Court action

[jripley]

Thank you David for your intervention. Belonging to this Forum has been invaluable. Following discussion with my fund manager, I have been assurred that managers from Kensington are trying to establish with Nat West what's happened here. But as you can see from the time,another sleepless night
Some lessons learnt from this though, for others. Do not get a false sense of security, that others are taking over all the work and worry -- and keep copies of everything.( although I thought that I had done). It is such a relief ( I'm sure that lots of others have felt similarly)when the plan kicks in and someome else takes charge. The natural reaction is to let them 'manage'
No one can find any paperwork re my problem. I have a loan and an overdraft with the bank. There is confirmation that the bank have agreed the plan re overdraft but apparently not the loan payment plan. No paperwork -but surely two separte monthly payments is evidence. Following the token payment in the initial stages a plan was set up with the bank for one amount to the O/D and a larger amount to the Loan. For two months these have been paid on my behalf. One would assume ,as I did,that this was an agreement.I am now informed that this is not.The fact that they have accepted payments does not constitute an aggreement-- so what was the point of the exercise! I have been told that the likely outcome is either a charging order ( but I have almost no equity and in this climate cannot sell anyway) or a Tomlin order to guarantee payment. I am now pretty weary with it all and am tempted to just 'let things happen.'
I wish that you could just 'hand the keys' backand get the full amount of the house and clear eveything.