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I am very confused. I took out a loan in 2007 for 648,000. The loan was to refinance my properties and get planning for a scheme on the back part. The loan was for a year. This loan had no exclusion clause. The market collapsed before I could get planning and the Housing Association I had lined up pulled out. I renewed my facility. This time my loan clearly stated I was excluded from the CCA. I signed 2 new facilities in 2010, these did not have the exclusion included, one was for 200,000 ( Tailored Business Loan ) and the other 448,000. The bank have acted very unfairly towards me since the expiry of these loans as they are no longer interested in having a property portfolio in the uk and my loans went down under. The bank wanted me to sign a 6 week facility last year, at a huge cost and gave me 7 days to sign. I didn't. This facility had in huge letters not regulated. I was evicted from my rented house and I moved into one of my properties. When the bank found out they said I had no right and I had to ask their permission before moving in. I had a meeting with my manager at a financial solutions centre. The bank have manipulated my accounts so that I was on a Charities and Clubs account - paying no interest for at least 12 months. I wanted to know what this was, and my manager said not to ask about it or bring it up again. That it was in my interest that I had it and keep quiet. I wrote to the chief Ex and complained. I said I was regulated and they hadn't followed any procedure at all, I said I was most unhappy and that they had also included my facility fee as in Penelope wilson and 1st County. The bank have sent in the receivers who have removed all my income. I wrote again and said not only had I always intended to live here but that I was now and that I was not exempt. I am awaiting a letter from the banks solicitors who 'believe' they had a right to send in the LPA receivers. On the last facility letter they had only put one of my properties as security, I said how can they take all when only one was written on the facility letter. The LPA's say that the next step is a court order to evict me and my family.
Who is right?
Am I right in thinking that each loan facility supersedes the former?
Have I a chance
How do I proceed?
Anyone out there with any ideas at all?
thanks
I am very confused. I took out a loan in 2007 for 648,000. The loan was to refinance my properties and get planning for a scheme on the back part. The loan was for a year. This loan had no exclusion clause. The market collapsed before I could get planning and the Housing Association I had lined up pulled out. I renewed my facility. This time my loan clearly stated I was excluded from the CCA. I signed 2 new facilities in 2010, these did not have the exclusion included, one was for 200,000 ( Tailored Business Loan ) and the other 448,000. The bank have acted very unfairly towards me since the expiry of these loans as they are no longer interested in having a property portfolio in the uk and my loans went down under. The bank wanted me to sign a 6 week facility last year, at a huge cost and gave me 7 days to sign. I didn't. This facility had in huge letters not regulated. I was evicted from my rented house and I moved into one of my properties. When the bank found out they said I had no right and I had to ask their permission before moving in. I had a meeting with my manager at a financial solutions centre. The bank have manipulated my accounts so that I was on a Charities and Clubs account - paying no interest for at least 12 months. I wanted to know what this was, and my manager said not to ask about it or bring it up again. That it was in my interest that I had it and keep quiet. I wrote to the chief Ex and complained. I said I was regulated and they hadn't followed any procedure at all, I said I was most unhappy and that they had also included my facility fee as in Penelope wilson and 1st County. The bank have sent in the receivers who have removed all my income. I wrote again and said not only had I always intended to live here but that I was now and that I was not exempt. I am awaiting a letter from the banks solicitors who 'believe' they had a right to send in the LPA receivers. On the last facility letter they had only put one of my properties as security, I said how can they take all when only one was written on the facility letter. The LPA's say that the next step is a court order to evict me and my family.
Who is right?
Am I right in thinking that each loan facility supersedes the former?
Have I a chance
How do I proceed?
Anyone out there with any ideas at all?
thanks
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