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Jamie-Law
Jamie-Law, Solicitor
Category: Law
Satisfied Customers: 4083
Experience:  Solicitor
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I defaulted on my bank loans 6 years ago but have never

Resolved Question:

I defaulted on my bank loans 6 years ago but have never defaulted since can a uk bank foreclose or call up the debt and force me to leave the bank..
Submitted: 10 months ago.
Category: Law
Expert:  Jamie-Law replied 10 months ago.

Hello my name is ***** ***** I will help you.

Was ty old debt secured?

Customer: replied 10 months ago.
Hi my debt covers many varied bank loans secured by property values LTV etc..I defaulted with some loans just prior to the property crash 2009/10 and was transfered from a local branch to a restructuring bank..
Since then I havent missed any payments at all but just wanted to know what legaly a bank could do after 6 plus years as I have tried to re-finance ( which is still a possibility ) but time consuming and the bank are putting me under pressure ..?
So thats my situation if you can help great if not I thank you for your time...
David
Expert:  Jamie-Law replied 10 months ago.

if it's secured then yes the bank can call the charge in.

They can apply for an order for sale on the property.

If the debt is not secured then no, they can't call it in.

So it really depends on your situation.

Can I clairfy anything for you about this today please?

Customer: replied 10 months ago.
Is their anything under the limitations act that would prevent them from doing that after 6 years..?
Expert:  Jamie-Law replied 10 months ago.

if secured no. There is no expiry

Does that clairfy?

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