NRAM Together Loan - Charging Order

[ConsumerMark]

Hello All,

 

I have an NRAM mortgage and together loan.

 

I am planning to sell up due to ill health. I have enough equity in the house to payoff the loan.

 

The only problem is that I have a charging order from an old debt which became a ccj that i could not pay, it is valued just over £5000 and would leave me short of covering the loan.

 

I am a little confused as to how this will work, I was hoping that the together loan was secured on the property as that would have enabled me to pay it off first.

[dx100uk]

that's that cap1 charging order that the bailiff turned up upon

so you never got it sorted then?

 

 

as for NRAM

have you kept up with all the payments on both?

 

 

if you've ever had issues I bet there are £1000's to be reclaimed in arrears/penalty fees and any stupid insrances they made tyou take out?

[ConsumerMark]

Long story short,

but the cap1 was set aside and I managed to make them a reduced offer for settlement before it went back to court.

 

I have always managed to keep up payments to nram on time, most of my other debts have been cleared, a few are over 6 years old and havent been chased. Im not sure I had any insurances or charges with nram.

 

This ccj and charging order actually relates to another card from hsbc,

one of many that i had.

 

They confirmed in writing that they didnt have any paperwork or agreements but this hasnt prevented them getting a charging order which i have only discovered at the point of selling.

 

I am guessing it is too late to go for a set aside now,

my last correspondence was a few weeks after the ccj offering to pay a reduced full and final settlement or a token monthly payment.

 

My wife seems to recall that she did receive something from the land registry but we arent able to locate it right now (will venture into the loft later).

 

Is it worth contacting the creditor and offering a reduced payment in exchange for lifting the CO?

 

NRam still have 'first dibs' on the house and if I was to stop paying my mortgage?

[dx100uk]

Was it HSBC that got the CCJ / CO?

And when?

 

Get an sar going to nram asap

I bet there is stuff to reclaim

Never known one where there is not

[Ford]

prob too late re a set aside, seeing as you offered a settlement/payment rather than then going for a set aside. you shld've applied for a court instalment order, or a set aside at the time. never know though.

 

plus, when they went for a CO the court wld have notified you.

 

 

so, you cld've made some representations then.

 

 

(a CO usually follows a ccj, so you wld have had the subsequent correspondence given that a few weeks after the ccj you made an offer)