Arh Borro - I knew you were a devil in disguise...
£52 k takes the piss a bit eh...
They are regulated by the FCA however from memory the Cost Cap DOESNT apply to them - Thats for HCSTC only where its unsecured. This is Secured Borrowing.
Why are they after your house? Tell me more?
I have managed to access my credit file online today..And It's still showing "Idem late payment" which was updated on 11/8/19...I made my final payment to them the following day Aug 12th.
So I am hoping to see it change status from the next update...Which is in two days time...
Welcome to the real world.
What year of university are you in? What university? And what are you studying? What is the name of the agent? And what is the name of the landlord?
The business of holding deposits should be affected by the Consumer Rights Act 2015 and that means that they should be subject to terms relating to fairness.
It seems to me that if you pull out of an agreement to take the property then the agent or landlord should only be entitled to hold on to sufficient funds to cover any administrative losses which they have suffered as a result of your change of decision. In practice many agents will simply take the opportunity to cream off a bit of extra profit.
I suppose you just paid the money over without any kind of written agreement or recording or any evidence.
Certainly, if you paid over a holding deposit on the basis of a particular contractual promise – that there would be a break clause and then subsequently there was no break clause then it would be a simple matter to argue that it was the agent of the landlord who had gone into the breach of contract in which case you would be entitled to recover all of your money. However do you have evidence of this?
Similarly, if you pay the holding deposit and were only told afterwards that it was not refundable then it is arguable – although not cut and dried – that they had introduced a new term into an existing contract and so once again, you would be entitled to recover all of your money. However, once again – do you have any evidence of this?
It will be interesting to know whether the agent is acting of their own initiative here or whether they are really exercising the will of the landlord.
Please address the questions which I've put above
The house was sold in 2015. What’s Ll/BB. Can any one just say what I need to do. Or what I can do. Are Lowell in there rights to claim and therefore I’m liable for paying back the debt. Even though they can’t prove a contract to me in my name. Many thanks
Don't touch them owe me £500 since January 2019 make excuse after excuse. Seem they always have software problems sending money out. Keep saying they will call back or email nothing been chasing it now for 6 mths the phone staff always have the same banter we will chase it up and get back to you then nothing!