sold to raise money ?
    • I haven't checked with the Land Registry but assume the charge is still there.   I have no knowledge of SB rulings but read:   For most types of debt in England, Wales and Northern Ireland, the limitation period is six years. This applies to most common debt types such as credit or store cards, personal loans, gas or electric arrears, council tax arrears, benefit overpayments, payday loans, rent arrears, catalogues or overdrafts. There are some exceptions though: Mortgage shortfalls have a longer limitation period of twelve years for the money you borrowed (the ‘capital’), while the interest charged on this has a limitation period of six years
    • This situation has reared its head again Friend had such luck (through my efforts) at the start of the year to get the bank to clear the service charge debts and add them to the mortgage. Friend ended up having a slightly larger mortgage but at really low interest rate. And the freeholder got their service charge money.   But friend has had head in sand all year.  And has now failed to pay the bank one payment all year!!  It is so infuriating.    With costs, friend now owes apx £1500.   So the bank re-opened the original claim of the freeholders - which they paid off - and have now got a Judgment against friend.  With a repossession hearing in a few weeks.... The value is apx £1.5m.   The mortgage is like £100k.   (About £100/m).   Now Judgment for owing £1500 on a £1.5m property.   I have been telling friend all year to make payments.  Now friend really needs to make a payment.   Still absent overseas.   Additionally - another set of service charges are due now   I won't let these people take the property - but I don't know how to help.   I told friend to pay the mortgage and ask the bank to pay the service charges again.  And in the meantime find a better solution - such as selling an asset.  But nothing has been done at all in the last 9 months.   Any good suggestions?      
  • Our picks

srt8juz

Black Horse extended term

style="text-align:center;"> Please note that this topic has not had any new posts for the last 1645 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 new here so be gentle!!

I took out a Loan in August 1999 with then Cedar Holdings over 180 months.

This was later transferred to Black Horse. The Loan was secured on my home and I have never had a late payment or missed any payments.

This weekend I remembered I was still paying the Loan and dug out the paperwork and with my minimal maths skills I worked out it should have finished last July.

I have just got off the phone with Black Horse and although they tried to fob me off they were scrambling for an explanation.

There explanation is that on our original documents we signed the forms agreeing to them being able to vary the term, but this agreement was with Cedar Holdings and I have the original paperwork and there is no mention of being able to extend the term only the interest rate. I explained that I had the original paperwork and this stopped them in there tracks. They then said that they had a letter signed by me in 2008 saying I had agreed to the change in term (I have not signed any form) They said the term had increased because of an interest rate change, which yes my payments went up from that date, but are they implying that they have back dated the rate back to 1999? even then it only works out 3 extra months and how would they be allowed to do that without my written consent.

When I said I had not had any correspondence to that effect they again started mumbling. Now they are saying they can do it as it is in my terms and conditions.

I explained that I am not happy and wanted a full explanation from them. they replied that the loan ended next month, but being the wag that I am I said yes but not if you decide to increase the term again!!

Finally they asked what I wanted to happen to resolve this issue and they will call me back later today.

 

This is where I need help. Have I got any basis to ask for compensation or are they entitled to at will alter my term without informing me.

Edited by citizenB
formatting

Share this post


Link to post
Share on other sites

Hi,

 

You are going to need to send BlackHorse a Subject Access Request (SAR) for a full and detailed history of the account.

Template SAR Letter is in the Library section above on the top toolbar, the SAR will cost you £10 Postal Order but you get back all information including letters, agreements, internal notes & statements.

It can take up to 40 calender days.

 

You said that you have your original documentation, BlackHorse cannot change the terms unless informing you first in writing, also the Loan book was transferred to BlackHorse with existing rights attached so your repayment should have been unchanged unless you wrote and asked for the payments to be amended.

Also, calculate all of the repayments with your bank statements, this should match your paperwork from Cedar Holdings.

 

Stigman


NEVER telephone a DCA

If a DCA rings you, refuse to go through the security questions & hang up!

 

If I have helped you, click on the star & say thank you

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...