Rossendales Final Notice Advice Please.

[Stevlynd]

Re: Rossendales Final Notice Advice Please.

Can you not set up a company then sell three of the properties to that company against a debenture?

Thanks for your reply clever clogs. I have never heard of this. How would I do it?

[Stevlynd]

Re: Rossendales Final Notice Advice Please.

Can you not set up a company then sell three of the properties to that company against a debenture?

<br>
<br>
Have had a read & am still none the wiser.

[Streetwise]

Re: Rossendales Final Notice Advice Please.

sorry Streetwise I don't understand why you would think I am creating the nightmare with the council. Like I said I informed the council of what was happening.
I am taking on the Bank I have an appointment with a solicitor on Friday, something which has been extremely difficult as most of the good ones are on a retainer from the banks. I have already forwarded information to her.

A solicitor thats on a retainer from the bank,Cobbet's went bust because a certain bank did not pay them,solicitors look at cases on fact's.

[Streetwise]

Re: Rossendales Final Notice Advice Please.

Have spoken to the council again today & taken in the proof they need. Have also spoken to the bailiff & he has put a hold on it for 2 weeks until the council get round to looking at the information I took in today.

Result, put this to bed for two weeks.

[Streetwise]

Re: Rossendales Final Notice Advice Please.

Have had a letter from my MP today containing the banks response to my complaint & as a gesture of good will they are giving me until the end of July to remortgage the properties. This is just about impossible though as the lenders I have spoken to will only take a landlord with no more than 3 properties.

So after all there threats there giving you 2 months,ask them to consider you remortgaging 3 properties through another lender and them to re finance the remaining properties tell them it's the only option for you.

[Stevlynd]

Re: Rossendales Final Notice Advice Please.

A solicitor thats on a retainer from the bank,Cobbet's went bust because a certain bank did not pay them,solicitors look at cases on fact's.

if a solicitor is being paid a retainer by the bank it means they won't look at your case as it would be a conflict of interest.

[Stevlynd]

Re: Rossendales Final Notice Advice Please.

Result, put this to bed for two weeks.

Hopefully the council will have sorted it in that time.

[Streetwise]

Re: Rossendales Final Notice Advice Please.

if a solicitor is being paid a retainer by the bank it means they won't look at your case as it would be a conflict of interest.

You wouldn't want that solicitor anyway,well maybe you would because you could probably get away without paying him.:tinysmile_kiss_t4: