Picture home loans

milligp
milligp Posts: 10 Forumite
First Post
edited 26 February at 6:17PM in Mortgages & endowments
Hi all

i I am trying to remortgage my home due to being unable to afford current payments but cannot proceed due to picture home loans not send discharge paperwork to land registry on completion of loan - this was paid off in 2007 and picture home loans no longer exist as far as I know so any help in getting this removed from my title deeds would certainly prevent me from losing my home and getting my mortgage passed as this is the only stumbling block 
thanks

paul
«1

Comments

  • silvercar
    silvercar Posts: 49,279 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    Does this thread help?

    https://forums.moneysavingexpert.com/discussion/5444491/picture-finance-in-administration
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • silvercar
    silvercar Posts: 49,279 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    I'll move this to the mortgage board.
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • milligp
    milligp Posts: 10 Forumite
    First Post
    Unfortunately my picture loan was paid off in 2007 which was before picture loans went out of business and other firms took over the live loans - I have contacted IDEM, paragon and all the rest but because they have no record of my loan they can’t help
  • milligp
    milligp Posts: 10 Forumite
    First Post
    Is there anything or anyone I can contact to try and remove this as I have proof it’s paid but nobody to sign discharge paperwork 
  • silvercar
    silvercar Posts: 49,279 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    Let’s see if @Land_Registry has any ideas.
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • Land_Registry
    Land_Registry Posts: 6,109 Organisation Representative
    Part of the Furniture 1,000 Posts Name Dropper
    edited 1 March at 8:30AM
    In such cases you may need to consider going to court to get a court to dismiss the legal charge - I assume it is a registered legal charge as you are referring to it as a mortgage
    But I believe your property is in Scotland so try Registers of Scotland for any guidance on their part
    “Official Company Representative
    I am the official company representative of Land Registry. MSE has given permission for me to post in response to queries about the company, so that I can help solve issues. You can see my name on the companies with permission to post list. I am not allowed to tout for business at all. If you believe I am please report it to forumteam@moneysavingexpert.com This does NOT imply any form of approval of my company or its products by MSE"
  • user1977
    user1977 Posts: 17,419 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    edited 1 March at 1:08PM
    Your solicitor should be helping as they'll have come across similar scenarios before.

    What's the exact name of the company holding the security? 
  • milligp
    milligp Posts: 10 Forumite
    First Post
    Picture home loans - they went out of business 2009 and other firms took on the loan book but as mine was paid off in 2007 there is no record of me being a customer- I have had 2 solicitors (1 who was a conveyancing solicitor for my remortgage) and another who couldn’t be arsed to be honest to put in the effort to help me. The discharge paperwork was drawn up ready but there is nobody to sign it - I have tried everything 
  • milligp
    milligp Posts: 10 Forumite
    First Post
    Thanks to everyone who has replied and tried to help me I really appreciate your help 

    paul
  • user1977
    user1977 Posts: 17,419 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    milligp said:
    Picture home loans 
    "Picture Home Loans Limited"? Or something else? What exactly does it say on the title? Do you have the company number? 
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.1K Banking & Borrowing
  • 252.8K Reduce Debt & Boost Income
  • 453.1K Spending & Discounts
  • 243.1K Work, Benefits & Business
  • 597.5K Mortgages, Homes & Bills
  • 176.5K Life & Family
  • 256.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture