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Hello. Thank you for the question. It is my pleasure to assist you with this today.
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I will try to help but i need to ask the following -
what was the repayment terms that you agreed to?
and was it made in UK?
have you asked him why he thinks you still owe £100k?
I cannot see how you could borrow GBP115,000, pay GBP1000 per month for 28 years, a total of GBP330,000 but still owe almost as much as you borrowed in the first place.
My personal view was that I would tell him that you have now taken legal advice and that you have more than paid the loan and that you won’t be paying any more and that if he feels differently, he will have to take you to court, prove how much you owe and you will show the court how much you have paid.
The fact that he may have put this money into a pension and got a similar amount of money is not relevant.
Thank you for letting me assist you with your legal question. I am glad that I was able to help.
I am not certain whether that answers the question for you or not, but I am happy to answer any specific points arising from this.
It will be my pleasure to help you again either further with this or any future questions you have