Barclays Bank Secured Loan Assigned to Eldridge Finance.

[Ramuk2]

Hello Friends,

I am looking for advise on a problem with a Barclays Bank Loan,secured on my house. This was a 10 year Loan which ended on the 29/05/2016, when Imade the final monthly payment.
Three months before the agreement ended Barclays notified methat, they have assigned the Loan Agreement to Eldridge Finance. Eldridge senta notification advising that I still have a balance outstanding of 500 pounds tobe paid since the completion of the Loan agreement.
I have repeatedly requested Eldridge to confirm with astatement of account to substantiate their claim, which they have not donesince I made the final payment.
My question is this:
Basically, can I apply to the Land Registry or CountyCourt, to have this Property Charge removed and how would I proceed with this???

[Amethyst]

Re: Barclays Bank Secured Loan Assigned to Eldridge Finance.

[MENTION=87380]Diana M[/MENTION];

[Diana M]

Re: Barclays Bank Secured Loan Assigned to Eldridge Finance.

Three months before the agreement ended Barclays notified methat, they have assigned the Loan Agreement to Eldridge Finance. Eldridge senta notification advising that I still have a balance outstanding of 500 pounds tobe paid since the completion of the Loan agreement.
I have repeatedly requested Eldridge to confirm with astatement of account to substantiate their claim, which they have not donesince I made the final payment.
My question is this:
Basically, can I apply to the Land Registry or CountyCourt, to have this Property Charge removed and how would I proceed with this???

Can you confirm the exact name of the company please.

I can't find a business called "Eldridge Finance" on the FCA register but a business called "Eldridge Financial" appears on the register as no longer authorized by the FCA 'for various reasons' so we need to establish whether that is the company chasing you first>

https://register.fca.org.uk/ShPo_Una...000000m4JFNAA2

You also need to check with Land Registry who currently has a charge on your property in relation to this secured loan. Is it still Barclays or has that charge been replaced by Eldridge?

You can do that here on the official Land Registry website which will cost you £3 for an instant PDF download (you'll have to sign up and login but that's free and only takes a minute to do) >

https://www.gov.uk/search-property-i...-land-registry

Did you make your last three months' payments to Eldridge (not Barclays) ?

Di

[Amethyst]

Re: Barclays Bank Secured Loan Assigned to Eldridge Finance.

Think it might be Elderbridge - https://register.fca.org.uk/ShPo_Fir...000001YY0KMAA1

They have bought a large Barclays portfolio - https://www.insidermedia.com/insider/wales/147038-

Did you make your last three months' payments to Eldridge (not Barclays) ?

Indeed, were those last three payments made and was this £500 Elderbridge were asking for in addition to those payments ?

If the loan has been completely paid off then Barclays/Elderbridge should have the charge removed from the Land Registry. The Charge will need to have been moved over to Elderbridge so it is worth double checking on the Land Registry as Di says to know what action to take.

[Diana M]

Re: Barclays Bank Secured Loan Assigned to Eldridge Finance.

Think it might be Elderbridge - https://register.fca.org.uk/ShPo_Fir...000001YY0KMAA1

They have bought a large Barclays portfolio - https://www.insidermedia.com/insider/wales/147038-

That makes more sense.

Thank you

Di

[Ramuk2]

Re: Barclays Bank Secured Loan Assigned to Eldridge Finance.

Can you confirm the exact name of the company please.

I can't find a business called "Eldridge Finance" on the FCA register but a business called "Eldridge Financial" appears on the register as no longer authorized by the FCA 'for various reasons' so we need to establish whether that is the company chasing you first>

https://register.fca.org.uk/ShPo_Una...000000m4JFNAA2

You also need to check with Land Registry who currently has a charge on your property in relation to this secured loan. Is it still Barclays or has that charge been replaced by Eldridge?

You can do that here on the official Land Registry website which will cost you £3 for an instant PDF download (you'll have to sign up and login but that's free and only takes a minute to do) >

https://www.gov.uk/search-property-i...-land-registry

Did you make your last three months' payments to Eldridge (not Barclays) ?

Di

Hi Di,
Thanks for taking the time to reply.
Sorry, my mistake. It´s just Eldridge.
Yes, the last 3 months payments were to this Eldridge Company.
Also, will check on the LR site re: Property Charge and reply on that note.
Cheers.........

[Amethyst]

Re: Barclays Bank Secured Loan Assigned to Eldridge Finance.

The last 3 months payments went to 'Eldridge' ( just check is it these http://elderbridge.co.uk/pages/contact-us.html ) - did they ask you for £500 after those 3 payments had been made?

[Ramuk2]

Re: Barclays Bank Secured Loan Assigned to Eldridge Finance.

Hi Amethyst,
Thanks for taking the time to reply to this.
Your correct it´s just Eldridge.
Yes, last 3 payments were to Eldridge. The additional payment increases with every notification letter.
Effectively the loan ended after those final payments on 29/05/2016.
Yes, will do the check on the LR as suggested and give you an update.

[Amethyst]

Re: Barclays Bank Secured Loan Assigned to Eldridge Finance.

So, after you paid three payments ending 29/5/2016 you had no more to pay, or you had £500 to pay ? (Sorry for asking again, we just need to make sure f there is anything left to pay)

( do you have a statement or something from Eldridge you could send me ? )

[Ramuk2]

Re: Barclays Bank Secured Loan Assigned to Eldridge Finance.

Yes, this is the company on the link.
The notification for the extra payment, had been advised as an outstanding balance on the account. above the monthly payment of 589.66 pounds.
The final monthly payment was in May 2016 which ended the finance agreement.
BUT...... they are still claiming there is an outstanding balance of 604 pounds, which has increased from the previous/last notification of 584 pounds.

[Ramuk2]

Re: Barclays Bank Secured Loan Assigned to Eldridge Finance.

Since the final payment on the 29/5/2016 I had no further payment and, certainly not 500 pounds.
The statements from Eldridge were the payment record from Barclays showing a statement of account payments made.
And NOT a statement of account of payments made to Eldridge.
Yes, I will send this to you.

[Amethyst]

Re: Barclays Bank Secured Loan Assigned to Eldridge Finance.

Yes, this is the company on the link.
The notification for the extra payment, had been advised as an outstanding balance on the account. above the monthly payment of 589.66 pounds.
The final monthly payment was in May 2016 which ended the finance agreement.
BUT...... they are still claiming there is an outstanding balance of 604 pounds, which has increased from the previous/last notification of 584 pounds.

Thank you I think that makes it clear. Did you pay through your bank so you have evidence of the payments?

Would you have a copy of your original loan agreement with Barclays ? ( I know that is a long shot)

[Ramuk2]

Re: Barclays Bank Secured Loan Assigned to Eldridge Finance.

Just checked the LR and got a copy of the register on my property and it shows the Charge has been been replaced: pasted below.

(27.01.2016) Proprietor: ELDERBRIDGE LIMITED (Co. Regn. No. 8896386) of Target House, Cowbridge Road East, Cardiff CF11 9AU

[Amethyst]

Re: Barclays Bank Secured Loan Assigned to Eldridge Finance.

Okay, Thanks for doing that, so it is only Elderbridge you need to deal with now

I'll check what you have emailed shortly.

[Ramuk2]

Re: Barclays Bank Secured Loan Assigned to Eldridge Finance.

Yes, all payments for this agreement were made (via the bank internet banking) so records exists.
Also, I have copy of the Barclays loan agreement.