however the ombudsman has deliberated that I am entitled to repay the loan at x amount of months and at 0%.
Woolwich tried to cancel it with all sort of clauses which I managed to negotiate away.
However if I sign a charge then all it states is that I owe an x amount to the Lender but there are no terms.
So how is it possible to make the Terms and conditions that I managed to negotiate stick and be linked to the charge that I am required to sign?
15.000 i.e. 15k approx
So the document indebtedness will hold all the terms and condition of the loan?
If so how is that formalized and cast in stone with all the terms?
Thanks for your response,
the solicitor is absolutely giving ultimatums that they will go to court if I do not sign the charge.
I am already paying the debt as per agreed monthly amount as soon as the Deliberation of the ombudsman was given. Sep 2012. (or something like that) I have not defaulted or had irregular date payments as it is a standing order.
I have been trying to get this Solicitor understand that the indebtedness must be protected as well. As I tried to explain to him that he had already stated that if I missed just one payment then the indebtedness would have 8% interest applied to the whole amount for the length of the term.
and would immediately go to court for a default. I had negotiated that if I miss a payment of no fault of ay own but a bank technical problem then I am not at fault.
also have said that if I miss a payment then I may be in agreement in paying 8% interest on the monthly amount only and the indebtedness will still be at 0% less a month (or months that I missed)
all agreed in a letter and as described before a few other terms.
they did indeed agree to pay towards a solicitor but only to cover the signature of the charge and have promised only £250.
I had a solicitor which I used before but said that £700 may cover the costs and that was only for the charge as he could not see the terms and conditions described by the Ombudsman. But the ombudsman declaration clearly states that the indebtedness (loan) must be at 0% and at my choice of number of monthly payments.
So because some times it has been difficult to understand each other and I have several other Legal issues to deal with currently I had asked for my money back as I will try to seek other assistance.
He has been nice at least not to charge me the time to see the documents.
So At the moment I am stuck in explaining what is required form my solicitor.
So as per our conversation I have created an E-mail that states this:
Thanks, regarding my previous reply I am not asking to correct the wordings or do a letter for me for the general work request from solicitors
I am asking if the wordings are correct to request work from a solicitor from the said issue. As discussed before a previous solicitor could not understand what I was asking. Hopgully I would be able to have from you a kind response whether the letter for engaging solicitors work meets the criteria of:
describing the issue yes/no
Describing the request for work yes/no
And to reply to your kind last response:
yes I am legally required to put a charge on the property.
But the lender is legally required to keep the loan at x months for 0% (where I do not see any documentation prepared for it)
Some how solicitors a failing to understand the two different steps required
Of course the Banks's solicitors are only interested in the charge.
I need to protect my interests