Azzurro/Restons claimform - old Kensington secured loan (no longer secured as old home they repo'd). ** *Claim Discontinued***

[Paulxo37]

No court date. Has been transferred to my local court. They've sent their response. 

 

Not sure where to go from here.

They have the original loan agreement.

The default notice, is very poor, I suspect re-typed.

They have a breakdown of payments made.

Can you see a chink in this or am I paying out?

[dx100uk]

ignore what i said above, i forgot this was not the shortfall after a repo but a simple secured loan.

12yrs doesnt play a part but i see that you paid money to kenny's within 6yrs of the home sale anyway.

 

let @andyorch comment .

 

why have they inc a sheet about the home repo and the shortfall of that, who repo'd you platform or kenny's

 

dx

 

[Paulxo37]

Kenny's... never understood why. 

[dx100uk]

but they were not your 1st mortgage provider were they ....platform were , and surely your main mortgage had a far greater sum owed at the time of the kenny's repo??

 

going strictly by the POC,  its the £10k (ex-secured) loan, but looking at their paperwork, it could be house sale shortfall?

 

another interesting point, is the agreement compliant?, it states the amount of the loan (£10k) + the interest charges (£24,974)  but does NOT state the total of the loan = £34,974    (which = your payments of 300*£116.58).

 

mortgage advance from money partners/ownership of mortgage kensington/brokers starloans all ... on that one agreements too.

 

but why inc that completion advice letter, completion of what, the secured loan? the repo of the home?

 

why have they stated:

 

total payable (for what!!!??) £80,609

client redemption (for what?) 95,445

shortfall (odf what) £14,846

 

also what the beep is asset manager invoice of £3,960.

 

do you have all the statements for this £10k loan yet?

 

to me, and i might be a tad confused, but to me that looks like they are after the shortfall of the home sale ?

 

 

 

 

 

[Paulxo37]

I believe that for the repo what was owed to platform, what the property was sold for and the shortfall yes. 
 

That’s everything I have now. 
 

So yes they started the repo, got a shortfall as a result, still seeking the money. 

[dx100uk]

On 05/11/2022 at 13:38, Paulxo37 said:

- default notice (This has no logo and is unsigned. It looks like it could have been typed up ay any time. This is not a copy, definitely a print out)

agreed

 

dx

 

[Paulxo37]

I’ve had another letter through re-iterating their offer to avoid litigation. Deadline of 2 weeks to decide.

[dx100uk]

scan it up please

 

dx

 

[Paulxo37]

I'm sorry but I have not had a chance to do this. I will do shortly.

 

In the meantime, what would be the effect if I was to emigrate abroad?

[dx100uk]

If you leave no assets -  stuff all anyone could do on any debt 

 

Dx

 

 

[Paulxo37]

Should I inform them? Do you think it likely they’ll go ahead anyway? 
 

if I do leave an asset what is the likely outcome? 

[dx100uk]

you must inform all your debt owners if you move.

 

if you leave say a property asset in your name then obv a risk of court litigation would exist.

 

 

[Paulxo37]

Hi

 

Just to let you know that I have had a notice of discontinuance on this case.

 

Thanks for all your help on this. I will make a donation in thanks.

 

I have also been contacted by Ascent Legal and they asked for a payment plan. The lady was very nice on the phone. I told them I didn't think paying was worth it and asked what would happen if not. They said nothing.

 

I was also contacted by Hoist finance for a debt from 2010 (credit card) and I said that was 13 years ago (at this stage they were giving me a 90% discount) and that it was too long ago. They actually asked me 'Does this mean you believe it is stat barred?' and I replied 'yes'. They said, ok, we agree, we'll shut this down.

 

Thanks again for all your help. 

[dx100uk]

Well done on your win.

 

You now simply ignore everyone.

 

Dx