British Credit Trust - Charging Order on Home

[OLIVE.FAMILY]

Sorry it's been a while....trying to sort Mortgage issues.

I have statements from BCT. It appears the way they work is the starting balance is balance borrowed plus the interest for the term of the loan...hence why it appears to have doubled. They have added around £400 worth of charges to this.

 

I am a tad confused though....we have a letter from Land Registry about a charging order they obtained but within the mortgage paper work they have asked for info on us in case they want to go for a charging order...would this mean in case they decide to actually use the charging order.

 

Also we had a letter asking us to make an offer for full and final settlement. Since that letter we have had DCA's chasing us for the debt.....slightly confused

 

Xx

[dx100uk]

urm... a reduced settlement offer huh.

 

did you get the sar done?

 

dx

[OLIVE.FAMILY]

Well i am thinking I must of done it ages ago as I have found a full statement including charges...only 2 pages long. Found the Land a registry paper work and I already have a copy of the credit agreement. Which actually states we borrowed the money for paving....we actually borrowed it for Protecacoat

 

Do you think else is missing then ?

 

Xx

[OLIVE.FAMILY]

I am assuming that they have realised it's not worth going for the charging order.

 

I am wanting to get this all in a position that hopefully I can offer settlements. Within our FSCS complaint we have we have included amounts to offer settlements with various debts this being one of them.. Basically we said that had we not of been sold a bad mortgage then we would not be in the financial mess we are in. So therefore in order to put things right we want some money to clear these

 

Xx

[dx100uk]

ah yes just re read the story.

the 2009 posts are [were] most useful too you.

but you've let them get the CCJ and the CO>

 

not a lot you can do about that unenforceable agreement now.

they've railroaded you.

 

protectacoat

 

25% PVA glue the rest is water.

 

dx

[dx100uk]

who owns the debt now?

 

you don't have to tell them you are selling the house

 

or do they already know?

[OLIVE.FAMILY]

Can't remember ...will find the letter. Not going to tell them that we are selling but if they have a co they will find out. The way it stands currently we have no equity but,....if all goes to plan and we get out charges back from Kenny's (taking that to court) and IF the we win our case we will have it.

 

Now I have just sounded that out it doesn't matter either way really does. No equity they don't get there money by way of c/o ....if we win our cases then we offer settlements?

 

Xx

[dx100uk]

who's name is against the CO?

 

dx