Alex Watts : Hello my name is ***** ***** I will help you with this. Please note that I am a working Solicitor and may be on and offline as I have to attend Court and meet with clients, even at weekends. As such you may not get an instant response when you reply, but rest assured I will be giving your question my immediate attention upon return You do not need to wait here as you will get an email when I reply.
Alex Watts : Have you signed a contract and what does it say about termination?
Apparently it says that if we opt out we must inform by some date in March and anytime afterwards we need to pay a semester fee. We bought the house only on 27/06/2014 so until then we are not sure whether we will move out or not and even if we move we were planning to move nearby to school. Unfortunately the old house was not selling so we did a part exchange to slightly farthest and expensive place.
Alex Watts : Legally if you have signed a contract you are bound by it.
Alex Watts : that contract sets out each parties rights and obligations
Alex Watts : If you can't pay they can't make you. They could try and get a county court judgment but if you have no money there would be no point.
Alex Watts : They can only charge interest if the contract allows it, even if it went to court a judge is likely only to award 2-3%
Alex Watts : I would see if you can terminate and then arrange a repayment plan, that would suit everyone
Alex Watts : Can I clarify anything for you about this today please?
I understand that it saves a hassle. But my point is I am paying a semester advance fee for next year and giving interest on it. If I go to court and do not opt for any solicitor do I have to pay court expenses ? If the judge decides for paying interest i will be at no loss anyway coz I am doing that now. But I am sure the school has to pay to put a case against me and at least then they can get me a better deal. Please clarify
Alex Watts : You only pay the court fees if you lose.
Alex Watts : If you signed a contract you are bound.
Alex Watts : Does that claiify?