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Hi
My partner took out a secured loan on her property back in 2007 with Black Horse. She fell into difficulty and couldn't pay, it went to court and the judge said she can pay what is agreed and any issues the lender has to take it back to court.
She has not paid anything since August 2013, purely because of finances and she heard absolutely nothing until Cabot sent a letter.
We decided to sell up and clear everything off, we contacted Cabot who state that they bought it off Black Horse 15th July 2013 and then to Ascent Legal on 29th April 2016.
I checked the land registry and found that apart from the mortgage, it still states that Black Horse ''(29.10.2007) Charge dated 23 October 2007 in favour of Black Horse Limited''
There is no update on details and in my mind, Black Horse does not own the debt.
Where do we stand as regards to the second charge as Black Horse does not own it, the Land Registry document was from this week.
What we do not want to do is to hold a sale up, we are prepared to settle the loan, as it was taken out.
Can anyone point us in the right direction, please.
My partner took out a secured loan on her property back in 2007 with Black Horse. She fell into difficulty and couldn't pay, it went to court and the judge said she can pay what is agreed and any issues the lender has to take it back to court.
She has not paid anything since August 2013, purely because of finances and she heard absolutely nothing until Cabot sent a letter.
We decided to sell up and clear everything off, we contacted Cabot who state that they bought it off Black Horse 15th July 2013 and then to Ascent Legal on 29th April 2016.
I checked the land registry and found that apart from the mortgage, it still states that Black Horse ''(29.10.2007) Charge dated 23 October 2007 in favour of Black Horse Limited''
There is no update on details and in my mind, Black Horse does not own the debt.
Where do we stand as regards to the second charge as Black Horse does not own it, the Land Registry document was from this week.
What we do not want to do is to hold a sale up, we are prepared to settle the loan, as it was taken out.
Can anyone point us in the right direction, please.
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