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Statute Barred Advice Needed

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  • 01-05-2023 9:11am
    #1
    virgo65
    Registered Users Posts: 9 ✭


    I have a mortgage that has been sold on from Promontoria to Everyday Finance DAC. The property itself is with the Registry of Deeds and has no folio number. Does anybody know what form(s) need to be completed to be submitted to have the burden/charge lifted from the property as the initial letter of demand from Ulster bank was received in Jan 2011.

    Does anyone have any experience of having a charge lifted? How difficult and troublesome can it be?

    All advice greatly appreciated. TIA



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  • Options
    #2
    walterking
    Registered Users Posts: 1,297 ✭✭✭walterking


    Do you REALLY thinks that you can get off your mortgage?


    SERIOUSLY????


    You are reading far too much utter tripe on fakebook / listening to really stupid people in the pub.


    Pay your mortgage and stop putting your burden on the decent people who do pay



  • Options
    #3
    Jim2007
    Moderators, Business & Finance Moderators Posts: 10,045 Mod ✭✭✭✭Jim2007


    The bad news is that you are dealing with professionals and none of the Irish legislation has been designed to enable you to avoid your debts.

    So in the real world:

    • 'Statute barred' is a defence in court, which may or may not be accepted, not some kind of right to enable you to have your debts absolved
    • The very act of trying to have your debts absolved would reset the clock and you would no longer be able avail of the statute barred defence if an institution tried to recover the debt
    • Even if you were to succeed with the statute barred defence, it would only be useful to you if you were sure you'd never need access to credit facilities again. Irish law and EU directives require all unsettled debt of that level remains registered until it is fully settled and access to that information is available to all financial institutions across the EU/EEA/CH.

    You need to stop listening to the sovereign citizen kind of fairy tales, because fairly tales do not come true.



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