Hi I just found out that my mh has got a chattel mortgage on it can anyone advise me& (1 Viewer)

Dec 6, 2011
11,470
25,067
South Wales
Funster No
19,136
MH
Coach built Adria
Exp
Since 2007
Hi welcome. I am sorry to hear about your problem.

I would certainly say proper legal advice is the way forward. Preferably with a legal who is familiar with business and sales contract legalities.
I hope you can find the right help
 
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Shegs

Free Member
Jan 10, 2021
1
0
Funster No
78,758
MH
Mercedes sprinter
Hi just found out that my my has a chattel mortgage on it
Can anybody help with advice
I was thinking about moving up. But after the radio 4 program . I think you will find theres a lot out there... and it seems your fxxxxd

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Clipgate

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Jan 1, 2014
759
1,273
Folkestone
Funster No
29,519
MH
A Class
Exp
2010
Having purchased vehicles from banks and other lender as repossessed subject to mortgage security, might I suggest you contact the mortgagor and ask the outstanding loan figure. They will undoubtedly ask for its location! Do not lie but be economical with the truth.
They may settle for half or even less of the outstanding redemption figure.
Keep calm or even ask a solicitor or trusted friend to do this.
The unpalatable truth from what you say is you do not own the motorhome unfortunately.
If your suspicion is correct it's a matter of mitigation.
I know this may go against the grain but they may even loan you the balance. The last thing they want is recovery costs, storage and auction fees etc.
It's not the end of the road and requires skillful calm handling.
Think it through and ensure they prove good title before making any offer or accepting one from them.

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Feb 20, 2017
849
2,443
Kent
Funster No
47,422
MH
Bailey 75-2
Exp
Tugger now Motorhome
UNBEATABLEHIRE LIMITED
Company number 04306649
Follow this company File for this company

Filter charges

Filter charges Outstanding / part satisfied

810 charges registered 466 outstanding, 343 satisfied, 1 part satisfied



466 unhappy people who invested their money.

"If it sounds too good to be true then it probably is"

Limited Liability so suspect they walk off into the sunset!
 
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Pjdow

Free Member
Jun 29, 2020
61
137
Funster No
72,443
MH
Swift Escape
Exp
Iā€™m a newbie
From the insolvency article it appears that the only vehicles that could be affected are Chausson.

And there could be lots out there, as already reported.

Hopefully this situation is a one off..
 
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Tombola

LIFE MEMBER
Nov 21, 2020
4,679
15,246
Merseyside
Funster No
78,053
MH
Rapido 8094DF
Exp
Since 2004
If it got stolen who get spaid off ? the finance company ?

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Realist

LIFE MEMBER
Nov 4, 2018
1,746
2,660
Wales last time I checked.
Funster No
57,061
MH
Caravan: Buccaneer
Exp
Caravan before 2000 / Motorhome From 2018 to 22 / Now Caravan again.
The fist van on the list is a WHITE CHAUSSON ZFA25000002532982 reg ending EYM is sorn taxed and mot and not listed as stolen and it has a charge against it to Mr William Cowe.

Poor sod
 
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Jan 29, 2017
683
557
Gloucestershire
Funster No
47,109
MH
Lunar Champ H621
Exp
15yrs
This unfortunate situation reminds me of some boats in a similar situation, they were owed to someone in the North of Ireland. They were all parked up just over the Border in the South. As advised, moved "beyond reach"
Complicated, get the right advice.
Mike
 
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Swifter

LIFE MEMBER
Jul 28, 2020
3,902
9,018
Herefordshire, UK
Funster No
73,605
MH
C Class
Exp
Since 2019
Steady on Swifter, I know it's not right but it was the first thing I thought, I'd sell it, then when I thought about it I wouldn't do that, but it was there in the back of my mind. Does that make me a wrong'un?
Fair enough . I am getting wound up and bored working from home šŸ˜¬. I did overreact there .
 
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