Reliance Property Loans

[peebeeh]

Hi,

Does anyone know anything about Reliance Property Loans?

 

They apparently have taken over my debt with Ocean Money.

 

Some years ago in a moment of weekness I borrowed from Ocean, secured against a property.

 

The current balance is about £10,000 and the loan interest rate is 10.428%

 

The payments are far too much for me but I am about to receive the tax free cash part of my pension as I have just reached the qualifying age.

 

I would like to discharge this debt as I would have no hope of making the approx £300 monthly instalments now that I have retired.

 

Is Reliance a DCA?

 

Am I likely to be able to negotiate a settlement figure?

 

Any advice would be most welcome please

[renegadeimp]

How long ago was this? When did you last make a payment or written acknowledgement? Did you have PPI on it?

 

Get the FULL facts before you start negotiating a settlement figure. That way you'll know you arent being taken for a ride.

[fkofilee]

Agree here... Establish facts...

Why not CCA them for a quid?

 

Or SAR them for a tenner

This way you can see if any PPI is due on this one.

[peebeeh]

There is certainly no PPI here.

 

Loan taken out 2007 (10 year term) - monthly payments are up to date.

 

Are Reliance likely to have taken over the debt at a discount?

Are they a DCA?

[dx100uk]

reliance are mortgage buyers

they buy up olddefunct firms books

 

there are few of them we see here

 

often they are not very 'freindly' regarding being fair to the comsumer.

 

get all the facts

 

we need to see what has been going on with the loan.

 

dx

[peebeeh]

reliance are mortgage buyers

they buy up olddefunct firms books

 

there are few of them we see here

 

often they are not very 'freindly' regarding being fair to the comsumer.

 

get all the facts

 

we need to see what has been going on with the loan.

 

dx

 

 

Hello dx

Thanks for looking in on this.

What sort of facts are we looking for here?

I have all the paperwork/statements for the whole duration of the loan.

The payments are up to date - last one was last week.

I have been late a small number of times - charged £35 on each occasion.

The original loan although Ocean Money was on Marlborough Loans Limited headed paperwork.

 

I hope this is helpful so far.

[dx100uk]

that's funny

 

Marlborough Loans Limited are still going

 

why did it get sold to a mortgage buyer I wonder?

 

dx

[dx100uk]

Hello dx

Thanks for looking in on this.

What sort of facts are we looking for here?

I have all the paperwork/statements for the whole duration of the loan.

The payments are up to date - last one was last week.

I have been late a small number of times - charged £35 on each occasion.

The original loan although Ocean Money was on Marlborough Loans Limited headed paperwork.

 

I hope this is helpful so far.

 

any chance you could post up the original agreement please?

 

set your default scan page size to A4 less than 300DPI [150 will do]

scan the required letters/agreements/sheets - as a picture[jpg] file

don't forget you can use a mobile phone or a digital camera too!!

'

BUT......

ENSURE: remove all pers info inc. barcodes etc using paint program

but leave all monetary figures and dates.

*********************************************************

{DO NOT USE A BIRO OR PEN OR USE SEE THRU TAPE OR LABELS]

try www.pdfescape.com TO BLANK STUFF,

*************************************************************

or

DO IT IN MSPAINT.EXE or any photo editing program

goto one of the many free online pdf converter websites ...

http://freejpgtopdf.com/

..

if you have multiple scans/pics

put them in a word doc FIRST and convert that to PDF

or use www.pdfmerge.com

 

convert existing PC files to PDF [office has an installable print to PDF option]

..

 

it would be better to upload a multipage pdf if

you have many images too rather than many single pdfs

.

or if you have PDF as an installed printer drive use that

or use word and save as pdf

try and logically name your file so people know what it is.

though dont use full bank names or CAG in the title

i'e Default notice dd-mm-yyyy TSB

.

open a new msg box here

hit go advanced below the msg box

hit manage attachments below that box

hit the add files button on the top right

hit select files, navigate to your file on your pc

hit upload files

.

dx

[peebeeh]

I have looked out the relevant documents and will get them posted up as soon as I can - I am currently indisposed, confined to one room, with broken leg and spinal fracture, so unable to access scanner etc. Expecting more freedom soon!

[dx100uk]

ah that'll explain itthen!

 

take it easy

 

gotta admit though perfect time to catch up on admin:lol:

 

dx

[peebeeh]

At last - I am partially mobile and can hobble to my office.

 

 

dx - I am posting up the original loan agreement in pdf format - hope I succeed with this ok

Edited November 13, 2013 by peebeeh
typo!

[dx100uk]

ok nothing untoward there

 

can you let me have all the statements too?

 

just looking at angles for you.

 

still cant workout why this was sold on

 

dx

[peebeeh]

I have posted up all of the statements which are complete up to end March'13

Also the redemption statement which I requested from them early August

[dx100uk]

have a look later but something's gone on there.

 

dx

[peebeeh]

Hi dx

I invested £3 in a land registry report and I am posting up extracts from it.

I suspect that it is all in order and that they would wish to rely on any charge?

 

 

(Reliance Property Loans is a trading name of OneSavings Bank plc)

Edited November 15, 2013 by peebeeh
add info

[dx100uk]

i was hoping the statements were wrong

 

sadly not,

they just added the interest on the first anniversary on page 2.

 

dx

[peebeeh]

Thanks for checking that out.

 

 

What would be your advice - do I have any negotiating position at all?

[dx100uk]

its int to see the charge is reg'd at reliance house urmm..

reliance finance too...

 

 

something funny going on with this changing of name all the time.

 

 

cant see exactly what you can do here.

 

 

it all appears above board.

 

 

dx

[peebeeh]

It does all appear above board - my gut feeling is that I should discharge this debt (while I am in the unusual position of being able to).

 

 

I have various other issues that I need to resolve including some credit cards. Given my current situation I may be better to turn my energy to these?

[dx100uk]

p'haps a good idea.

 

 

offer them 75% see what they say.

 

 

dx

[renegadeimp]

I'd go less than 50 first. Give you more room to negotiate.

[peebeeh]

Hi dx - Happy New Year - yes, it's that long that I have been banging my head against the Reliance 'brick wall'. Essentially, I did not get anywhere at all and ended up agreeing to pay off the max that I could from my pension tax free cash and agreeing a very low repayment of the remaining approx£1000. They would accept no discount whatsoever.

 

I did try!