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Hi All
New here and really ned HELP!
Two issues;
1. On my TMB Flexible Options Agreement on headed paper from TMB it states ; "Credit Agreement regulated by the Consumer Credit Act 1974 on...Property address" - This agreement was signed on by Kevin Wood on behalf of the lender on 14th Jan 2008.
2. Under the heading "Other Financial Information" it says Total Charge for credit is £129.50. This is made up of interest .
The amount borrowed was £354,375. - The term 20 years - The APR 7.9% varible.
On issue one I would appreciate help in relation to the agreement - is it enforcable as max sum was £25000? or is btl property exempt? Mortagage signed Jan 2008 before 2006 regs came in april 08?
On issue 2 I would appreciate input in relation to the figure which is wrong? that would indicate that TCC was 129.50 for 20 year term? does this figure impact the agreement?
tmb appointed LPA recievers couple years ago, since then tenant has moved, house is empty, but still no sale board ...can tmb not get a possession order to dispose? something seems wrong....read somewhere that debt may be unenforcable?
Thanks in advance to any kind enough to help
New here and really ned HELP!
Two issues;
1. On my TMB Flexible Options Agreement on headed paper from TMB it states ; "Credit Agreement regulated by the Consumer Credit Act 1974 on...Property address" - This agreement was signed on by Kevin Wood on behalf of the lender on 14th Jan 2008.
2. Under the heading "Other Financial Information" it says Total Charge for credit is £129.50. This is made up of interest .
The amount borrowed was £354,375. - The term 20 years - The APR 7.9% varible.
On issue one I would appreciate help in relation to the agreement - is it enforcable as max sum was £25000? or is btl property exempt? Mortagage signed Jan 2008 before 2006 regs came in april 08?
On issue 2 I would appreciate input in relation to the figure which is wrong? that would indicate that TCC was 129.50 for 20 year term? does this figure impact the agreement?
tmb appointed LPA recievers couple years ago, since then tenant has moved, house is empty, but still no sale board ...can tmb not get a possession order to dispose? something seems wrong....read somewhere that debt may be unenforcable?
Thanks in advance to any kind enough to help
