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Found 3 results

  1. Me and my business partner are the guarantors of the company's overdraft and loan of approx. £29,000 debts. Since the business is going downhill, the Bank started to chasing the debts we owe. We made an offer to pay back. They accept the offer my business partner made - £250 per month. but turn down my offer of £300 per month and they said;they have carried out a land search and determined that I am a home owner. They already instructed a Solicitor to write to me and asking me to pay the debts of £ 29000 within 7 days or otherwise obtain a charging order against my property in order to recover the full amount of £29000. My business partner is a home owner as well, why didn't they do the same to him? Should we bear the equal amount of debts i.e.£14500? What Happens When They Put A Charge On Your House?(my house is own by joint-name) Will they force us to sell the house? What should I do next? Please help? Urgent!
  2. Hello, I got a divorce in 1996, and during the proceedings I was awarded a charge over a property (50%) to be realised on the death of my mother in law, who lived in the property at the time, she passed away last year and my ex husband will not accept any offers made on the house, which he has to deal with as part of his mothers estate. I just wanted to know what ways I can enforce this charge, and what type of charge it is, it was created by deed but through divorce proceedings. any info is much appreciated. Thanks!
  3. hi there, i am in a nervous wreck all the time about 4 weeks ago i got a letter through the door saying lloyds tsb are taking me to court for an out standing loan on £4000 that i borrowed arond 5years ago, all through this time i was making payments untill lloyds stopped taking them in my foolish ness i never phoned up i just left it, i fell into some home troubles having a squatter in my house and had to spend all my time and money trying to get her out, but lloyds do not care about that, they have summons me to court were they have stated they can put a charge on my house and make me sell it for the littleist amount of money they can get for it, i have to attend court next week, i have been sent a letter from lloyds saying that they have evalluated my ppi claim and that i am owed 2000 i am going to offer that to the cort and see if they will take instalments also my friend in willing to move in with me to help bring in more income into the house to pay it off, i have to children and it is very scary for me one has jst turned 18 the other is 19, i just dont no what to do, any one with advice or if some one has been through this please please comment and help thank you
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