Can I remortgage if I have a secured loan?

Can I remortgage if I have a secured loan?
It is possible to remortgage with a secured loan on a property, but the lender will take this second debt into account and there may be fewer options available to you. Remortgaging means getting a new mortgage deal, either with a new lender or with your existing lender.

Can you refuse to deal with debt collectors?
What happens if I ignore a debt collector? It’s not a good idea to ignore any contact you get from people chasing debts. If you ignore a debt collector, they may take further action to recover the money you owe them. In the first instance, this could mean court action, such as a County Court Judgment (CCJ).

Can I refuse to pay unsecured loan?
Failing to repay the loan on time and in full will damage your credit score. With a damaged score, it will become difficult for you to borrow a loan in the future. Moreover, lenders can take legal support to make you pay them back. You may receive a County Court Judgement (CCJ) asking you to repay the lender.

Can debt collectors take your car UK?
Bailiffs (also called ‘enforcement agents’) could take your belongings if they’re collecting a debt you haven’t paid. They can take things you own or that you own jointly with someone else – for example electrical items, jewellery or a vehicle.

Can bailiffs take my car without warning?
Bailiffs can include your vehicle in a controlled goods agreement, or they can tow it away or clamp it. They can do this if your vehicle is parked at your home or on a public road. But they can’t take your vehicle if it’s parked on someone else’s private land, unless they have a court order allowing this.

Can a bailiff take your car if you need it for work?
Bailiffs cannot seize a vehicle required for your work, provided it is valued at less than £1,350. More, and it can be taken as payment.

Can marstons force entry for council tax?
A bailiff cannot force entry to your home for a council tax debt unless they already have a controlled goods agreement in place. Force is rarely used by bailiffs.

How long does it take to repossess a car UK?
This is usually 28 days after your court hearing.

How many car payments can you miss?
No hard and fast rules exist regarding how many missed payments will cause a creditor to initiate a repossession. Missing one payment is enough for the lender to repossess your car. As previously noted, most lenders try to avoid repossessing vehicles because they almost always lose money.

Do bailiffs come at weekend?
A: Bailiffs have to work within certain rules. Certified Bailiffs are required to attend your property between sunrise and sunset if they are collecting rent arrears. Sundays and bank holidays are days upon which bailiffs are not aloud to call unless they have permission to do so from the court.

Can I sell my house with a second charge on it?
If you sell your home, you’ll need to pay off your second charge mortgage. Or, if your lender allows it, transfer the second mortgage to a new property.

Can I lose my home to unsecured debt?
An unsecured debt does not have any major assets – such as a property – linked to it. This means your house or a car, for example, cannot be taken by creditors to repay the debt, should you find yourself unable to pay it.

Can a bailiff take my car if it is on finance?
Bailiffs (also called ‘enforcement agents’) could clamp or remove your vehicle if they’re collecting a debt you haven’t paid.

Can Marstons take my car?
Marston Group Limited: The bailiff cannot sell hire purchase cars, but can still clamp them.

Can a bailiffs take my car without a court order?
No. The hirer does not own the car until the final payment has been made. Bailiffs may only take goods belonging to the debtor. If your finance car is clamped by bailiffs, you can apply to the court for an injunction.

Can I stop my car being repossessed UK?
How to avoid a car repossession in the UK. There is a way to avoid your car on finance being repossessed and any subsequent debt, known as a voluntary termination. Under Section 99 of the Consumer Credit Act, consumers are allowed to voluntarily terminate their agreement if they are unable to repay.

What powers do Marston bailiffs have?
Marston Group Bailiffs will recover money for companies that have a County Court Judgement or CCJ against the debtor. This means they could work for almost anyone who has won in court.

How many car finance payments can I miss?
If you miss three to six payments, the finance company will send you a default notice asking you to bring the account up to date. They normally give you the legal minimum of fourteen days to pay the arrears and they can repossess your car if you don’t pay.

Who owns a car legally?
The legal owner of a car in the UK is whoever has registered the vehicle with the Driver and Vehicle Licensing Agency (DVLA). This person will be responsible for keeping all documentation up to date and ensuring that any road tax due on the vehicle is paid.

Can bailiffs visit without a CCJ?
Bailiffs collect things such as County Court judgments (CCJs), council tax arrears, parking fines, and child maintenance arrears. Bailiffs have a legal right to visit your property, and to remove and sell your goods to pay off a debt.

Leave a Comment