Sapphire v Natwest - SORTED !

[Guest]

Re: Sapphire v Natwest

Would you like to have a guess............?

Two words, seven letters, three "f"'s...?

[Sapphire]

Re: Sapphire v Natwest

Now, Now children msl:msl:msl:

Thank you for your help Amy and Cetelco hunnies.

[Xena]

Re: Sapphire v Natwest

Ohhhhhhhhhhh that's who she meant by "God, I hate him" PMSL

[scoobydoo]

Re: Sapphire v Natwest

Hi

Have just read your thread - you have been through a bad time havent you. Must have been extremely stressful.

I agree with your current route of just trying to showing that you are making every effort to re-mortgage. If you can find something - it will mean you are back in control . Although the prospect may not be what you want it would I think be less "painful" than the possession route. Can I ask do you have children ? Its just that there is a particular type of mortgage called an intergenerational mortgage where you pay interest only and pass the mortgage on with the house to your dependants.

Jan

[Sapphire]

Re: Sapphire v Natwest

Hiya and thanks for your post, my partner has 2 grown up children with families of their own. To be honest we have made our wishes known and his half will go to the kids, but my half I want to go to different places. So an Intergenerational Mortgage is not the way forward I'm afraid.
We are still investigating the remortgage route though, onwards and upwards eh.

[scoobydoo]

Re: Sapphire v Natwest

If you are making your payments and some towards the arrears - then the final decision will be the courts - have you been in contact with CAB and National debtline ? Maybe they could help with representation if you have to go to court again. sorry if I have posted this before but there is useful section all about arrears and re-possessions on www.direct-gov.uk its in the money and taxes section I think.

I agree that most of your efforts should go to making them accept an agreement as re-mortgaging in the current climate is going to be very hard.And therefore some back up and knowledge would be useful for you.

Jan

[Sapphire]

Re: Sapphire v Natwest

Update:

We contacted our accountant and he hotly recommended an Indepedent Financial Advisor who came round the other day. I asked the relevant questions like 'do you deal with the whole of the market or just a small portion' and 'how much do you charge', to which he replied I deal with the whole of market and my charge is £199 but only on completion.
Anyway we placed all the paperwork in front of him and had a good chat, he then went off to see what deals he could get us ie
a) Remortgage with a lower interest rate
b) Remortgage for more money so we could do deals and pay things off
and a couple of other options.

He called a while ago and said that because of the variables ie because we have 3 things secured on the house and that we had missed a couple of payments over the last year, that he was sorry but he couldn't find anyone to take us on. He will keep looking but not to hold out much hope the way things are at the moment. He also said that if we can get onto an even keel to let him know and he would try again later in the year or early next year.

So there we have it remortgaging is not an option at the moment and I have asked him to put it in writing, so that we have it in black and white shout Nat West decide to see us in court again. Looks like we will have to keep paying (which we have always intended to do anyway and to increase the payments as an when we can).

[scoobydoo]

Re: Sapphire v Natwest

hi again

sort of what you expected I expect - so at least you will have proof that you have tried your best and you are right in the current climate you may as well give that avenue up for now and concentrate on making the best payments you can.

Hope it goes ok for you

jan

[Sapphire]

Re: Sapphire v Natwest

Thanks for that Jan, yes I agree at least if we get asked then we have proof that we did try didn't we, also we have no more surprises on the debt front or so I hope, so its onward and upward and paying, paying, paying till they are cleared, at least we have something to aim for, so all is not lost is it.

[Sapphire]

Re: Sapphire v Natwest

Got this letter yesterday from Cobblers.

We thank you for your letter of 17 Jan and await hearing from you further in due course.

So it looks like they are not going to give up on it, so I suppose we need to wait a week or so and then draft a letter explaining whats happened as in post #188. Just hope that Nat West don't get the hump and try to make us sell the house to get the debt paid. Honestly I need this stress like I need a hole in my head. Oh well at least we are making regular payments and that looks good doesn't it.

[WendyB]

Re: Sapphire v Natwest

You can only do what you can do Sapph, and you've done as much as you can. It must look good that you are making payments regularly and making the effort to jump through their hoops.

Chin up, girl

[Amethyst]

saphhsicles - am reading but have unapproved post cause you left all your personal details on it.

Now one question - as its a guarantee for a loan - I think that the terms of the original loan do apply....with regards ccjs etc. something we need to check.

also thank god you didnt have your mortgage or anything with natwest as well having read that !

Bottom paragraph page 1

this bit

[Sapphire]

Re: Sapphire v Natwest

Ok like the dozy cow I am I left a few details on, here they are again with the sensitive stuff removed I hope.

[Sapphire]

Re: Sapphire v Natwest

Just in case anyone is wondering why I've suddenly posted the agreements up, its because
a) my scanner was knackered and
b) because I was reading this http://www.guardian.co.uk/money/2008...onsumeraffairs and thought that it might help others to see mine. Oh and yes it might benefit me as well.

[Sapphire]

Re: Sapphire v Natwest

Here we go Cobblers have written again:

we refer to our letter of 11 February 2008.

We await hearing from you with an update in relation to whether your enquiries into re-mortgaging your property have resulted in you being able to repay our client in full by the end of April 2008.

We look forward to hearing from you in the next 7 days.

Well we have tried 2 or three brokers and have got a letter from one of them saying its a no go.
What to do now ?

Any advice please.