Justcurious
Registered User
- Messages
- 2
Hi,Advice,
Just to be clear .... they are changing each charge on each folio from BOSI to BOS. One folio I am aware of was changed in the last few days.
Hi,
I got a copy of our folio a few weeks back and the charge was BOS Ireland and straight to Tanager in 2014?? How can BOS plc change this legally??
Tracker with BOSI 2007 - 30 year interest only
Checked the Land registry today.
The title was changed on the 09th April 2015 to this
"The title to this charge was transferred by virtue of a cross border merger made in accordance with Directive 2005/56/EC of the European Parliament and of the Council that was approved by order of The Court of Session of Scotland to take effect at 23:59 hours GMT on 31st December 2010. See entry no. 5 below.
BANK OF SCOTLAND PLC is owner of the charge at entry no. 4 above. "
Any thoughts?
I am surprised if your loan was transferred to loanstar that they were not already the charge on your folio? Ours was not changed to BOS PLC it just went straight from BOS Ireland to Tanager!!interesting Gerry thanks
its with lonestar now.
So if its registered to BOS PLC whats to stop them just transferring to Start/ Lodestar?
this line could be a Yoda quote "From his view Bos will in arrears hassle be in trouble"
There are no issues with the title. the issues raised are in respect of the ownership of the charge on the property. As BoSI is no longer a legal entity the charge should now vest in the ownership of Lonestar (this appears to be where the uncertainty lies). Lonestar should have the capacity to vacate this charge as owners of the charge. However, given the comments above re uncertainty over the legality of transfer of charge ownership this appears to be unclear. I.e. Will a purchasers solicitor accept a vacate from Lonestar? This is the issue that needs to be clarifiedSuppose the new owners of my mortgage offer me a write off on a portion of my mortgage and agree to allow a sale for a figure less that the amount owing, will this sale be possible to get over the line considering the issues with title?
Still don't get it. What's it for. Have you one to show us please.
Me too.
In relation to this:
I have never seen a home loan agreement (as opposed to a mortgage deed) that contains a power of attorney.
The home loan agreement is the document you sign to accept the mortgage, but when the sale is being closed and the mortgage put in place the mortgage deed is then signed if I recall correctly. So it's that I've to have a look at I guess.
But at the end of all this how has the borrower or Gilboy won anything, presumably they have merely delayed the inevitable and the ACC bank will have moved to validly appoint a receiver correctly.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?