I am not speculating the truth of the matter is the bill of sale is registered in the high court by the logbook loan company so if you default they take your car and sell it on they have to take you to court to repossess your car. The debt is registered so if in the event of the car being written off it would show on the hpi and the engineers would check the full hpi and they will find out whether its on finance and they will contact whoever the money is owed to and you only get the balance back if any owed to you. Just because you insure the car doesn't mean the insurance would have to pay out to you. All I said in my last message was i didn't know about the bill of sale regulation. I haven't researched it yet The logbook loans are just loan sharks who prey on the vulnerable and i personally wouldn't go near them and when you do take a loan out with them you are handing over temporary ownership of your vehicle and there is nothing you can really do about it.

I don't know about the bill of sale regulation the loan would be registered against the car and the insurance would do a hpi check on the car and they would pay the finance company off first, I know that as i know someone who has a varooma loan and the insurance paid out the loan and the balance was paid after the finance was paid off first. Varooma and any logbook loan company have to register their interest in the car otherwise they would be the losers in this.

not sure if you got this sorted but for anyone else looking at this post the last i am afraid i will have to correct you the info you have put on is wrong the insurance company pay off varooma first and pay you the balance if anything left over back to you afterwards. this is a fact

Hi thanks for that i thought the same as you re the sale of the property will look into it and see if i can find a good solicitors who can elp

hi all was wondering if someone could help or advice, i was repossessed in september 2006, my property was put on the market for £274,950 on 6th october 2006, on 1st november the lender reduced the sale price to £250,000. The property was sold on 7th january2007(contracts exchanged 7th december 2006). The property was only advertised in the local paper twice and the notice inviting higher offers before exchange of contract had the wrong address i.e. second part of the road name was wrong.They had also only had one valuation done on the property i was also chargde for buildings cover whilst in repossession which the lender took out themselves

hi all was wondering if someone could help or advice, i was repossessed in september 2006, my property was put on the market for £274,950 on 6th october 2006, on 1st november the lender reduced the sale price to £250,000. The property was sold on 7th january2007(contracts exchanged 7th december 2006). The property was only advertised in the local paper twice and the notice inviting higher offers before exchange of contract had the wrong address i.e. second part of the road name was wrong. They had also only had one valuation done on the property i was also chargde for buildings cover whilst in repossession which the lender took out themselves i was repossessed in september 2006, had a company look at my mortgage agreement and was told that kensington mortgages had paid my broker £2500 secret commission, that company has gone into administration the solicitor wasnt doing any more cases as it was based on no win no fee The house went on sale on 6th october 2006, at a price of £274,950 and on 1st november 2006 the property was reduced down to £250,000, offer was accepted on the property shortly afterwards and contracts exchanged december 2007 and completion took place january 2008 for the sale price of £250,000. Yet when on the day of repossession i had found a buyer for £260,000 kensington wouldnt allow the sale to go through unless i t was an unconditional exchange of contracts within half an hour which was impossible the property was only advertised in the local press twice during this time,when the property was advertised as asking for any higher offer before contract are exchanged the address was wrong the first name of road was correct and the second part was incorrect the actual address advertised was about 2 miles down the road from my house. the lender only asked for one valuation and they have put charges on that could have been avoided i.e. clearing out house done by company on the mainland so companys cost of ferry travel,they also took out a buildings insurance which they have charged me for. I have all the documents relating tothis mortgage the only thing i dont have is the underwriting sheet can i do sue the mortgage company for underselling my property or what could i do should i take it to county court or get a solicitor