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Hi I am looking for some advice about some debts and a charge order added over 6 years ago. I am looking to move house soon and want to get everything sorted as I am in a better position than I was back then. If anyone can offer any advice it would be much appreciated.
1: Aged debts/Lowell
I have around 7 Lowell debts from around 8 years ago that I pay £1 a month towards, all of them are under £500 each with one being around £650. None of these show on my credit file but obviously show on bank statements to potential lenders. I want to call and get these paid off in a lump sum for them all, what is the typical % amount they will accept or should I push for in terms of a % reduction? I know they will want to get them paid in full or close to full but I am unsure what the standard is and how to negotiate it properly with them.
2: Charge order
I have a "Equitable charge created by an interim charging order" from cabot financial from 2015 (I think I know what this was, CCJ came off in Jan this year) but the charge order still remains on the land registry search I did, I didn't reply to the charge order at the time or attend any hearings (was in a pretty bad place at the time) and didn't take it seriously. I understand that once the house is sold they will get the amount back in any equity made? the problem is that the potential buyers will see this in the land registry search and will put them off.
How easy is this to get removed? I assume just a call to cabot to pay this off and then ask the land registry to confirm with them? Is it possible to get this debt written off at a reduced rate also or best to pay off in full?
If anyone can help me, I would very much appreciate it.
Thanks
1: Aged debts/Lowell
I have around 7 Lowell debts from around 8 years ago that I pay £1 a month towards, all of them are under £500 each with one being around £650. None of these show on my credit file but obviously show on bank statements to potential lenders. I want to call and get these paid off in a lump sum for them all, what is the typical % amount they will accept or should I push for in terms of a % reduction? I know they will want to get them paid in full or close to full but I am unsure what the standard is and how to negotiate it properly with them.
2: Charge order
I have a "Equitable charge created by an interim charging order" from cabot financial from 2015 (I think I know what this was, CCJ came off in Jan this year) but the charge order still remains on the land registry search I did, I didn't reply to the charge order at the time or attend any hearings (was in a pretty bad place at the time) and didn't take it seriously. I understand that once the house is sold they will get the amount back in any equity made? the problem is that the potential buyers will see this in the land registry search and will put them off.
How easy is this to get removed? I assume just a call to cabot to pay this off and then ask the land registry to confirm with them? Is it possible to get this debt written off at a reduced rate also or best to pay off in full?
If anyone can help me, I would very much appreciate it.
Thanks
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