Jump to content


  • Tweets

  • Posts

    • So I'm the one that's paying the mortgage for my kids to have a home so I have to let them no what goes in and comes out and pay them payments with my card so he just authorized me to talk to them when he ohones as they always have to as me questions and what not
    • Because I pay all the household Bill's my partner as always had to authorise them to speak to me on his behalf as I'm the only earner in the house 
    • No problem. Just thinking - if you are not named on the mortgage why is the lender discussing with you? 
    • I'm gonna try fill out income expenditure later on this afternoon hun x  
    • I am inquiring about how older, single people are treated on UC and how often they are likely to be sanctioned compared to other age groups.   I am 47 in September and have always been Single, and if I was to be put onto Universal Credit soon (as I think I may be) then I am wondering how often people in my group would be at risk of sanction. I have seen charts where, the older the claimant is, the chances of sanction are less likely, but I have not been able to find out information about single people. I have seen a pie chart of that kind mentioning single parents or couples and even disabled people, but no mention of single people at all. Are people in my group hit hardest or not?   I am currently on ESA as I have a physical "limitation" and have mental health issues (anxiety and paranoia) but I heard that next year, everyone on legacy benefits will be moved over onto UC. Is that still the plan?  
  • Our picks

    • Future Comms issues. Read more at https://www.consumeractiongroup.co.uk/topic/416504-future-comms-issues/
      • 3 replies
    • This is a bit of a lengthy one but I’ll summerise best as possible.
       
      THIS IS HOW THE PHONECALL WENT 
       
      I was contacted by future comms by phone, they stated that they could beat any phone contract I have , (I am a limited company but just myself that needs a business phone and I am the only worker) 
      I told future comms my deal, £110 per month with a phone and a virtual landline, they confirmed that they could beat that, £90 per month with a phone , virtual landline  they also confirmed they would pay Vodafone (previous provider) the termination fee. As I am in business, naturally I was open to making a deal. So we proceeded. 
      Future comms then revealed that the contract would be with PLAN.COM and the airtime would be provided by 02, I instantly told them that this would break the deal as I have poor 02 signal in the house where I live as my partner is on 02 and constantly complaining about bad signal
      the salesman assured me he would send a signal booster box out with the phone so I would have perfect signal.
      so far so good.....
      i then explained this is the only mobile phone I use for business and pleasure, so therefore I didn’t want any disconnection time in the slightest between the switchover from Vodafone to 02
      the salesman then confirmed that the existing phone would only be disconnected once the new phone was switched on.
      so far so good....
      • 14 replies
    • A shocking story of domestic and economic abuse compounded by @BarclaysUKHelp ‏ bank complicity – coming soon @A_Gentle_Woman. Read more at https://www.consumeractiongroup.co.uk/topic/415737-a-shocking-story-of-domestic-and-economic-abuse-compounded-by-barclaysukhelp-%E2%80%8F-bank-complicity-%E2%80%93-coming-soon-a_gentle_woman/
      • 0 replies
    • The FSA has announced large fines against DB UK Bank Limited (trading as DB Mortgages) - DeutscheBank and also against Redstone for their unfair treatment of their customers.
      Please see the links below for summaries and full details from the FSA website.
      It is now completely clear that any arrears charges which exceed actual administrative costs are unfair and therefore unlawful.
      Furthemore, irresponsible lending practices are also unfair and unlawful.
      Additionally there are other unfair practices including unarranged counsellor visits - even if they have been attempted.
      You are entitled to refuse counsellor visits and not incur any charges.
      Any charges for counsellor visits must not seek to make profits. The cost of the visits must be passed on to you at cost price.
      We are hearing stories of people being charged for counsellor visits for which there is no evidence that they were even attempted.
      It is clear that some mortgage lenders are trying to cheat you out of your money.
      You should ascertain how much has been taken from you and claim it back. The chances of winning are better than 90%. It is highly likely that the lender will attempt to avoid court action and offer you back your money.
      However, you should ensure that you receive a proper rate of interest and this means that you should be seeking at least restitutionary damages - which would be much higher than the statutory 8%.
      Furthermore, you should assess whether the paying of demands for unlawful excessive charges has also out you further into arrears and if this has caused you further penalties in terms of extra interest or any other prejudice. This should be claimed as well.
      If excessive unlawful charges have resulted in your credit file being affected, then you should take this into account also when working out exactly what you want by way of remedy from the lender.
      You should consult others on these forums when considering any offer.
      You must not make any complaint through the Ombudsman. your time will be wasted, you will wait up to 2 yrs and there will be a minimal 8% award of interest and no account will be taken of any other damage you have suffered.
      You must make your complaint through the County Court for a rapid and effective remedy.

      http://www.fsa.gov.uk/pages/Library/Communication/PR/2010/120.shtml
      http://www.fsa.gov.uk/pubs/final/redstone.pdf
      http://www.fsa.gov.uk/pubs/final/db_uk.pdf
       
      http://www.fsa.gov.uk/pages/consumerinformation/firmnews/2011/db_mortgages.shtml
      Do you have a mortage arears claim to make? Then post your story on the forum here
        • Like
      • 0 replies
Howard1111

Purchased a car with outstanding finance on it

Recommended Posts

Hello guys,

 

I've gotten myself in a real pickle, and was wondering if anybody could offer any advice on what do.

