NRAM/Heliodor Mortgages and possession hearings

[4148boome]

hi ell-enn

 

i am also thinking that i should phone NR tomorrow and ask them why they havn't replied or even got their Sols to reply.( i have the names of the relevant Managers dealing with the case.

 

regards

[4148boome]

ell-enn

only a minimum amount, say £50 pm but this wan't mentioned in the last conversation i had with them (NR)

 

regards

[Ell-enn]

The thing that concerns me is that there is only 6 years left on the mortgage term, if the arrears cannot be paid within that time you are going to have trouble persuading the judge not to order possession.

 

£50 per month over 6 years is only £3,600 and if even half the arrears are made up of chartges this is £7,500

[4148boome]

Hi

I called NR to clarify the position, and to chase up a reply to my letter asking for braekdown of charges. They said a letter was on its way, and i should have it by hearing date .

i also asked the litigation dept about agreeing to the full payments, and they informed me that they would accept full payments plus some off the arrears monthly, even if it was a small amount as long as i could afford it. In the meantime they would go for a suspended possession, and confirm back to the court once an agreement with myself is in place.

I am guessing this is the best i can hope for

regards

[Ell-enn]

Are they going to confirm all that in writing ?

[4148boome]

hi ell-enn

I received a letter today from NR which stated: Based on the income and expenditure details provided, we have exhausted all of our hardship options.

No mention of the request for a breakdown of charges, or any confirmation of my conversation with them re the hearing on 25th.

Are they playing a game do you think?

 

regards

[4148boome]

Hi

I have prepared a budget sheet and a statement for hearing tomorrow. Can anyone advise me of a timescale when they have to be submitted to the court/. Sols?

should i go to the court today and hand papers in?

regards

[Ell-enn]

If you can get it to the court today that would be best - remember to take a copy of it all for yourself so you have one to refer to in the hearing.

[4148boome]

Thanks Ell-enn, i'll keep you posted

 

regards

[elzerbeth]

looks like nram are busy tomorrow my hearing is tomorrow aswell

 

[4148boome]

Hi Elzerbeth

 

Good luck for tomorrow

 

regards

[elzerbeth]

you too i hope we both have good news today alot of what you have said is the same as myself with regards to n rock/ram but i have more arrears than you and a longer term on my mortgage this is my 2nd eviction i am trying to stop today

[4148boome]

Hi All,

Attended court today, and first off got there early. Met with resident CAB Sol, and went over my proposal, He put me right on a few points and then introduced me to the Claimant's Paralegal.

I showed him my budget sheet and statement ( which was based on Ell-Enn's templates) He asked me to wait and he would call his clients to see if they agreed to a suspended possession.

He called me and said that they had agreed, and the appearance with the judge would now be a formality, which it was.

my thanks to all on this forum for their kind advice, couldnt have done it without you

regards

[Ell-enn]

Great news - well done!

[elzerbeth]

great news i also won today guess nram werent having a good day

[4148boome]

Hello Team,

 

I have reached my 'end of term' mortgage and have no resourses to pay of the interest outstanding on the loan.

I have been communicating with the mortgage company for quite a long time trying to get an 'extension' of 5 years when I will be in a better position to sell the property and settle outstanding.

They have been saying (NRAM) that they are not 'Lenders' any cannot help.

 

Then suddenly they have passed my account on to Heliodor Mortgages.

I thought that they might be more favourable to granting an extension, but without good reason they also are refusing an extension.

 

At this point may I add that I am not in arrears, in fact I actually pay approx £250 per month over the top of my contractual payments. The property is worth approx £475000. and the outstanding mortgage is £252000 .

 

I did have a county court possession hearing for 20th April 2020 but have now been informed that due to COVID-19 the matter has been 'adjourned generally with liberty to restore'

 

Obviously, there is equity in the property albeit the downturn in the market due to present circumstances, but my wife and I, who have lived in the house for over 30 years are reluctant to move at this time. 

 

OK now to the point after quite a long statement,

have I any grounds to request an extension to the loan,

ie keep paying the monthly amount for say, 5 more years.

 

I look forward to any expert opinion, or suggestions.

P.S. I have submitted the defence form to the court.

[Andyorch]

Topic moved to  Home Repossessions  Forum.

 

Regards

 

Andy

 

[dx100uk]

for sake of history, I've merged an old thread whereby you rebuffed a previous Repo too.

 

dx

 

[4148boome]

Yes DX that was after a period of un-employment and I cleared up all outstanding arrears from that particular time, and got on track with the overpayments, but as explained I have no arrears currently, and am thinking this just a request to the new mortgage people is a reasonable ask.   

 

 

 

 

 

 

[4148boome]

Hello Forum Members,

My Wife and I are at 'end of term' with Heliodor Mortgages (Northern Rock, NRAM, Heliodor) and have not been able to re-mortgage over the last 3 years.

 

We have now received a repossession order that was postponed as the 'pandemic' hit and courts were suspended. We have no arrears and have been paying extra until the recent interest rises, and now the monthly payments have increased from approx 900 to approx 14400.

 

We have asked for an extension of the loan but the Mortgage Co state that 'We are not a lender' . We actually wish to stay in our property. We have approx 50% equity in the property. (value approx 500k outstanding mortgage 250k) 

 

As we are at end of term have we any chance of not being repossessed ?

What kind of case/defence can I put forward ?

 

Looking forward to any comments.

Bests

Dave 

Edited February 26, 2023 by honeybee13
Paragraphs added for ease of reading. HB

[honeybee13]

Hi.

 

Could you tell us why you haven't been able to remortgage please?

 

Also, who is trying to repossess?

 

HB

[4148boome]

I havnt been able to re mortgage because of age (75) I am told deals for 'seniors' are improving

Heliodor Mortgages are the mortgage co that my NRAM load was sold on to.

thankyou for the response

[honeybee13]

I've moved your thread to our repossessions subforum and I'm flagging this for @Ell-ennto see if she can offer advice on your situation.

 

HB

[dx100uk]

i now this is old but i believe inc what want on during covid to its still applicable

 

FOS rulings tell lenders to extend interest-only terms indefinitely – Mortgage Strategy

WWW.MORTGAGESTRATEGY.CO.UK

---

The Financial Ombudsman Service has told mortgage lenders in at least two cases to extend interest-only terms indefinitely for older borrowers. The...

 

[4148boome]

Thanks for that dx100 uk

i will certainly use this.