Has my sister been badly advised by Barclays and her solicitor?

VIGILANT22

Ditch_Crawler wrote: »

I'm sorry to keep on about this!


The whole point of a binding contract, is that nobody can change the terms unless the contract is violated in some way.

Ditch

How binding did you consider your contract with your lender?


http://forums.moneysavingexpert.com/showthread.html?t=2391519&page=2

102
Thanked 28 Times in 20 Posts

Quote:
Originally Posted by Dan_1976
Chances are you will not be able to sell due to the shortfall
I am pleased that most posters on this thread do not totally rule out the possibility of negotiating with the lenders about repayment of the shortfall.

I am currently financially sound, and meeting all my commitments quite easily, but all that will change in the middle of next year when my main contract comes to an end, and it is likely that I will be unable to carry on with the mortgage. At the moment I am in a negative equity situation, but who knows what will happen by mid-2011.

My plan is to put the house on the market in early 2011, and contact the lenders to inform them of the situation. I would like to think that they might be willing to at least dicuss some contingency arrangements to use in the event that I am unable to sell the house without incurring a shortfall.

Ditch.

Ditch_Crawler

I apologise again for the increasingly strange behaviour of my stalker, vigi22

Ditch.

VIGILANT22

You have no need to apologise on my behalf...however instead of making yourself look like what you have done thru out this post (Do you now undertsand debt consolidation??)....


How do you have the audacity to challenge this post throughout....when at yr own admission you are over committed!!??



http://forums.moneysavingexpert.com/showthread.html?t=2391519&page=2
Ditch Crawler…….I am pleased that most posters on this thread do not totally rule out the possibility of negotiating with the lenders about repayment of the shortfall.

I am currently financially sound, and meeting all my commitments quite easily, but all that will change in the middle of next year when my main contract comes to an end, and it is likely that I will be unable to carry on with the mortgage. At the moment I am in a negative equity situation, but who knows what will happen by mid-2011.

My plan is to put the house on the market in early 2011, and contact the lenders to inform them of the situation. I would like to think that they might be willing to at least dicuss some contingency arrangements to use in the event that I am unable to sell the house without incurring a shortfall.

Ditch.

SavemeLord

Ditch_Crawler wrote: »

I'm sorry to keep on about this!

You begin your post with the above statement, and then go on to emphasise how unpredictable the future is. But you cannot have it both ways!

The whole point of a binding contract, is that nobody can change the terms unless the contract is violated in some way.

I would not like to be around when Woolwich decides to do a sweep of all their customers who failed to comply with the 30 day condition, and then bumps up their interest rate to compensate themselves for the fact that they have suddenly found out that those customers are a greater risk than originally calculated.

Please don't say that it will never happen, because you don't know. That is precisely the sort of thing that banks do.

There is a big difference between accepting a condition and then choosing not to comply, and accepting a condition with which both you and the bank know you are unable to comply. All my comments have been intended to address the second of those two situations.

Ditch

Thnx ditch nice post! Ive been follwoing this bcos im about to sign up with woolich, but maybe i wont now. i mite call the adviser 2mow. Cheers

VIGILANT22

[QUOTE=SavemeLord;

If you think someone who is ducking out of responsibility of NegE is a good source..well maybe explains how this is yr 1st post.............:rotfl:

Afro_Thunder

Ditch_Crawler wrote: »

I'm sorry to keep on about this!

You begin your post with the above statement, and then go on to emphasise how unpredictable the future is. But you cannot have it both ways!

The whole point of a binding contract, is that nobody can change the terms unless the contract is violated in some way.

I would not like to be around when Woolwich decides to do a sweep of all their customers who failed to comply with the 30 day condition, and then bumps up their interest rate to compensate themselves for the fact that they have suddenly found out that those customers are a greater risk than originally calculated.

Please don't say that it will never happen, because you don't know. That is precisely the sort of thing that banks do.

There is a big difference between accepting a condition and then choosing not to comply, and accepting a condition with which both you and the bank know you are unable to comply. All my comments have been intended to address the second of those two situations.

Ditch

*facepalm*

Afro_Thunder

SavemeLord wrote: »

Thnx ditch nice post! Ive been follwoing this bcos im about to sign up with woolich, but maybe i wont now. i mite call the adviser 2mow. Cheers

Ditch, you make me laugh :rotfl::rotfl::rotfl::rotfl:

VIGILANT22

DESPERATE........says it for me...........

_Andy_

SavemeLord wrote: »

Thnx ditch nice post! Ive been follwoing this bcos im about to sign up with woolich, but maybe i wont now. i mite call the adviser 2mow. Cheers

When is the text-speak-to-English application being installed on this forum?

VIGILANT22

I swear that Ditch is cuckoo.....look at some of his posts...where the hell he gets his thots from beats me....so it is no surprise ha also posts like this...self praise (shame)