Jump to content

 

BankFodder BankFodder


  • Tweets

  • Posts

    • Theres the Bloomberg report, Standard and Poors analysis, The bank of Englands Report .. not one of which estimates the cost at less than the 180-250M a week it roughly costs depending on whats included.   That Bloomberg amount is pretty middle of the road, and is roughly what I've been seeing as only disputable by zealots - it could be FAR more.     So putting that in perspective, if there is no further damage to the economy, and no further loss/reduction in business/growth, and adding in a small amount of interest on that loss (money has to come from somewhere and we are already further in debt than we have ever been) - it will be in the order of 50 odd years before we even break even .....   Of course, Rees-Moggs entirely unsupported middle finger in the air estimates of about 2050 when we will see some benefits would effectively require a MASSIVE boost to the UK;s 'profitability' - although no-one seems to be able to define any sources for that profitability other than perhaps connecting the climate destroying hot air coming out of Rees-Moggs gob directly to a wind and steam power station.      
    • Do you have any images of the WMF items? If you do then you could post them on this site.
    • yes I did that, not much auction only stuff but I will check from time to time
    • By the way, do you realise that you can put in an eBay search and localise it within X miles of a certain postcode. This should cut down the problem of having to search hundreds of advertisements every day. At the moment, a search for WMF cutlery within 50 miles of the postcode only produces six hits. Very manageable
    • In order for us to help you we require the following information:- [if there are more than one defendant listed -    Name of claimant: JC International Acquisition    Date of issue – 17 January 2020     Particulars of Claim   What is the claim for – the reason they have issued the claim? the claimants claim is for the sum of 125.00 been monies due from the defendant to the claimant under a non regulated telecommunications agreement originally between the defendant and Talk Talk telecom limited under account reference xxxxx. The rights benefits and title the agreement have been assigned to the claimant on 03/04/2014. Notice of the above mentioned assignment has been given to the defendant    What is the total value of the claim? 268.39   Have you received prior notice of a claim being issued pursuant to paragraph 3 of the PAPDC ( Pre Action Protocol) ? Not too sure   Have you changed your address since the time at which the debt referred to in the claim was allegedly incurred? no   Did you inform the claimant of your change of address? N/A Is the claim for - a Bank Account (Overdraft) or credit card or loan or catalogue or mobile phone account? No (broadband)   When did you enter into the original agreement before or after April 2007 ? After   Do you recall how you entered into the agreement...On line /In branch/By post ? Online   Is the debt showing on your credit reference files (Experian/ Equifax /Etc...) ? NO   Has the claim been issued by the original creditor or was the account assigned and it is the Debt purchaser who has issued the claim. Assigned to debt purchaser   Were you aware the account had been assigned – did you receive a Notice of Assignment? can't remember   Did you receive a Default Notice from the original creditor? Can't remember    Have you been receiving statutory notices headed “Notice of Sums in Arrears”  or " Notice of Arrears "– at least once a year ? unsure   Why did you cease payments? unsure   What was the date of your last payment? unsure   Was there a dispute with the original creditor that remains unresolved? Not that I'm aware of   Did you communicate any financial problems to the original creditor and make any attempt to enter into a debt management plan? No  
  • Our picks

Shteff_star__bunni

Mortgage shortfall - shoosmiths for Halifax

style="text-align:center;"> Please note that this topic has not had any new posts for the last 1068 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

Back in 2010 me and my now ex purchased a house (£135,000, the mortgage was only for £121,000)

I ended up leaving in early 2012 due to psycological abuse from my ex.

 

My ex chose to keep the house and continue by himself with the mortgage repayments.

We agreed that at the end of the first 3 year fixed rate term we would get my name taken off as the 2nd signitory and he could keep the house.

 

Early 2013 and after a last ditch attempt at emotionally blackmailing me to return by saying he couldn't afford the payments

(he declined my suggestion to just sell the house or take in lodgers etc to help him).

After I refused he then told me he had in fact stopped paying.

 

I tried to contact Halifax a couple of times whom refused to deal with me as I didn't have any details of the account (ex wouldn't give me them) and also threw in my face I was only the 2nd signatory.

 

Eventually in Aug 2013 I convinced someone in arrears to talk to me whom confirmed there was 6 months arrrears and my ex had discussed a voluntary repossession with the halifax.

Due to this, our account was standing at £126,000.

 

I was told if i agreed to the reppossession that the monthly repayments would still be added on until the property was sold.

 

I was also informed that my ex had notified the bank I had left back jn 2012 but stated he had no known address for me (he did) I passed over a forwarding address and I was assured anything else to do with the arrears and if the voluntary repossession went ahead then they would contact me as well.

 

I agreed to the voluntary repossession with my ex and signed the form he produced me with which again included my forwarding address

 

- to this day I have never heard from Halifax regarding anything to do with the arrears/house etc

- is this normal?

 

A few months later I saw online myself that the estate agents in charge wanted offers of over £90,000

 

in March 2014 it was sold but i don't know how much for as sold prices for auctioned property aren't made public knowledge.

 

I have been led to believe that it sold for no more than £105,000

- this would mean a shortfall of £21,000 going on the figure given to me back in Aug 2013.

 

There would also be another 6 months arrears added onto that figure from Aug 2013-March 2014 when the property sold so a shortfall would be at least £24,000.

