Bank threatening to appoint L.P.A. receivers.

[fluffystuff]

Re: Bank threatening to appoint L.P.A. receivers.

The account was only ever used to pay the debt,the bank offered credit cards and overdrafts on the account, ..........

Forgive me but that's a rather confusing statement. An overdraft facility would not be offered against a loan account. Was there a current account at some point as well?

[Streetwise]

Re: Bank threatening to appoint L.P.A. receivers.

taking your partner's name off the agreement which apparently they don't have?

Not APPARENTLY,they aint got it.

[Streetwise]

Re: Bank threatening to appoint L.P.A. receivers.

But you said at post 90

"The Bank closed the account.The mortgage account, so as we could only pay into it.Banking facility withdrawn ."

So it appears it wasn't just a loan repayment account, it was more than that.

The account was only ever used to pay the debt,the bank offered credit cards and overdrafts on the account, but they didn't want them only wanted to pay the debt off.

They the bank only closed the account in August 2012 my late partner died in October 2010.

[Still Waving]

Re: Bank threatening to appoint L.P.A. receivers.

But you said at post 90

"The Bank closed the account.The mortgage account, so as we could only pay into it.Banking facility withdrawn ."

So it appears it wasn't just a loan repayment account, it was more than that.

[Streetwise]

Re: Bank threatening to appoint L.P.A. receivers.

Thanks. Just wanted to be certain, as I still can't see how they can just take your deceased other half's estate off the account when there is still a securitised asset against the loan, ie the house you are living in.

Me too,thanks.They Haven't taken it of its still a security against the loan.That is what its about how to stop L.P.A. receivers.

[Still Waving]

Re: Bank threatening to appoint L.P.A. receivers.

Re payment off loan account.

Thanks. Just wanted to be certain, as I still can't see how they can just take your deceased other half's estate off the account when there is still a securitised asset against the loan, ie the house you are living in.

[Streetwise]

Re: Bank threatening to appoint L.P.A. receivers.

No MrsD, I believe the loan is with the bank, payments against it come from a building society account elsewhere. is that correct Streetwise?

Yes,Mrs D see post 90.

[fluffystuff]

Re: Bank threatening to appoint L.P.A. receivers.

so is it a current account that they take the money out of by direct debit?

No MrsD, I believe the loan is with the bank, payments against it come from a building society account elsewhere. is that correct Streetwise?

[MrsD]

Re: Bank threatening to appoint L.P.A. receivers.

so is it a current account that they take the money out of by direct debit?

[Streetwise]

Re: Bank threatening to appoint L.P.A. receivers.

Loan account - see posts #31,89,100.

Thanks thought I was on another planet.

[Streetwise]

Re: Bank threatening to appoint L.P.A. receivers.

Sorry, can you clarify the nature of this bank account?

Re payment off loan account.

[fluffystuff]

Re: Bank threatening to appoint L.P.A. receivers.

Sorry, can you clarify the nature of this bank account?

Loan account - see posts #31,89,100.

[Still Waving]

Re: Bank threatening to appoint L.P.A. receivers.

They didn't take my late partners off the contract that they don't have only off the bank account.Hope that clears that up.And no it was not mentioned in the S.A.R.

Regards Streetwise.

Sorry, can you clarify the nature of this bank account?

[Streetwise]

Re: Bank threatening to appoint L.P.A. receivers.

taking your partner's name off the agreement which apparently they don't have?

They didn't take my late partners name of the contract that they don't have, only off the bank account.Hope that clears that up.And no it was not mentioned in the S.A.R.

Regards Streetwise.

[Paul.]

Re: Bank threatening to appoint L.P.A. receivers.

Ok, being as it's out now you may as well know! Yes Paul is leaving Watsons, in the next week or so. He will still be around, as will the staff from Watsons albeit Watsons is closing it's doors as it's current incarnation (as I understand things).

At the moment too many details are sketchy so as streetwise has said, when Paul is setup he'll then be able to instruct him. Right now that's not dooable I suppose what with what is going on.

No reason for panic or alarm, things will continue as they have always done.

Just to reiterate what Niddys said. Im still here, i cannot take on new work for the next week but once i get moved over then i will do and will be able to look at cases on their merits and on a case by case basis as i do at the minute.

I will be making a full announcment shortly to tell people where i am going etc