billy1969
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Posts posted by billy1969
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She's paid tax on it herself as it it savings.
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Ok the money has been transferred over a period of time in smallish chunks , nothing has ever been picked up by anyone, well yet which is why he's panicking so much as someone mentioned to him that the tax man may look into it or the official receiver.
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i think its best he gives it back to her. She was going to leave it to him in her will andi guess she thought she could give it to him now.
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after. Hes worried because he went bankrupt for roughly the same amount as is now in his account so could that be seen by the Offical reciver as him deliberatly concealing the money until after the bankruptcy?
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OK and what about the offical receiver would they think that he has been hiding the money that has now been transferred to him by his sister? could they sieze the money or see it as fraud?
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Thanks Honey. 70k as ive told him it think a good idea to start transferring it back but in small amounts?
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A mate of mine agreed to look after his sisters money which she was leaving to him anyway that she had in savings so when she retires in 2 years times she can claim benfits. I know that sounds bad in itself but can you just bear with me because hes in a right state about it.
He got pressured into doing it and has the money in his account. The deal was she wouldnt touch it so there would be no real activity on the account, maybe taking out bits and bobs when she needed it. He always felt uncomfortable about doing it and now she is saying that she wants some money. And what is the potential fall out for him regarding this.
He wants to tranfer it back to her as she hasnt retired yet but doesnt want to make a huge transaction as he doesnt want it picked up by anyone. He was made bankrupt in 2008 and discharged in 2009 and he is worried that if someone looks at his account they might think that his sister was hiding the money for him and has now given it back. Hes got himself in to such a state worrying that im worried for him which is why i have posted on his behlaf as hes so paranoid.
I told him to start transferring it back at 1000.00 a month as that shouldnt look to bad an could be maybe seen as him payng a loan back or something?
Hes worried about the tax man, the official reciver, getting caught up in fraud and all sorts. I guess im trying to find out whta the best thing to do is for him.
Its a weird one i know and his sister should have never put him in this position. Whats the best way for him to get this money back to her with the least problems?
Blemain finance and charges, so confused
in Blemain Finance
Posted
My late mother has a secured loan on her property from Blemain Finance.
Original loan was for £13,000 @ 19.3apr
120 payments of £232.69
Total payback £27,922.80
This was over a 10 year period.
They have stated that the loan to value was 40.48%
On top of the loan was a :
£995.00 brokers fee (First Trust)
£455.00 loan acceptance fee
Skipton arrears fee £481.84
therefore the loan total was
£14,450.00
Interest rate variable @ 14.95%
Also after going through the loan even the my mother had building insurance she was charged to have Blemains buildings insurance as well.
There was also:
£444.00 of arrears charges
£90.00 on visit costs
£12.00 land reg charge for copies
£5.00 for a land reg priority search
Online issuing fee £100.00
Issue os possession proceedings £40.00
Court preparation fees £59.00.
Mums mortgage with Skiptons was for £76556.43 at a payment of £400.00 per month
and
Blemain at £232.69 per month
Her salary without mine was £1000.00 per month plus tax credits.
Blemain also wrote to mum about £276.00 charges that they had added but hadn't notified her of back in 2013 & 2014.
Sorry this is so long but I am doing my best to add as much detail as possible here.
Poor mum she never had a chance.
The loan was cleared prior to mums death in 2015 when she sold her house.
The early settlement figure was £14,451.27
Repayment admin fee £195.00
Building insurance charges to settlement date £371.00
Costs and charges £1,1878.00
Total settlement amount £16,205.63
Mum struggled all the way through this loan to stay on top of the payments of £232.69 and her mortgage of £400 after adding it all up she paid off £8756.19 and then £16205.63 = £24961.82 for an original loan of £13,000.00
Gobsmacked isn't the word!
Once again sorry for the length of the post but I didn't want to leave anything out.
I think I can claim back the building insurance ? but is there anything else ?
Thank you