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Full and final settlement negotiation letter?

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  • Full and final settlement negotiation letter?

    Hi Everyone

    Can anyone advise on the following please?

    My friend is trying to negotiate a f&f settlement to clear a balance and also a restriction on her deeds.

    Her ex hubby used her card and ran up a balance then hid all the statements etc.

    The creditor took her to court and managed to secure a restriction (at that time her ex's name was still on mortgage and deeds).

    The balance is around £3k and last May she received an offer letter to clear it for £1,500 but was not in a position to do so. She called them just before xmas 2020 as she has received another letter asking if she could settle a discounted balance. She called them and they said that she had to make an offer so she offered the £1,500 and they would not accept it at this point.

    She is now in a position to negotiate again - so should she send them a letter? I have looked for the sample letter but cannot seem to locate it on here.

    She did call them a couple of weeks ago (the agent not the OC) and they said they would be looking at the full amount and would not be prepared to negotiate.

    I believe this hasn't helped - she is in the process of remortgaging and the mortgage brokers have failed to advise the solicitors that it was not her intention to clear off the restriction - so the solicitor has actually applied to the OC for a redemption figure - which the agent stated when my friend called to try and negotiate.

    Any advice please?

    Thanks
    Tags: None

  • #2
    By restriction I assume you have a charge on your property registered with the Land Registery?

    Comment


    • #3
      Hi...not myself, as explained above....but yes my friend does.

      Comment


      • #4
        If I were the creditor I wouldn't negotiate either I would say it's to late for that, I'd just sit it out until the property is sold.

        Comment


        • #5
          Originally posted by EnglandPi View Post
          If I were the creditor I wouldn't negotiate either I would say it's to late for that, I'd just sit it out until the property is sold.
          Thanks for your reply, albeit somewhat unhelpful, but thanks.

          Can anyone else offer any actual advice please?

          Thanks

          Comment


          • #6
            Sorry I don’t do tea and sympathy; I just state the facts.

            Comment

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