Hello people
Can anyone please give me any advice or opinion on this ?
I wont go into the whole story, we will be here for hours !
Basically:
Redundant Debt Mega Debt Tried to sell house to clear it. No go. Finally managed to remortgage, dont have to sell !
It was touch and go - I was about to be made bankrupt. Thing is, I still may be and this is why.
In December 05, I approached a specialist broker who found me a mortgage product right away. I subscribed to my credit files online at this time to ensure that all my debt was accounted for in the new loan. I had a mortgage on the property and a secured loan. Secured lenders will not give you a settlement figure over the phone, only in writing.
I checked my credit files. The amount of the outstanding mortgage was around 58,000. When the redemption figure came into my solicitor, it too was around 58,000. Therefore both matched more or less exactly.
Upon enquiring with the secured loan lender, I was also told that they would be unable to provide figure over the phone. Fine I thought, my credit file matches my mortgage so why shouldn't it work out for the secured loan ? I worked from my credit file and submitted £31000 as the approx. redemption figure.
Me, being diligent, called the second mortgage lender again and asked could I use the figure on my credit file as a "ballpark" figure to which I was told yes.
My solicitor requested a final redemption statement from them on the
15th January, 17th January and when they ignored all of this, she called them on the 23rd January and told them to get their butts moving. This arrived in my letterbox this morning and on her desk this morning. I of course didn't get it till I came home from work at lunchtime, by which time solicitor had already sent the CHAPS payment, i.e. too late. The redemption statement informs me that the settlement figure arrived at is £34000, i.e 3 grand more than I was expecting.This has totally stuffed me up because it was semi-pointless remortgaging in the first place and leaves me with one creditor that will not budge on the figure I owe them.
I have written a lovely letter to the 2nd mortgage lender, politely informing them of the situation and how I was mis-informed. I have asked them to come to a mutually beneficial agreement on the settlement amount. My questions are:
- What are my chances of success do you think in getting some, if not all of the difference back ? (The lender was FirstPlus Financial - should I write to Carol Vorderman ??!?!?!)
- Should I play the card (I haven't yet,) about the fact that because of them not getting their act together when my solicitor asked them to on the 15th January that I had no time to query the redemption figure ?
- They cannot seem to tell me what the difference is between the figure on my credit file and the figure on their redemption statement. I can see an admin charge of £150 which is fine but that's all.
- Have I been "robbed" ?
I am so wound up. Today was supposed to be the start of my new life and it's turned into a disaster. Was thinking no more bailiffs, letters, phone calls, court letters.........I really WANT to pay my debts off and it's all gone down the bloody toilet.
Any suggestions........please ?
Thanks a lot.
Desperate. (Jamie)