Sapphire v Natwest - SORTED !

[Sapphire]

Re: Sapphire v Natwest

Here's an idea for the letter, Can someone please adjust/check grammar etc

Dear Cobblers,

Further to our previous communications and subsequent hearing today at ............ County Court please find enclosed a cheque for £250.00 in line with my proposals to repay this debt .

In order that we can make future payments, I would be grateful if you could furnish me with full banking details to enable me to make regular payments via the BACS payment system.

To bring this matter to a satisfactory conclusion for all parties, I would like to reopen negotiations to repay this debt. At the moment I can afford £250 per month, by April 2008 I expect to be able to raise payments to £500 per month and by the end of 2008 to further increase payments to £1,000 per month.

In the meantime I shall be making enquiries into re-mortgaging my house in the full intention of releasing any equity and using it to repay this debt.

I would be grateful if you would put forward my proposals to your client and look forward to hearing from you in the very near future.

Yours faithfully

A very hopeful sapphire and her old git

[Sapphire]

Re: Sapphire v Natwest

Di hun, your help and advice is and will always be valuable to me, and thats exactly what I indend 'chatting' to Les about later, I agree I do think that re-mortgaging will be the best way to go. Thanks for your support hun.

sapphire

[Sapphire]

Re: Sapphire v Natwest

I have a confession:

Jan just msn'd me and asked me where on the Witness Statement the bits about increasing the payments etc were.
Well I've had a search and bugger me its not there, I've checked the copy and yes like a pratt i've not included it.

So a reminder to everyone make sure you read and read again before you submit. Because of my stupidy a lot of inconvenience has been caused.

sapphire

[Sapphire]

Re: Sapphire v Natwest

On 19th November i sent the following letter to Cobblers:

Dear Ms Sutton,

Further to our previous communications and subsequent hearing on Friday 16 November please find enclosed a cheque for £250.00 in line with my proposals to repay this debt.
In order that we can make future payments, I would be grateful if you could furnish me with full banking details to enable me to make regular payments via the BACS payment system.
To bring this matter to a satisfactory conclusion for all parties, I would like to reopen negotiations to repay this debt. At the moment I can afford £250 for this month and then increase to £300 per month until April 2008, at which time I fully expect to be able to raise payments to £500 per month, and by end 2008 to further increase payments substantially, and then again at regular intervals to hopefully reach a payment of £1,000 per month within a further 12 months.
In the meantime I shall also be making enquiries into re-mortgaging my house in the full intention of realeasing any equity and using it to repay this debt.
Please could you also confirm that the Interst is now frozen on this account.
I would be grateful if you would put forward my proposals to your client and look forward to hearing from you in the very near future.

Yours

[Sapphire]

Re: Sapphire v Natwest

Got this back today from Cobblers:

We thank you for your letter of 19 November 2007 and acknowlege receipt of your cheque in the sum of £250.00.
We confirm that we have passed your cheque for payment. Subject to clearance, this will be applied in reduction of your outstanding liability.
We are taking our client's instructions on the contents of your letter and will revert to you further in due course.

yours.

[enaid]

Re: Sapphire v Natwest

So that means they will be considering your offer of payments does it sappy?
They still have not said if the interest is frozen or not though have they?

[Tempty]

Re: Sapphire v Natwest

keep plugging away at em hun... like the judge said.... it all looks good for you and show's you are willing to play ball... lets just hope pratwest do the same!

[Sapphire]

Re: Sapphire v Natwest

Thanks for you kindness Di and Tempt's, lets keep our fingers crossed eh !

sapphire

[Amethyst]

Re: Sapphire v Natwest

At least they are communicating with you Sapph

[Sapphire]

Re: Sapphire v Natwest

WAHAY !!!!!!!!!! The cheque has cleared, one up for me I think :okay:

sapphire

[Sapphire]

Re: Sapphire v Natwest

Just got this in the post from the court:

General Form of Judgement or Order

Before DISTRICT JUDGE COLLIER sitting at xxxxxxx County Court, xxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Upon hearing the Representative for the Claimant and the Defendant in person.

IT IS ORDERED THAT

1. Apllication to pay by instalment is dismissed.

Dated 16 November 2007

I knew that was coming so not such a surprise really. Can't believe its taken so long to type it up and get it to us.

sapphire

[Sapphire]

Re: Sapphire v Natwest

Another cheque for £300 has been paid in and cleared on the 20th, have had a letter of acknowledgement, but no reply as such to my question of the 27th November 2007.

They do ask if we have made any inroads into acquiring a remortgage, so it looks like we are going to be skirting round the subject for a while as I don't really want to go down the remortgage route at the moment considering how the mortgage market is at the moment ie interest rates etc.

So the plan is to send another cheque for £300 next month and reiterrate my questions of the 27th November and completely forget to answer their questions.
I suppose this is going to end up like a bit of a dance really so lets see how long it goes on till we get an answer or something else happens.

sapphire

[Nattie]

Re: Sapphire v Natwest

the remortgage route is not necessarily the right move if interest rates goes down again next month however, if house prices do go down that could equally be a factor in it all.

[Sapphire]

Re: Sapphire v Natwest

Yes Nattie I thoroughly agree and really do not want to go down that route if its at all possible to avoid it. As our credit rating is shot to pieces at the moment, we would get lumbered with massive interest rates etc if indeed a mortgage company would want us in the current climate.
I did write with our proposals and have had no reply except to say that cobblers are putting it forward to Nat West, oh and of course the last letter to ask if we have started approaching mortgage companies yet.
Looks like we could be starting our own version of strictly come dancing here, with letters back and forth, anyway, hopefully the longer we can keep the dialogue going and keep sending payments which they are accepting, the better it would look to a judge if Nat West did try to foreclose on us, and also we hopefully will be able to increase them to £500 per month in a couple of months time, and again before the end of the year.
To my mind if we are showing regular payments and increases in the amounts (hopefully) then its all in our favour isn't it.

sapphire

[Amethyst]

Re: Sapphire v Natwest

Yes so long as you are paying and a judge can see you are making a decent effort to get this repaid it has to go in your favour in court.

This remortgage option - is this to remortgage to a greater amount to cover your equity and repay the bank in a lump sum ?

Also did you clarify the matter of monthly interest with them ?