 

So a few months back I eyed  a British registered vehicle abroad ( seen at a small time dealership still within the EU) for a really good price (less than 70% of it's current market value within the UK) . Before I bought the vehicle I performed a vehicle smart advanced check ( for which I paid 10 £ pounds for, comes with a 30 000£ guarantee) and it stated that everything is okay with the vehicle, not scrapped, not imported, no outstanding finance, etc. Since the cars interior was in bad shape, service was outstanding for a while, plastic broken underneath, worn out tires, it's right hand drive ( in a left hand drive country) and since the background check showed nothing wrong, the price seemed to make sense to me. I bought it,  obtained the V5C form, insured the vehicle and took the vehicle back to Britain. For about 3 months now I had been driving with no issues or whatsoever, until I decided to visit an dealership to find out if I could part ex it, and what value it is. At the dealership they performed a quick check, and notified me that the vehicle still has outstanding finance on , they phoned up financial services and confirmed that this is not an error. The outstanding finance on the car is the full amount (more than 15 000 £), which they did not disclose to me since I am not the one the contract was written against, but I sort off put the two and two together with when the vehicle was purchased by the previous owner and when it was sold. 

 

So I've gotten in touch with the financial services, explained the situation and they've sent me this innocent buyers questionnaire which I filled in truthfully/with all the requested documents. I am currently waiting to hear back from their solicitors...

 

Has anybody dealt with a situation like this? Is my car going to get confiscated? 

 

Also, should I ( or a solicitor) get in touch with the people from Vehicle smart and attempt to make a claim? - the thing is , vehicle smart has explicitly stated in their terms and conditions ( financial checks done trough Expiration)that the car must have been purchased within the UK and must not have been purchased for a 'stupid amount of money' which is less than 70% ( which I did). This seems to disqualify me if I attempt to make a claim, but at the same time it does not make any sense, because the car is a British registered car, the check should have uncovered that there is outstanding finance on it, even if it was located in another country.

 

This has been a real headache for me , dealing with fraud investigators, and not being able to do anything with the car...

 

Cheers,

Share this post


Link to post
Share on other sites

Did you contact the vehicle smart advanced check company?

You said they cover up to 30k, so read their t&c and if all ok, give them a ring.

Record all calls!

Share this post


Link to post
Share on other sites

 

54 minutes ago, king12345 said:

Did you contact the vehicle smart advanced check company?

You said they cover up to 30k, so read their t&c and if all ok, give them a ring.

Record all calls!

I haven't contacted them. I did read their t&cs ( which are experian t&cs, since they use them to do background checks) , and what the only 2 points I won't be able to meet are :

1) The car must have been purchased within the UK

2) The car must have been purchased for amount no less than 70%

 

which I think is bs, but So I imagine that's what they will tell me and say, "no, not happening"

Share this post


Link to post
Share on other sites

Indeed, the car was purchased outside the uk, so no joy from that front.

Got to play the innocent buyer card.

Share this post


Link to post
Share on other sites

 

25 minutes ago, king12345 said:

Indeed, the car was purchased outside the uk, so no joy from that front.

Got to play the innocent buyer card.

 

But surely that's bs.. Doesn't matter where I bought the car from, the information represented should be the same/accurate nonetheless since the car has a complete history within the UK, where the finance had been taken out on. 

Share this post


Link to post
Share on other sites

Sure, I'm with you on that, but I'm also sure that they won't be. 

They will point at their t&c and say that you agreed to them when you paid for their services.

I hear more and more of these hpi checks not picking up existing finance, what's going on?

Have they struck a deal with traders?

Share this post


Link to post
Share on other sites
12 hours ago, king12345 said:

Sure, I'm with you on that, but I'm also sure that they won't be. 

They will point at their t&c and say that you agreed to them when you paid for their services.

I hear more and more of these hpi checks not picking up existing finance, what's going on?

Have they struck a deal with traders?

 

So worst case the finance company takes the car and I can't get anything from the Vehichle smart people...

Share this post


Link to post
Share on other sites

Not really, you have proof that you are an innocent buyer as you had an hpi check done.

So theoretically you should keep the car and pay nothing more. 

Share this post


Link to post
Share on other sites
Please fill in your quit date here

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...