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Hi all. Another moan about our "friends", Welcome Finance. My ex husband took out a loan which he clearly couldnt afford in December 2007. I am not named on the loan, however, did sign, under duress, a deed application for it to be secured. This has no customer number on it.
After defaulting payment for most of 2008, Welcome assessed the payments, knocking them from £240 a month to £140. This had a change of account number. I did not sign any new deed agreement.
When he departed, he then went bankrupt. Welcome were named in the petition, and did nothing to recoup the money, as there was not enough equity in the house.
Now that I am moving on, Welcome say they still have a charge on the house, as it is a priority loan, and cannot go away through bankruptcy.
The questions are;
Thanks for any and all help!
After defaulting payment for most of 2008, Welcome assessed the payments, knocking them from £240 a month to £140. This had a change of account number. I did not sign any new deed agreement.
When he departed, he then went bankrupt. Welcome were named in the petition, and did nothing to recoup the money, as there was not enough equity in the house.
Now that I am moving on, Welcome say they still have a charge on the house, as it is a priority loan, and cannot go away through bankruptcy.
The questions are;
- as there is no customer number on the original deed acceptance, is this legal?
- as my ex clearly couldnt afford to pay the original loan, was he mis-sold it?
- As Welcome refinanced the loan, with a new account number and monthly figure, is the charge on the original loan now null and void, as there should have been new forms to sign in agreement for the new loan?
Thanks for any and all help!
