Coast / Welcome Nightmare

[bob-k]

Thanks for that @dx100uk  I’ll get that sorted too

 

would it be normal that the mortgage agreement would not be dated?

 

thanks

bob

[AndyOrch]

If its a reconstituted version...yes.

[dx100uk]

what is the defaulted date from your CRA file.?

is this a joint loan on a jointly owned property or solely yours and your property only?

 

dx

 

[bob-k]

CRA file hasn’t updated to show the default date as yet. They only notified the agencies recently so I’m expecting it to appear on the next update. 
 

Loan in my name only. Property is jointly owned under the co ownership scheme mentioned earlier

 

On 11/02/2020 at 11:58, Andyorch said:

If its a reconstituted version...yes.

This although was rolled over loans, was the only secured loan I had ever taken with welcome. Previously were unsecured. 
 

hopefully that info will all come out from the SAR

[AndyOrch]

Thats interesting.......never seen a unsecured loan/s consolidated into a secured one...

[dx100uk]

quite a usual trick for welcome to do in their day andy.

let the borrower refinance numerous times 

 

then make them take out a secured loan years later

[bob-k]

I’ve finally got a copy of the SAR through from coast and I wasn’t sure what I was expecting but damn that’s a lot of documents.

 

I’ll have to take some time to go through it all

 

however is there a way I can get it uploaded for review without owning a scanner in this current lockdown?

Or should I just wait. 
 

I hope you are all well!

[dx100uk]

got a digital camera?

if so read upload garefully

 

dx

 

[BankFodder]

open

 

[bob-k]

Thanks for that.

 

Coast are back to me again.  Looking to up the monthly payments.  I have the SAR sitting here, But to be honest I dont really know what I am looking for.  They are saying that the payments need to be enough to clear the balance in the remaining term. (140 months) They have income and expenditure, and can clearly see thats its not affordable, and now want bank statements to back this up.

 

The last year since I started posting about this has been difficult, so Ive had no choice but to put this on the back burner...  Ive asked Coast for a settlement, just to get rid of this and move on with my life, but I fear any amount will be more than un affordable.  I have been making a monthly payment of £55 for a number of years now, but that just doesnt seem good enough.  I can also not afford to default on my current unsecured agreements as that will have job implications. 

 

Is there any advice or a guide on how I can move forward with this?

[dx100uk]

get the SAR up please 

as it was obv defaulted by welcome years ago so it cant comeback on your credit file

 

dx

 

 

 

[bob-k]

Thanks for that.  Ive scanned it all but at over 300 pages itll take a bit of time to redact all the relevant info.

 

In the mean time, should I post in the bank statements and keep those motions going forward?

Edited March 18, 2021 by bob-k

[dx100uk]

why?

 only a judge can demand those...

 

 

[bob-k]

I suppose they have asked for them to backup the information I’ve provided in order to make an offer of settlement

[bob-k]

SAR Attached.  One thing I did notice, was that this from my reading only covers the current secured loan, unless Im missing something

SAR.pdf

[dx100uk]

pdf not working

[dx100uk]

also pop up on HM Land Registry - GOV.UK (www.gov.uk)

get a £3 copy of your deeds.

 

going by your very earlier comment you say property is jointly owned by loan is in your name only ?

[bob-k]

I’ll do that this afternoon. Thanks

 

thats correct. The property is joint owned, but the loan is only in my name. The other party is a help to buy housing association so they would be second charge. This loan is only in my name

 

I dont seem to be able to compress down to 5 MB,  Made it from 123 to 15, but not sure how to get any further.

 

Also, that gov.uk website doesnt appear to cover northern ireland.....

 

[dx100uk]

will it not upload we can deal if we get it

 

dx

 

[bob-k]

No every time I try to attach it it pops up to say that 1 file is larger than the 4,88MB limit and will be skipped.

[dx100uk]

try 

Registry of Deeds | Department of Finance (finance-ni.gov.uk)

[bob-k]

Yes,  that looks about right,  However it doesnt appear to be a £3 online service as per GovUK. Ill get on it.

 

Thank you

[dx100uk]

loads of duplicate and unnecessary pages in that PDF about 50% can go.

lots of times your name is on letters still too!

[bob-k]

I’ll go back through and edit / redo, but I didn’t think I should leave pages out. 

I didn’t think I’d left any names in though. 
 

sorry for that. 

[dx100uk]

dont need things like sheets that are just std info with no data about YOU on them..only stuff with your data on it. 

so lists of std charging tariffs, fos info , DD guarantee sheets..I&E sheet that are not filled in by you but sent by them for you to do are not needed  .

 

try and put everything in date order too please