 

This does not take into account the interest I was told that would be added on as well as all the legal costs of it.

 

The only contact that has ever been made with me over any of this, back from the original arrears starting in 2013 is now when

 

last week I received a letter from a lawfirm saying they wanted to recover the shortfall debt of £20,000 from me.

 

I have no idea what to do about it

- I am no longer in contact with my ex so have no idea what his intentions are.

 

My mum strongly suspects he may have accepted responsibility and even paid some shortfall off and stopped hence why they are now contacting me

- they have by-passed my original forwarding address (my mums) and gone straight through the electoral roll to contact me at my current address.

 

we are convinced the shortfall was originally more than £20,000

- my mums advised me to ignore the letters from the law firm and to not even ask for a breakdown of anything incase they take it as a acknowledgement of the debt

 

- citizens advice would not confirm with me if making an enquiry would be seen as acknowledgement or not.

 

They also said since i have no assets or savings and live with my new partner who has a mortgage in his own name (i don't pay into the house as such other than food/housekeeping) that he can be affected and his house/income will be taken into account when trying to recover the shortfall

- surely this can't be true?

 

Were not married and don't even share an account.

Any advice would be much appreciated.

Share this post


Link to post
Share on other sites

so what has this got to do with shoos?

and who is their client?

 

 

dx


..

Share this post


Link to post
Share on other sites

Shoosmiths is the law firm that's been appointed by the Halifax whom we had the mortgage with to recover the shortfall.

 

 

as far as I'm aware I think their actually part of the Halifax division.

 

 

I just have no idea what to do about any of it

but I can't find anything helpful online to see where my new partner stands with all of this and what is regarded as an acknowledgement of debt (unless I'm looking in the wrong places) and I'm not in a position right now for legal fees.

Thanks

Share this post


Link to post
Share on other sites

Yes Shoosmiths Solicitors chase debts for Halifax. As far as I know they are a separate company and have been around for a very long time.

 

Acknowledgement of a debt is you paying any sum or writing to them admitting to owing the debt. Asking for information is not acknowledgement.

 

Your new partner has nothing to do with the debt. What you are thinking about, is Halifax obtaining a CCJ or Bankruptcy against you and then a court or court appointed official looking at your household expenditure to determine how much you could afford to pay. Of course then your partners finances would be taken into consideration, but only in regard to what household bills they are paying. I.e You could not pay a higher proportion of the bills to avoid debt repayment.

 

In regard to your situation with Halifax, you could send them a Data Protection Subject Access Request to obtain copies of all data in regard to both the mortgage account and the repossession processing. I suspect Shoosmiths are also trying to contact your ex partner to see whether they can obtain payment. As the debt was joint, they are not bothered who pays them.

 

You don't have to respond to Shoosmiths yet. Mortgage debts can be enforced in courts in regard to limitations act for 12 years and unless they are confident in gaining repayment, i doubt any court claim will be made for a long time. When you are ready, send Halifax the subject access request.


We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 Have we helped you ...?         Please Donate button to the Consumer Action Group

 

If you want advice on your thread please PM me a link to your thread

Share this post


Link to post
Share on other sites

Shoosmiths are independent there is no in house connection.

 

" We agreed that at the end of the first 3 year fixed rate term we would get my name taken off as the 2nd signatory and he could keep the house."

 

Im afraid this is a myth..mortgage companies will not release any parties in connection to a joint mortgage that you both applied for and it will remain joint and several.When divorce or separation happens in a relationship the only way you can be removed from a mortgage is t for one of the parties to remortgage clear the loan and then take it out as a singular agreement.

 

Is this a joint mortgage in both your names ?

 

Regards

 

Andy


We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 Have we helped you ...?         Please Donate button to the Consumer Action Group

 

If you want advice on your thread please PM me a link to your thread

Share this post


Link to post
Share on other sites

Thank you ever so much for your reply

- I actually feel like I've got a better idea of things than from visiting the C.A.B

 

 

who are just trying to rush me into accepting it and cracking on with organising a meeting with a debt woman to look through my finances to sort payment plan out and scaring me by saying my current partners own finances and property could be affected.

Share this post


Link to post
Share on other sites

If you could answer my question above ?


We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 Have we helped you ...?         Please Donate button to the Consumer Action Group

 

If you want advice on your thread please PM me a link to your thread

Share this post


Link to post
Share on other sites
Shoosmiths are independent there is no in house connection.

 

" We agreed that at the end of the first 3 year fixed rate term we would get my name taken off as the 2nd signatory and he could keep the house."

 

Im afraid this is a myth..mortgage companies will not release any parties in connection to a joint mortgage that you both applied for and it will remain joint and several.When divorce or separation happens in a relationship the only way you can be removed from a mortgage is t for one of the parties to remortgage clear the loan and then take it out as a singular agreement.

 

Is this a joint mortgage in both your names ?

 

Regards

 

Andy

 

 

Please bare with me as I'm still figuring out how to use the site.

 

 

Thank you for the info given although not relevant to me anymore

- wish I had known that at the time however.

 

 

Yes it was a joint mortgage with my ex

- sadly I'm no longer in contact with him or even know his where abouts in relation to finding out his intentions towards the shortfall debt,

 

 

I do have a sneaky feeling he will try to get away with taking responsibility as well.

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...