Hi there,
We have been paying covenant charges to TerraCorp Ltd for the last 10 years or so for land that we purchased from Lakeview. We have tried to dispute these charges with TerraCorp since Lakeview went into administration last year only to be issued with a court order. Now we have received another letter from TerraCorp with a offer to 'release' us from the covenant charges on the condition we pay them £1,495 within the next 60 days.
Has anyone had similar experience with this and taken any action? I presume no one has actually paid this as it all seems to be illegitimate.
Any advice would be welcome, many thanks for your help!