I am so angry right now, I have been informed the person who was/is dealing with my complaint has gone on annual leave for at least a month and seems no-one else knows anything about it, was also promised a phone call today at around 3pm, am still waiting
This posting isn't about selling friend's property. It was bought decades ago; there's a tiny mortgage on it and more than 90% equity. Friend has been silly by not paying the mortgage. But hope that can now get resolved - as it is such a tiny amount. Needs to sort this directly with the bank.
The main affordability issue is the high service charges that have to be paid on leasehold flats.
In friend's particular case - there's no concierge, no lift, no garden; each tenant is responsible for their windows and interiors, a cleaner cleans the small communal hall and stairs over 6 floors. And for that the freeholder charges each leaseholder over £12kpa. So >£72kpa. I don't know any house owners who spend that amount annually on maintenance.... When pensioners have paid off their mortgage and should be enjoying their old age, they run the risk of losing their flats due to non-payment of such ridiculously high service charges...
Im not sure what you mean by are they all PDL’s currently none of the debts are chasing me or sending letters.
And are you saying that even if I settle the debts so no more new default are being added. That won’t improve my credit score? If it takes 6 years for a default to be removed isn’t it better to have no more added to it?
Also how can I find out if the debts are enforceable. Do I need to write to the credits to find out what paperwork they have?
Not sure where the flat is but the property market is not that low. Prices have plateaued in the SE with some decreases for high value properties in London, the rest of the country is generally seeing some small increases.
Seems your friend is between a rock and a hard place. He has a flat he cannot afford to maintain costs on but will not sell as he thinks that prices will rise albeit not knowing when.
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!