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Posted Wed, 25 Sep 2024 08:38:42 GMT by Patrick Ames
Hi
I have a chare on my property by welcome finance. Welcome finance closed back in 2011 approx and loans were taken over by Coast Finance Solutions. The loan was paid of through Coast Finance Solutions and they have not removed the charge on the property.
Coast Finance Solutions is no loger contactable.
I have since found out that they have passed all their accounts on to different loan companies. However my details are obviously not passed on as the load was cleared.
I have tried calling numbers found on the web for Coast Finance Solutions and a different company in wales answers and they say they always get calls but are not Coast Finance Solutions. Coast Finance Solutions use a veld.com email address and i and my solicitor have conatced veld but get no response from then about Coast Financel Soulutions.

How then can i get this charge removed. I am retired and in the process of having equity release arranged but this is causing a major issue.

Thnak you in advance.
Patrick
Posted Wed, 25 Sep 2024 10:37:10 GMT by Adam Hookway
Hi Patrick - it's a not uncommon issue raised on forums inc Money Saving Expert where a debt/charge has been passed on to another creditor. 
From a registration perspective if it's a legal charge then we need a form DS1 executed by the creditor/lender as appropriate. And if that is someone other than the one on the register we also need proof of their legal authority to discharge the registered charge.
You will need to continue to follow the trail so to speak to identify who can legally discharge the charge and provide you with the required form and supporting evidence
If you are trying to secure equity release then it might also be worth speaking to your legal/financial adviser to seek their insight and help also
Posted Wed, 25 Sep 2024 10:59:30 GMT by Patrick Ames

Hi

Many thanks for the reply.

The two companies that were involved are not trading anymore so there is no-one to speak to to have the form completed. Where does this leave things?

Kind regards

Patrick

Posted Wed, 25 Sep 2024 11:09:58 GMT by Adam Hookway
Patrick - that all depends on how they have ceased trading and how their assets are then dealt with in law. That's where the legal advice needs to come in 
Posted Wed, 25 Sep 2024 12:52:30 GMT by Patrick Ames

Ah many thanks for your assistance

Posted Wed, 27 Aug 2025 17:53:26 GMT by K Barnes
Am trying to find out s account number from an secured loan I had on my property the company welcome finance no longer trade.
how can I get this removed from my pr9
Posted Thu, 28 Aug 2025 06:29:48 GMT by Adam Hookway
K Barnes - unsure what a pr9 is but if you need to obtain details re a secured loan (legal charge) then please use our contact form to enquire and provide as much specific detail as you can
Public guidance: dealing with land and property - GOV.UK

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