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Alev Uk secured credit ltd chasing Repossession Shortfall

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Hi

Has anybody heard of Alev Uk secured credit ltd.

Can’t find a great deal about them.

It’s regarding a shortfall on the mortgage after a repossession.

 

Never had a mortgage with them, I’m presume they have bought an old debt.

We have never had contact with the lender since repossession 10 years ago!

 

Any help would be appreciated.

Edited by dx100uk
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Thread moved to the correct forum...please continue to post here to your thread.

 

Thread title amended

 

Regards

 

Andy


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duplicate threads merged

Duplicate posts removed

 

Not on the fca register..ignore the fleecers

Can you scan to pdf please read upload


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They are using Shoosmiths.

Haven’t a clue who they are.

 

It has been just over 10 yrs since the house was repossessed not once have I had any communication with the lender. Just a standard letter Shoosmiths are acting for the client named above, please contact to discuss ways of paying etc, in 14 days.

 

I will wait and see what comes next.

Do I use the 6 year no contact?

Edited by dx100uk
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Have you received a Letter ?

 

From Shoos or Alev Uk secured credit ltd ?

 

Mortgage shortfalls ( capital ) are 12 years...only mortgage interest is 6 years.

 

 

Andy


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Letter from Shoosmiths on the behalf of Alev uk.

 

It was my understanding if there is no contact from the lender in the first 6 years then if they follow the code of good practice they would have a job to pursue it.

 

Alev were the not the original lender so they must have bought the debt.

If the original lender thought they had a good chance of getting the money back would they have sold it on.

 

Just starting to get my head around the issue.

Edited by dx100uk
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Was you aware the debt had been assigned ? Did you ever receive a Notice of Assignment ?

 

Do you owe capital or interest? This will affect which time limit applies to your debt. In most cases, it will be capital and the 12 year rule will apply. If you think you owe interest then 6 year rule applies.

 

Check if your original mortgage lender is a member of UK Finance. If they did not contact you before 11 February 2000 and it is six years or more since the house was sold without any contact from your lender, you can use the UK Finance policy with your lender.

 

Has your lender sent you a letter within six years of the sale confirming that there is a mortgage shortfall and that they intend to recover the debt? If you did not receive this letter you may be able to complain to the Financial Ombudsman Service (FOS).


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Hi

No I wasn't aware it had been assigned. I haven't had any kind of letter/communication with the original lender. It never appeared on my credit report.

I suspect I will owe capital plus charges. The original lender was Deutsche bank then sold to Total Mortgage Solutions.

Should I wait and get the next letter before challenging?

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TMS typically only ever handled shortfalls that are unenforceable for whatever reason

Thats why theyve sold it on again

Pers id sit on it


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Yes I’m going to sit back and wait for the next letter. I don’t know if to ignore that or write back requesting the statement of account, assignments etc.

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Might be prudent to issue a DSAR to them and get all the information they hold...then your one step ahead.


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Thanks. I will wait for the next letter, see what form of wording it takes. I didn’t want to SAR them at this stage, as then I’ve made contact. Plus the SAR will delay the process.What stage would I complain regarding no contact for ten years, and to whom would I complain to?

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p'haps it might be prudent to sar the original lender, or the one that owned the mortgage at the time and just after repo?

that will show you if any letters were sent regarding the shortfall?

this shouldn't 'alert' Alec to anything


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doubt it!!

 

seems like they are after funding their holidays on free money by finding some mugs to fleece.

 

obv bought an old portfolio of these shortfalls from another fleecer that failed and are trying to offset their obv 'loss' when they found out they been had by their mates in the trade


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

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Single Premium PPI Q&A Read Here

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Just a quick update. Received another letter, basically the same as the first. Gives me another 14 days to reply. Going to sit tight and see what the next letter has to say.

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Hi Everybody.

Since my first post regarding this issue back in August 18, I have received numerous letters from Shoosmiths wanting to discuss a payment plan etc.

I have now received a letter from them stating that since I haven't replied they are going to advise their client to issue legal proceedings regarding the shortfall owed on the mortgage.

Any advice would be appreciated, do I wait for legal letter? 

Do you think ShooSmiths are just threating?

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Ah you have a thread sorry

Sounds like more silly threats to me.

 

 


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

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please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

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I hope it is!

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