• Welcome to the LegalBeagles Consumer and Legal Forum. Please register to get the most out of the forum. Registration is free and only needs a username and email address.
  • LegalBeagles® is a free forum, founded in May 2007, providing legal guidance and support to consumers and SME's across a range of legal areas.

    Please do not post your full name, reference numbers or any identifiable details on the forum.
  • A free service which provides vulnerable consumers the ability to record their personal circumstances at a given point in time when they are looking to protect themselves against further debt or related financial problems. This is done either by self-exclusion from credit and financial promotions or to slow down the credit application process.
    Vulnerable consumers can register for FREE

    REGISTER

    Check if the Debt Collection Agency/Debt Purchaser contacting you is using the VRS register.

    CHECK NOW
    .

Statutory Demand - responding to forms? Please help

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Statutory Demand - responding to forms? Please help

    Hi, I have been served with a Statutory Demand. The Lender says I owe them just over £100k. The 18th day is Friday and I am struggling with the forms. Please can someone help.
    To cut a long story short. I had a unregulated mortgage on a property I was doing up to let out. I got into difficulty when my relationship broke up and I had to refinance to pay off my ex. It was a short term loan. The property was on the market by the repayment date but as yet hadnt sold. It was up for £565,000. The debt was £422,000. The lender brought in LPA receivers. They told me I couldnt sell it. They had to just as I had received and accepted an offer of £560,000. This sale then never went ahead, no idea why. It was a cash buyer, who was keen and willing to work quickly. The LPA then sold it for £360,000. The lender now says I owe them £100,000 - again without any real explanation and have issued a statutory demand.
    Can I say there is a dispute and ask for it to be struck out? Their behaviour caused the debt. I never missed a payment ever, I just couldnt pay back on the date set and I continued meeting all payments until the flat was actually sold.
    Also I have an email from their Head of Credit who promised he wouldnt report anything to the Credit Reference Agencies. He then did which then stopped me from refinancing instead of selling as I couldnt find a lender. The loan was a business loan in my name. Can they a) do this and b) should they have done. It would never have been an issue if they hadn't have done this and I would have met the repayment date.

    What do you think? And if I do send a response am I using 1AA

    Thank you!
    Tags: None

  • #2
    Apply for Set Aside. Now!!

    Comment


    • #3

      Set Aside Application

      Comment


      • #4
        have you submitted the application to set aside yet? https://www.gov.uk/statutory-demands...atutory-demand go to this link, you need the IAA and also a witness statement too
        I work for Wannops LLP . I give my free time available to helping other on the forum and would be happy to try and assist informally where needed. Any posts I make on LegalBeagles are for information and discussion purposes only and shouldn't be seen as legal advice. Any advice I provide is without liability.

        If you need to contact me please email me on Ptilley@wannops.com . My firms initial advice is always free.

        I have been involved in leading consumer credit and data protection cases including Harrison v Link Financial Limited (High Court), Grace v Blackhorse (Court of Appeal) and also Kotecha v Phoenix Recoveries (Court of Appeal) along with a number of other reported cases and often blog about all things consumer law orientated.

        You can also follow my blog on consumer credit here.

        Comment


        • #5
          No update on this, OP?

          Comment


          • #6
            Hi, sorry am still working out how LB works. I have submitted the paper work now and raised it as disputed on the Iaa. They want details of the dispute which I put in the 1AA. Will the court send this to them do you think? Or do I need to send to them as well?
            Thank you so much!

            Comment

            View our Terms and Conditions

            LegalBeagles Group uses cookies to enhance your browsing experience and to create a secure and effective website. By using this website, you are consenting to such use.To find out more and learn how to manage cookies please read our Cookie and Privacy Policy.

            If you would like to opt in, or out, of receiving news and marketing from LegalBeagles Group Ltd you can amend your settings at any time here.


            If you would like to cancel your registration please Contact Us. We will delete your user details on request, however, any previously posted user content will remain on the site with your username removed and 'Guest' inserted.

            Announcement

            Collapse

            MONEY & DEBT

            Help and support with all issues related to finances. If you’d like information on sources of free, regulated, debt help and advice you can visit the Money Advice Service. It's an independent service, set up by the government to help people make the most of their money.
            See more
            See less

            Court Claim ?

            Guides and Letters



            Search and Compare fixed fee legal services and find a solicitor near you.

            Find a Law Firm


            Loading...
            Working...
            X