This topic was closed on 03/07/19. If you have a problem which is similar to the issues raised in this topic, then please start a new thread and you will get help and support there. If you would like to post up some information which is relevant to this particular topic then please flag the issue up to the site team and the thread will be reopened. - Consumer Action Group

This topic was closed on 03/05/19. If you have a problem which is similar to the issues raised in this topic, then please start a new thread and you will get help and support their. If you would like to post up some information which is relevant to this particular topic then please flag the issue up to the site team and the thread will be reopened. - Consumer Action Group

Thanks for the reply Blimey, yes how silly of me - it will need to be £70k not £40k Unfortunately £70k is possibly too much of a mortgage for the family member, so same sort of question ... would it be acceptable (to a receiver) if just the mortgage was paid off and the title transferred to the family member. I suspect not

After procrastinating over an IVA, and managing reduced payments over the past five years, now having lost my job, it seems like BR may now be the only option I have a mortgage in my name only, and there is about £40k still owed. I'd estimate that there may also be about £30k of equity (effectively the beneficial interest?) in the house if it was sold and after the mortgage repaid. Would it be possible prior to going BR, for a family member to get a mortgage for £40k, pay off mine (the 40k I owe) and take over ownership of the house. Then I could either make full and final offers to creditors before/instead of going BR, or keep the £40k until BR and then offer that to the receiver in-lieu of the equity (£30k) which would have been attained if the house was sold? Actually it will be £10k more than if the house was sold after BR Basically would this be acceptable to the official receiver without him being concerned about the property title changing hands just before BR? It is potentially a better option for creditors Basically I need to protect the home if at all possible, and this is the only way I can think of doing so at the least cost Thanks

I had a major argument in the bank today, and for the life of me I can't understand what has gone on. I have changed the exact figures and days, but the principle is the same Day 1 - balance £1000 Day 2 - cheque 'x' credit £500 - balance £1500 (uncleared) Day 3 - cashpoint £10 - balance £1490 Day 4 - cashpoint £50 - balance £1440 Day 5 - cheque 'x' bounced - balance £ 940 (cleared) Day 6 - cheque 'x' represented -balance £1440 (uncleared) Day 7 - cashpoint £40 - balance £1400 Day 9 - cheque 'x' bounced - balance £ 900 (cleared) Day 9 - cheque 'y' credit £200 - Balance £1100 (uncleared) So I should have £900 cleared and £1100 uncleared. But, the cashpoint says I only have £150 available for withdrawal, while a mini statement says £900. I went inside the bank, and the cashier checked and said that I did only have £150 for withdrawal and the £900 on the mini statement was uncleared. I asked how this could be so, and she said it was to do with the bounced cheque being debited. I explained that I still had £900 in the account before paying in the cheque, but she insisted that I did not as the bounced cheque was uncleared! I spoke with a more senior advisor, and she said the same thing. I asked her to ignore the bounced cheque completely, and tell me how much I had in my account before it was paid in, and she agreed it was £1000, and I had withdrawn £100 since. "So" I asked, "Why can't I withdraw my own money in my account? I am not drawing on an uncleared cheque, just my own money which was already there" She replied, that I caould not draw my money because the cheque has bounced and needs to be debited. Plus The cheque I paid in today needs 3 days to clear! Arrrggggghhhh I could not make her see that I already had £900 cleared funds. She insisted that it was the way Lloyds process their cheques and how thay credit and debit bounced cheques. All of which sounded like complete b*****ks to me. She kindley let me withdraw £200, so it seems technically I was/am £50 overdrawn. I subsequently checked online, and that tells me that I now have £700 uncleared, and £0 available balance So the question is, WTF has gone on? Where is my money?

I am curious to know if a bank will close an account of a customer who either sues and wins, or just threatens to sus and seetles out of court.

I am curious to know if a bank will close an account of a customer who either sues and wins, or just threatens to sus and seetles out of court.