I really think you should be putting more emphasis making sure they have their paperwork in order first. Like TDA says ask them for the ORIGINAL statement of affairs and then ask them to justify why they think it should be changed. If they cannot produce the original statement of affairs then I would not pay them a single penny over the agreed amount. No court in the land would entertain them without the original paperwork.

They'll have that Sold down the river. It's not really a case of getting an original, I suspect it will be a system produced document which is kept on file electronically and possibly on paper as well.

Understanding why something has changed would obviously be important. But what if it hasn't changed?

My Statement of Affairs states a shortfall of £1000
Between my property value and mortgage being £1000 higher than value.

TDA is it common for a statement of affairs to be sent to creditors before a redemption figure is received formally from the bank ?

( this is meant to be the official statement)
Thanks

Though I suppose I understand why it has changed

Hi ann910.

That's interesting.

It might be good if Kevin or David could jump in on your question. My role doesn't involve sending these things out so they'll have more insight on that than I do.

Thanks
One sheet says Statement of Affairs -
Which states property info , assets and liabilities .

A second sheet says Estimated Statement of Affairs which gives details of income and expenditure.

The covering letter says Creditors should note that the Statement of Affairs details the expected costs in the administration , an estimate of the outlays and where appropriate details of any payments made to referring agents ...

I received the aforementioned documents along with my copy of the Trust Deed.
Do you think a different one was provided later by PJG ?

It is quite possible that the statement of affairs was sent before a current redemption figure had been received, ann910. It is different now, as these things have to be gotten in advance, but prior to November 2013 the Statement of Affairs may well have been an estimate based on the best information that was in hand at the time. There would normally be a note to that effect if that is the case.

I think you should make enquiries Diamond Chap to find out if new information changed things a long time ago, rather than any equity liability having a connection to the change of trustee much more recently.

I have provided evidence from PJG that the Valuation had been done and, as I said, Mortgage Redemption figures had been provided.

So they have the valuation and redemption figure so what are their grounds for disputing this ?

Kevin
Thanks for your help. I assume that is what happened.
However, there is no note.
7 notes on that page . None mention the redemption figure.
Only one specifying a valuation would be done, which is backed up in meeting
notes ( that figure is the same on both).

Diamond Chap I think I provided a recent mortgage statement at the time.
Possibly dated within a month or 2 at most. Though that is my memory.
I had no idea I had any equity to pay until recently ( but before the transfer).
You should check it out if you can.

They used current Mortgage figures.

Could you check please Diamond Chap?

The more I think about this the more I think that this is much more likely to be an early misunderstanding of some sort rather than anything related to the transfer.