Tweet
Repossession
Hi
I posted teh otherday regarding Firstplus declining my application to unsecure their charge from my property that was intended to be sold through the Mortgage Rescue Scheme.
I am now going to take my case to the Financial Ombudsman as I feel quite strongly that I have case to argue, under no circumstance will Firstplus stand to get anything whatever happens withe the property and yet are blocking me doing something about it.
Just a question as im now refusing to make payments towards the loan, as it has been made quite clear its unaffordable therefore I am making sure my first charge is happy however, I am aware taht both charges can make a repossession claim does anyone know what the likely outcome of this will be given my first charge is relatively happy and if the property goes to repossession the first charge stand to lose and Firstplus as explained above will gain nothing total wasted exercise in my opinion.
Does anyone know whether these companies hae some sort of insurance whereas if I got repossessed they could make a claim, as there is a reason why they are blocking me as whatever happens they are going to lose everything.
Any help would be great.
I posted teh otherday regarding Firstplus declining my application to unsecure their charge from my property that was intended to be sold through the Mortgage Rescue Scheme.
I am now going to take my case to the Financial Ombudsman as I feel quite strongly that I have case to argue, under no circumstance will Firstplus stand to get anything whatever happens withe the property and yet are blocking me doing something about it.
Just a question as im now refusing to make payments towards the loan, as it has been made quite clear its unaffordable therefore I am making sure my first charge is happy however, I am aware taht both charges can make a repossession claim does anyone know what the likely outcome of this will be given my first charge is relatively happy and if the property goes to repossession the first charge stand to lose and Firstplus as explained above will gain nothing total wasted exercise in my opinion.
Does anyone know whether these companies hae some sort of insurance whereas if I got repossessed they could make a claim, as there is a reason why they are blocking me as whatever happens they are going to lose everything.
Any help would be great.
