Log Book Loans have taken our van, but we've never heard of them!

mr_ch1ps

if the vehicle keys are not made available then the bailiff/repossession agent can take reasonable steps to take possession of the clients assett, ie smash the car window to release the handbrake, or use bolt cutters to gain access to garages, if the vehicle keys are sighted in a window of a house then the agent can smash the house window to get the vehicle keys!!

Caroline73_2

mr_ch1ps wrote: »

if the vehicle keys are not made available then the bailiff/repossession agent can take reasonable steps to take possession of the clients assett, ie smash the car window to release the handbrake, or use bolt cutters to gain access to garages, if the vehicle keys are sighted in a window of a house then the agent can smash the house window to get the vehicle keys!!

Hello newbie - is there some legislation you could show to prove this? I doubt a bailiff is allowed to break the window of a house to get car keys, that may or may not belong to the car in question, in order to repossess a car.

sillystudent_2

saver6 wrote: »

But even the copper told me last night that a full HPI check might not come back with this type of finance listed as the type of company is so dodgy. Still, lessons learned and all that.

True - however if you had done a full HPI check, logbook loans probably wouldn't have been able to take it from you. This is because the law protects "bona fide" (i.e. genuine) purchasers who take all reasonable steps to ascertain that the goods they are buying actually belong to the seller. In this case, it simply would've been bad luck for logbook loans, they would have had to take the hit. The law does this precisely so that an innocent buyer who's done all the proper checks won't get stung by people like logbook (who may not show up on HPI) as that would be grossly unfair.

Sorry, know this isn't that helpful but like you said, a good (albeit expensive) lesson for the future

(p.s. although I'm a medical student, did A-level law and dad's a solicitor, so know a reasonable bit about this sort of stuff!)

ukste78

in december i spotted a car up for sale.

I visited the car inspected it and got a txt check done as advertised on tv
I bough the car after getting all documents from lady buyer.

I then insured the car and thought all was ok.....in early feb I sold it
on as I got a new job with company van.

feb 20th I get a letter from logbook loans saying they have been informed I have their car. the ford I dont own anymore.

they want me to ring them and hand over car or pay them to release the interest in the car.


Does anyone know what I should do as I dont have it anymore and dont need greif of scamming loan sharks knocking on my door.

confused90

mr_ch1ps wrote: »

if the vehicle keys are not made available then the bailiff/repossession agent can take reasonable steps to take possession of the clients assett, ie smash the car window to release the handbrake, or use bolt cutters to gain access to garages, if the vehicle keys are sighted in a window of a house then the agent can smash the house window to get the vehicle keys!!

Total rubbish, these type of repossessions are not court authourised, all the high court registered bill of sale does is give them official legal right of ownership not a warrant to repossess the vehicle.

the repossession takes place on the basis of if i own a vehicle and someone parks it on a street and i think that they should not be in possession of my vehicle or i wish to claim it back i have the legal right as owner of the vehicle to break into it, it's mine so if i want to smash the window and take it away i can, equally if i want to send my mate "knuckles the knob head" to break into it for me and bring it to me he can do so because i told him he could smash my vehicles window and as owner thats might right.

However neither me as owner or "knuckles" would be allowed to break into someones home because we "suspect" that the keys to our vehicle are inside, thats still breaking and entering, we couldn't wrestle the keys from someone in the street, thats still assualt nor could we cause a distrurbance or act in any way likely to cause another person alarm, distress or fear of harrassment, thats still a public order offence.

These are private, i.e. non court authourised bailiffs and they can not break into peoples homes/property.

confused90

ukste78 wrote: »

in december i spotted a car up for sale.

I visited the car inspected it and got a txt check done as advertised on tv
I bough the car after getting all documents from lady buyer.

I then insured the car and thought all was ok.....in early feb I sold it
on as I got a new job with company van.

feb 20th I get a letter from logbook loans saying they have been informed I have their car. the ford I dont own anymore.

they want me to ring them and hand over car or pay them to release the interest in the car.


Does anyone know what I should do as I dont have it anymore and dont need greif of scamming loan sharks knocking on my door.

i wouldn't worry you no longer have the vehicle and at the time of sale you had no reason to suspect that you were not the rightful, legal owner of the vehicle and therefore can not be accused of any fraudulent activity nor are you liable for the other guys loan.

Just write back to lbl saying "sorry, sold it on (enter date)".

It's someone elses problem now and any wrong doing is down to the guy who took out the loan and sold the vehicle.

dasilva_2

sillystudent wrote: »

True - however if you had done a full HPI check, logbook loans probably wouldn't have been able to take it from you.

This isn't true either.
Because Log Book Loans use a bill of sale loan they have no obligation to register their ownership with HPI.
HPI is generally used to register a financial interest (ie loan) in a vehicle along with any details of relevant insurannce claims.
HPI is actually a bit of a fraud because they make you believe if you spend the £25 (or whatever it is) the transaction is safe. HPI only relies on information given to them. There is no legal obligation for anyone to give them that information and secondly if their information is incorrect you just try getting them to compensate you.

ukste78

if i boght the car in good faith. its taxed insured log book was listed with dvla as required.

then the car was written off in a smash.....would the money go to the log book owner or the log book loan company?

if the log book loan company would get the cash, is my insurance valid?
or could i be in trouble with polioce?


just would like to know all this cos its very crazy wot went on.

tripled

mr_ch1ps wrote: »

This could of been avoided if you would of spent £24.99 on a Hpi check, that would of told you about lbl having legal title ship, and of course the loan agreement is subject to bill of sale, not a lot an "innocent purchaser" can do there im afraid!!

Way to resurrect a 9 month old thread...

ukste78

if i have bought a car and it ends up log book loans claim a man in 2008 had signed up for one of thier jarg loans, but then sold the car on.
to a lady then she sells it to me.

i want to know how have they got my details about the car?
dvla? insurance?

if the car has been written off would the insurance not pay me out as they claim to be the owners when i have got the log book?
and if this happens do they make my insurance invalid?
then open to police for prosecution?

This is very messed up and I just want to know the rules.