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Re: home reposession
HaHaHa! I posted this before!Originally posted by PlanB View PostAh ha, that says it all. Restone was fined £630k by the FSA for not Treating Customers Fairly which we reported on this site at the time:
http://www.legalbeagles.info/forums/...tment-of-custs
They may need reminding of this fact
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Re: home reposession
my payments are up to date, i have never missed or been late on a single payment, it annoys me because some months its been really tough to find the money but my mortgage payments is the one always at the top of our list,also its on direct debit from my bank, positive never ever missed one payment, the mortgage company is redstone mortgages, we borrowed to buy the buisness here and that was on our original application for the remortgageComment
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Re: home reposession
will do thankyou, i did email their solicitor back this morning requesting that they allowed me more time than sixty days, i have asked for twelve months on the grounds that the work here is seasonal and it is the start of the season in two weeks, t hat i will try to sell on our buisness here which would leave us in aposition to pay back the loan in full. l have a friend here who is going to go through all of my correspondence with them and put it in order for me to send on to a uk solicitor to see what he can make of itComment
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Re: home reposession
Submit a SAR to the lender as soon as you possibly can and obtain all your paperwork. You are dealing with a bunch of crooks! Is there a solicitor involved in this anywhere? Acting for you or the lender, or both?Comment
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Re: home reposession
In which case this may be a *secured loan* for business or commercial purposes and not a traditional residential mortgage so you could have less protection and it's possibly unregulated. Just because you lived in the property that doesn't necessarily mean it was a residential mortgage. If you told them it was to buy a business in Spain on the application form it seems odd that they're bothered you're not living in it.Originally posted by scatty natty View Post
These are the things you need to check out with a lawyer when you show him your loan agreement. A SAR will take 40 days and they've only given you 60 days before they intend to seize your property so dig out whatever paperwork you've got and show it to a solicitor specializing in property issues quickly. This isn't one for the CAB!Comment
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Re: home reposession
their solicitor told me on the phone that my mortgage is a residential one and that is why i am in breach of terms and conditions, in her words they were classing it as an illegal let. where will i get a SAR?Comment
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Re: home reposession
Do you intend to return to the UK when you sell the business in Spain? I fail to see why they would send in the receiver if they knew you would be returning to the property at some stage in the near future (even if you're not :wink: ).Originally posted by scatty natty View PostComment
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Re: home reposession
i havent got a solicitor yet, it is theirs that is contacting me, i can only contact the direct by telephone ( which i have to use a uk mobile as their number does not accept calls from overseas land lines) or by post which can take a week to get there, they have no email address for the department, the only email they have is for making enquiries for new products. i tried emailing on that before and you get no reply!Comment
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Re: home reposession
Can you give the name of the solicitor that you spoke to on the phone?Originally posted by scatty natty View PostComment
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Re: home reposession
HL Interactive LLP the solicitor is called Gavin Coyle before him there was a woman dealing with it but she left the company and he must have picked up her work, i cant recall her name but will have it on emailComment
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Re: home reposession
i will have to go through my emails, it was before christmas, also what i find confusing is that they have said on the letter i received that they are unable to accept our request to change to a buy to let mortgage, i did not request this anyway, i gave them all the relevant details when they found out i was renting the house out, i told them in the letter that this is our home, we do intend to live in it and have rented the house out because of curcumstances with our buisness, we were going to have it managed for us but with the economic down turn we had to manage it ourselves, which was fine until our last daughter moved out, we then rented the house out so it wasn't left empty for six months at a time, they have my full address here and my parents address in the uk as contact addresses, i never requested a different productComment
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Re: home reposession
in the letter i hand wrote i told them we would be renting the house out for at least another eighteen months, i think that was in late september, early october i sent that, i have kept a copyComment
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Re: home reposession
You definitely need to get a solicitor on your side as soon as possible. The people you are involved with are only after your equity in the property and are using the letting clause as an excuse to repossess so they can rob you blind. They will repossess and sell your property to cover the amount owed by you and will add charges on top to swallow up what's left leaving you with nothing. You have come to the right place for advice but you need to follow the advice and get a solicitor to help you fend off the vultures.Comment
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