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Hi, I was looking some advice. My mum took a secured loan against the house a number of years ago. It was around £5000 and so far has paid maybe £12000 back. Mum is now in a position that she has to sell her house. What way does this leave the loan? 

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it must be settled upon the sale.

any outstanding balance will be paid from the sale value by your solicitors 

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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It could halt the sale of the property unless alternative arrangements are made to settle the balance.

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it could prevent the sale of the property or it could become an unsecured shortfall debt.

 

i'd be sending swift an sar

i bet there are £1000's in unlawful penalty charges. that are all reclaimable at their int rate.

always is with swift, they are terrible to their customers, so you can never clear the balance by normal monthly payment.

now if you'll get them refunded is another matter.

 

ive moved you to the swift forum.

 

have a read of a few swift thread

use our search top right for

swift.

 

dx

 

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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