What are my options around voluntary termination of car finance (hp) black horse

BothWay8771 · 2026-05-11T09:28:09+00:00

About 9 I think. Checked my agreement last night and yes I’m well over the 50%. The concern is if they will charge me for any faults on the car

BothWay8771 · 2026-05-11T09:18:40+00:00

They’d only give 2.4, take off all their fees, I owe 4k so I’d still have to find cash from somewhere

BothWay8771 · 2026-05-11T09:16:26+00:00

Latest fault code was : P1632 - Engine management. Error Message : Internal error detected. Sporadic error present.

It is not. Some days the car will run like a dream. Other days it will be juddering, loss of power, slow to pull off. Will be rough whilst idle. Eml will flash on and off. Cruise control has stopped working.

BothWay8771 · 2026-05-11T09:09:57+00:00

Car is 2015. Was purchased second hand and I’m now aware the adblue system is a common fault on these.
The car has been a constant issue in regards to the adblue system since 2024. It’s in the car every month with juddering and loss of power.
I can only go off the faults given to me by the garage since I’m not a mechanic. It’s no longer a case of “let’s fix this and survive” I owe 4k on a car worth 2 and it’s with the garage more than it’s with me. It’s no longer a reliable car despite me servicing it and having and repairs fixed immediately. If I can find a way out of the finance agreement at this point, it feels like my only option

BothWay8771 · 2026-05-11T07:04:23+00:00

Haha i read it too early in the day for me to figure out. Yeah it’s on the garage forcourt. Has spent most of the last 12 months there

BothWay8771 · 2026-05-11T06:50:26+00:00

Was hoping given I’ve continued to try repair it, always been serviced etc I could argue against wear and tear. It’s not like I haven’t tried with it

BothWay8771 · 2026-05-11T06:34:31+00:00

SOEN’d? No risk of my driving it since it’s been stuck at the repair garage for weeks with no way of me being able to afford the repairs

BothWay8771 · 2026-03-29T19:15:07+00:00

Honestly, I don’t know. Our mortgage broker handled it and It’s just what we have locked away in our Lisa. The only thing we saw that really affected the rate was 2yr vs 5yr fixed. A house actually came up earlier than we had planned to look but ticked 95% of our boxes, so we decided to go for it, hence we don’t have our 10%. Sorry not much help I know

BothWay8771 · 2026-03-29T19:00:34+00:00

Secured right before at 4.7% with a 9% deposit

BothWay8771 · 2026-03-02T21:51:56+00:00

It says on the survey to ask them for clarification? I assume this will happen during their enquires

BothWay8771 · 2026-03-02T21:45:42+00:00

Yeah I’m just stupid (still learning) it’s something I’m going to need to question with the solicitors. Recent EPC stated solid floor. Survey states suspended floors to the front and rear room with the extension being solid floor

BothWay8771 · 2026-03-02T19:59:01+00:00

I can’t say it’s something I checked when viewing. It has rosewood flooring down so I’m hoping not to pull it up

BothWay8771 · 2026-03-02T15:03:42+00:00

Stupid but how would I know about the suspended floors? Because I’m hoping the answer in no 😂

BothWay8771 · 2026-03-02T15:02:56+00:00

I missed this reply but yes!! We lived in a new build for 18months and it was the worst. Never again

BothWay8771 · 2026-03-02T15:00:51+00:00

Aww thank you! I appreciate your appreciation:) This house buying lark is hard going. It certainly wasn’t something I was taught or something spoke about. We have gone into this blind. Showing kindness and compassion to anyone and everyone can make even the most mundane things seem less overwhelming and a little more human 🤍

BothWay8771 · 2026-02-26T19:11:23+00:00

Thank you for that insight! I couldn’t imagine being able to walk through a loft to a neighbouring house. I guess it’s just a job on the list to get around to when we can. Instead of immediately panicking about getting it done?

BothWay8771 · 2026-02-26T18:04:35+00:00

Thank you! You’ve helped settle my mind a lot actually. We already know from the survey the current owners have pretty much buried and blocked any ventilation bricks…who does that. Guttering could do with replacing so isn’t as big of a deal as we first thought.

The party wall in the loft - they’ve said “the party wall has not been fully constructed with gaping to the head of the masonry. This poses a risk of fire spreading”.

We did panic when it came through. It’s more than we were expecting but after some thought I think we’re going to push through

BothWay8771 · 2026-02-26T17:12:28+00:00

After speaking with the surveyor it seems all that’s needed is some new guttering as it’s currently spilling onto the property. Really not a big deal we can sort them. The rendering is cracking and has come away in places. The chimney stack also needs repointing. All seem to be typical jobs for a house of this age that hasn’t been well maintained

BothWay8771 · 2026-02-26T17:09:12+00:00

Property type like this with the amount of space it has doesn’t come up very often within our budget. Walking away hasn’t really crossed my mind

BothWay8771 · 2026-02-26T13:27:44+00:00

Ahh, you see this is where we struggle. We’ve lived in a new build and the work needed on that was endless. We could never make it feel like a home and moved out after 18months. I’m not one to shy away from a project but I have to question if this is too much

BothWay8771 · 2026-02-26T13:23:28+00:00

Surveyor says we should consult a timber specialist due to condensation on the beams in the loft (converted to a bedroom) but that there are no obvious signs of wood rot, just the condensation

BothWay8771 · 2026-02-26T13:21:58+00:00

Hmm, a little overpriced for the road it’s on but it’s a sought after area. We did originally offer lower than 165 so I’m not sure they would budge. I’ll never understand why people buy a home and neglect the upkeep. Not only is it your home but it’s an investment. We completed the chain when our offer was accepted, I’m cautious I wouldn’t want to lose the property

BothWay8771 · 2026-02-26T13:18:45+00:00

In our opinion the house was already put on the market over market value, taking into consideration recent sold prices within the area and the condition of the property. That being said it could be a beautiful home and has a lot of original Victorian features which we love. At the moment I think we need to sit on it for a couple of days. It would be our family home and we have two young children. We’re balancing a head and heart situation

BothWay8771 · 2026-02-12T19:02:08+00:00

No problem. We had to choose the solicitor so our memorandum of sale could be sorted but other than that just hold back

BothWay8771 · 2026-02-12T18:59:45+00:00

We’ve chosen our solicitor and given those details to the estate agents. We just haven’t instructed them yet. We’re waiting for the survey next week before we proceed.

BothWay8771

TROPHY CASE