adrian77
Member of DD Central
Posts: 3,895
Likes: 4,122
|
Post by adrian77 on Jan 12, 2022 14:44:41 GMT
Is that it - "I don't agree with the landing (changed to lending) charges" what a concise highly technical and well researched legal defence I don't think! These loans were OK when he took the contract but funnily enough they aren't when he has to repay the money
If these claims of a "commission" being paid are true then I don't see why this should hold up the sale - OK we may have to wait when it is decided if the original contract was valid or not but hopefully we should get our capital back if nothing else IF it sells to cover the first charge plus more than the FS loan
This one is now 4 years late - 4 years! Here is what AJ correctly wrote in Sept 2018
well why the hell are we still waiting...
|
|
iRobot
Member of DD Central
Posts: 1,657
Likes: 2,450
|
Post by iRobot on Jan 12, 2022 15:07:55 GMT
If these claims of a "commission" being paid are true then I don't see why this should hold up the sale - OK we may have to wait when it is decided if the original contract was valid or not but hopefully we should get our capital back if nothing else IF it sells to cover the first charge plus more than the FS loan As reported upthread: Here is what AJ correctly wrote in Sept 2018 well why the hell are we still waiting... Also reported upthread: Not long to wait for those that are in this loan to hear if that payment has been made.
|
|
Mousey
Member of DD Central
Posts: 1,569
Likes: 6,558
|
Post by Mousey on Jan 13, 2022 10:07:09 GMT
Is that it - "I don't agree with the landing (changed to lending) charges" what a concise highly technical and well researched legal defence I don't think! Well there's a entire defence and counterclaim, I just screenshotted that section as I found it quite amusing. There's another aspect to this case beyond the commission which concerns an offer to settle made by Raj shortly before administration. I've added this to the list to write-up but I seem to have picked up a bit of a back log.
|
|
adrian77
Member of DD Central
Posts: 3,895
Likes: 4,122
|
Post by adrian77 on Jan 13, 2022 10:14:13 GMT
How interesting - can't wait for the update on this one!
|
|
|
Post by lostinspace on Jan 26, 2023 11:15:49 GMT
Loan amount £503k Settlement amount £677k Dispursement amount either £310 or £436 (2 columns to confuse us!)
Legal fees £75k!!
|
|
rogerthat
Member of DD Central
Posts: 2,048
Likes: 1,994
|
Post by rogerthat on May 30, 2023 21:55:42 GMT
Loan amount £503k Settlement amount £677k Dispursement amount either £310 or £436 (2 columns to confuse us!) Legal fees £75k!! I wonder if that Settlement Amount included the interest payments made by the borrower on more than one occasion. Ive asked the same question on Whatsapp FSAG
|
|