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The Financial Ombudsman Service (FOS)

The Financial Ombudsman Service (FOS)

You might be in a position to grumble towards the Financial Ombudsman provider (FOS) in regards to the method a business has dealt together with your account. You need to follow your lenderРІР‚в„ўs complaints procedure first. You are able to just make use of FOS to grumble about occasions that occurred from April 2007 onwards. SeeРІ

Other financial obligation kinds

Council income tax

A council must not go right to the magistratesРІР‚в„ў court and request a liability purchase for council income tax a lot more than six years following the council taxation became due. This really is under Regulation 34(3) Council Tax (Administration and Enforcement) Regulations 1992.

The reason for action (if the limitation duration begins operating) for council income tax, is whenever the council first delivered a bill for your requirements. Unreasonable delays in delivering bills could possibly be grounds to make a grievance into the council and, if unresolved, the town Ombudsman. Call us for advice.

To find out more about coping with council taxation arrears, see our Council taxation arrears fact sheet.

Liability instructions

When the council has acquired an obligation purchase, there isn’t any right time frame for enforcing it. There might be limitations on what the council can enforce old obligation purchases. Contact us for advice.

Mortgage shortfalls

Home financing shortfall sometimes happens should your house is repossessed, rather than sufficient money had been raised because of the purchase to cover the balance owing in the home loan and any secured finance. Your loan provider will then chase you when it comes to staying amount.

The Limitation Act states that the limitation duration for home loan shortfalls is twelve years for money owed, and six years for the attention the main shortfall.

The explanation for action (whenever limitation duration starts operating) for home loan shortfalls, is generally whenever loan provider has a right to be paid back in complete.