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Jo C.
Jo C., Barrister
Category: Law
Satisfied Customers: 71054
Experience:  Over 5 years in practice
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I owe barclays bank 13.5k ~they have a charge on my property

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i owe barclays bank 13.5k ~they have a charge on my property for that amount.Im not in a position to pay as I'm presently a student. They are threatening to re possess my house.
Would a court allow this for 13.5 k
Thank you for your question. My name is ***** ***** I will try to help with this.
What arrangements are you making to pay?
Customer: replied 2 years ago.
non at present
That is a problem.
How long has it been since payment?
How much equity is in your house?
Customer: replied 2 years ago.
The bank closed shop on me July 2012 I stopped paying from then on. It was a business overdraft i i didn't have any business
probably 200k equity in my house
Customer: replied 2 years ago.
are you still there?
I am really sorry but there is a significant risk of an order for sale.
Orders for sale are rare. Your house is the place in which you live so it is hard for courts to make an order to deprive you of it.
However, it does happen on occasions but only really to people who are just not paying CCJs and have not been for a while.
A charging order already exists so all they are trying to do is enforce. I am really sorry but if you haven’t been paying since 2012 and there is £200k equity in your house then there is a real risk this will happen.
You might be able to delay it if you try to remortgage to release the funds.
Can I clarify anything for you?
Customer: replied 2 years ago.
i will try and sort tomorrow ~ thanks for you assistance
No problem and all the best.
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Customer: replied 2 years ago.
I hope your not going to keep taking money from my account as I thought your charge was a one off payment of £38.I didn't want ongoing membership with ongoing payments .... Please can you clarify!!Richard Pedley.
You will need to email customer services about that on***@******.***