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Second charge registered
Good morning. I had a second charge registered against my property in 2008 in favour of Egg Finance. I'm trying to sell but cannot get a settlement/ redemption figure. The debt has been sold several times and is now with Cabot but they cannot locate the account. I'm now in danger of losing my buyer. I understsnd that the Land Registry must be cleared before sale but what if this account can never be located and what is an acceptable time frame to wait for it to be resolved? Any advice would be greatly appreciated
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I know Barclays and Yorkshire Building Society took over Egg accounts maybe worth checking with them, when my mum died there was an historic (50 year old ) charge on her house, took a bit of work but nationwide who had taken over from their original lender managed to find and remove it good luck1
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You can also ask the Land registry rep for advice on the "charging order the myth" thread on the DFW forum.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter1
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Hi, agree with Stodd101 above. You may be able to get some info from Barclays or Yorkshire Building Soc.
Those deals only happened about 11 or 12 years ago so there should be some records still available?
Worth a try, maybe.Please note - taken from the Forum Rules and amended for my own personal use (with thanks) : It is up to you to investigate, check, double-check and check yet again before you make any decisions or take any action based on any information you glean from any of my posts. Although I do carry out careful research before posting and never intend to mislead or supply out-of-date or incorrect information, please do not rely 100% on what you are reading. Verify everything in order to protect yourself as you are responsible for any action you consequently take.1 -
Hi all, thank you so much for responding. I've tried Barclays - no joy. I didn't realise Yorkshire or Nationwide were ever involved so that might be worth a try? I've contacted the Land Registry and they said that they only have the same information that's shown on the printed version, so basically the original debt holder and the claim number. I found the thread, thankyou. I have emailed my solicitor the information. Very interesting, particularly as the mortgage is in joint names but the debt was not, so fingers crossed
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Nationwide have nothing to do with Egg legacy accounts.
Credit card back book was sold off to Barclaycard.
Mortgages and loans were sold off to Yorkshire Building Society.
Which debt vehicle produced the charging order?Life isn't about the number of breaths we take, but the moments that take our breath away. Like choking....0
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