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Landmark (NRAM) have issued notice of court proceedings to claim possession of relative's house.
House sale was already agreed at the price of the redemption value of the secured part of the loan. This was recently sent to us by Landmark. The conveyancer had also taken into account the daily interest.
Yesterday we received claim forms. They seem to have added on about £1000 to the redemption price. Some of this is fees but they also appear to have added about £550 without explanation - as the hearing is set for January is it possible that they have added the next mortgage payment into it?
The contracts have been exchanged, and completion is due to take place on Monday. We now fear that the court fees will have been added onto the land charge, and that the sale will fail to complete as the funds that are already in place will be insufficient! Fortunately there is no chain.
Assuming that the sale can take place on Monday, what happens with the claim? What is the correct response? In theory the debt will have ceased to exist and the property will no longer be in her possession, which is presumably an absolute defence?
If only they'd believed us when they were told that a sale was definitely happening, all of the extra cost and effort could have been avoided. What a horrible company.
House sale was already agreed at the price of the redemption value of the secured part of the loan. This was recently sent to us by Landmark. The conveyancer had also taken into account the daily interest.
Yesterday we received claim forms. They seem to have added on about £1000 to the redemption price. Some of this is fees but they also appear to have added about £550 without explanation - as the hearing is set for January is it possible that they have added the next mortgage payment into it?
The contracts have been exchanged, and completion is due to take place on Monday. We now fear that the court fees will have been added onto the land charge, and that the sale will fail to complete as the funds that are already in place will be insufficient! Fortunately there is no chain.
Assuming that the sale can take place on Monday, what happens with the claim? What is the correct response? In theory the debt will have ceased to exist and the property will no longer be in her possession, which is presumably an absolute defence?
If only they'd believed us when they were told that a sale was definitely happening, all of the extra cost and effort could have been avoided. What a horrible company.
