My Problem is this:(posted 8294 days ago)August 1990 took out a joint endowment mortgage with my partner at the time for a £39,950 new flat with the Halifax.
We hadn’t a deposit, but the developer had an arrangement with the Halifax that he set a side “£2,000” of his money so that it will help us in early stages of paying the mortgage the scheme was set up as this: 65% of the £2000 divided by twelve monthly payments came off our first year’s payments, 35% for the second year and the remainder the third year. The Solicitor – was through the developer who told us that we had to take out a MIG policy as we were applying for a 100% mortgage and told us the reason we had to take out this policy was to insure the Halifax against any mortgage shortfall or us defaulting.
When we had the mortgage offer come through it was in my name only but we had it amended for both names.
In the autumn of 1993 my relationship with my partner broke down and she moved out and left me to pay all expenses etc.
I contacted the Halifax to remove her name from the mortgage etc. The Halifax declined.
November 1993 I had no alternative to hand the keys back to Halifax
Did not hear another thing until July 2000, when my new partner and wife received a funny phone call asking information about me. Two weeks later I received a letter from Warner Cranston asking me to contact me regarding an outstanding debt of £34,442.27. !! I ignored this letter.
Got another letter September 2000 Telling me if I do not contact them within 7 days the will consider court proceedings. I wrote back saying there must be a mistake as I was covered under the MIG policy.
Received another letter from the saying I am not privy to the MIG Policy.
Contacted Local Solicitors to act for me.
They started written dialogue with Warner Cranston (WC) requesting copies of various documents WC- still claim I am not privy to MIG and will not release details. My solicitors give me a copy of article from Sunday Times regarding Peter Walker and Concept Management.
After eight months and £1,100 solicitor is no further forward so I dispense with his services.
I write “without prejudice letter” stating to resolve any more stress to my Family I willing to pay a one off payment – and how much would they require.
Receive letter back from WC demanding me to fill in income and expenditure form and return with in seven days or they will consider court proceedings.
I contact Peter Walker of Concept Management (CM) who agrees to act for me.
Through CM I offer an ex-gratia payment of £1,500.
WC writes back and again asks for the income and expenditure form to be returned.
CM writes back and said no.
1 Aug received copy of their county court claim form !!!
HELP!!!!!!!!!!!