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    • love the extra £1000 charge for confidentialy there BF   Also OP even if they don't offer OOC it doesn't mean your claim isn't good. I had 3 against EVRi that were heard over the last 3 weeks. They sent me emails asking me to discontinue as I wouldn't win. Went infront of a judge and won all 3.    Just remember the law is on your side. The judges will be aware of this.   Where you can its important to try to point out at the hearing the specific part of the contract they breached. I found this was very helpful and the Judge made reference to it when they gave their judgements and it seemed this was pretty important as once you have identified a specific breach the matter turns straight to liability. From there its a case of pointing out the unlawfullness of their insurance and then that should be it.
    • I know dx and thanks again for yours and others help. I was 99.999% certain last payment was over six years ago if not longer.  👍
    • Paragraph 23 – "standard industry practice" – put this in bold type. They are stupid to rely on this and we might as well carry on emphasising how stupid they are. I wonder why they could even have begun to think some kind of compelling argument – "the other boys do it so I do it as well…" Same with paragraph 26   Paragraph 45 – The Defendants have so far been unable to produce any judgements at any level which disagree with the three judgements…  …court, but I would respectfully request…   Just the few amendments above – and I think it's fine. I think you should stick to the format that you are using. This has been used lots of times and has even been applauded by judges for being meticulous and clear. You aren't a professional. Nobody is expecting professional standards and although it's important that you understand exactly what you are doing – you don't really want to come over to the judge that you have done this kind of thing before. As a litigant in person you get a certain licence/leeway from judges and that is helpful to you – especially if you are facing a professional advocate. The way this is laid out is far clearer than the mess that you will get from EVRi. Quite frankly they undermine their own credibility by trying to say that they should win simply because it is "standard industry practice". It wouldn't at all surprise me if EVRi make you a last moment offer of the entire value of your claim partly to avoid judgement and also partly to avoid the embarrassment of having this kind of rubbish exposed in court. If they do happen to do that, then you should make sure that they pay everything. If they suddenly make you an out-of-court offer and this means that they are worried that they are going to lose and so you must make sure that you get every penny – interest, costs – everything you claimed. Finally, if they do make you an out-of-court offer they will try to sign you up to a confidentiality agreement. The answer to that is absolutely – No. It's not part of the claim and if they want to settle then they settle the claim as it stands and don't try add anything on. If they want confidentiality then that will cost an extra £1000. If they don't like it then they can go do the other thing. Once you have made the amendments suggested above – it should be the final version. court,. I don't think we are going to make any more changes. Your next job good to make sure that you are completely familiar with it all. That you understand the arguments. Have you made a court familiarisation visit?
    • just type no need to keep hitting quote... as has already been said, they use their own criteria. if a person is not stated as linked to you on your file then no cant hurt you. not all creditors use every CRA provider, there are only 3 main credit file providers mind, the rest are just 3rd party data sharers. if you already have revolving credit on your file there is no need to apply for anything just 'because' you need to show you can handle money. if you have bank account(s) and a mortgage which you are servicing (paying) then nothing more can improve your score, despite what these 'scam' sites claiml  its all a CON!!  
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Blemain - Who regulates them?


Challenging
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We took out a secured loan in Feb 2006 with the dreaded Blemain Finance for £34,000. Following many sales calls over the next six months, we took out another for £5k as a unilateral charge. After years with Kensington and having accumulated extortionate arrears charges, we were finally offered a mortgage with a building Society and thought that there was light at the end of the tunnel. However, the new mortgage will allow us to pay off Kensington, the smaller loan which they want 7.5k to clear off, and the larger loan they now want £40k & 3.5k in collection costs. We have wrote and called them dozens of times and they just won’t reply with justification of the costs and to cap it all they have not agreed to a deed of postponement even though our new mortgage would clear the smaller loan and most of the large loan including the arrears and collection costs. We called them today and they even said that they wouldn’t agree even to the deed of postponement even if we cleared the arrears and paid them their costs upfront. We are now stuck with Kensington because of Blemain and can’t see any way out. We will still have 30k in equity after this so can’t understand why they are being so difficult. They even refused to speak to us and told us to stop calling. I have tried the FSA, Financial Ombudsman, Trading Standards who have all referred us to the CAB. Why can they get away with wrecking people’s lives – how do they sleep at night? Can anyone give advice before we see the CAB?

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Hi Challenging

they are regulated by FISA but only it you took out your laon after they came under their remit in early 2007 (not sure of the date) any time before then you will find like others on this site with complaints against Blemain that there seems nowhere to turn, except maybe if your loan was sold by a broker who did not explain it to you correctly, it will be covered by the consumer credit act of 1977, does it state anything about early redemption charges? thats what they robbed me on, If your laon was sold by a broker, which is more than likely then its them you go after if theres anything missing from your paperwork, and knowing BF there will be.. Best of luck..GC

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  • 1 year later...

There maybe a way of making a complaint to the Fin Ombudsman (FO) regarding Blemain Finance

 

I am a CAB Debt worker. Our clients came to us regarding a charge of Buildings Insurance in their redemption figures. Clients already have buildings cover with their mortgage providers. After speaking to the FO they informed us that BF are not regulated to sell insurance. We believe that BF will refer us to Ocean Finance who acted as the broker in this deal and miss sold the insurance to our clients. Ocean Finance do come under the remit of the FO and we then can make a complaint to the FO.

 

Will let you know the result of our complaint which may take upto 3 months.

 

Hope this helps some of you

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  • 2 months later...

Just wondered if there is any news on this re the buildings insurance? Blemain have refused to refund me two previous years premiums even though I had buildings insurance. I cannot get the broker to reply to my SAR either so am wondering if the FO is the way to go. Or perhaps the ICO...

 

Kind regards, MG

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  • 2 weeks later...

Challenging,

 

Can't say for sure who regulates the lender BUT.....

 

You might be interested to know that your Blemain loan agreements are REGULATED CONSUMER CONTRACTS under the Consumer Credit Acts 1974 and 2006. Therefore you have extensive statutory protection from those two Acts.

 

The Office of Fair Trading is the regulator in charge of any credit agreement that falls under those acts.

 

When you entered into the contract for £34K, the contract would have fallen outside the OFT's regulation of the loan BUT since April 2008, the 25K limit was lifted so now, your contracts falls within the scope of the OFT's regulatory purview.

 

See e.g. the explanatory notes in the CCA 2006

 

Section 2: Removal of financial limits etc.

16. Section 2 removes the financial limit for the regulation of consumer credit and consumer hire agreements under the 1974 Act. The 1974 Act currently applies only to agreements where credit provided or the hire payments to be made do not exceed £25,000. In future, all consumer credit and consumer hire agreements will be regulated by the 1974 Act unless specifically exempted, regardless of the amount of the credit or the amount of the hire payments. Section 2(3) extends the application of the provisions regulating credit advertisements to advertisements offering credit regardless of the sum involved, and regardless of whether the creditor requires security.

 

 

The "specific" exemptions are set out at s.16 of the CCA 1974. Unless the lender falls within the s.16 exemption, your contract is regulated under these acts. It is unlikely that a mob like Blemain will have a s.16 exemption. The exemption are for institutions such as holding a banking licence, building societies and local authorities.

 

Also see s.2 of the CCA 2006 which changes the CCA s.8 definition of "consumer credit agreement" .

 

Also, check out the "unfair relationships" provisions of the CCA 2006 and also check out the s.13 and s.17 (I believe) which prohibit lenders from charging compound interest on default sums.

 

Recommend: getting in touch with the OFT and learning about the CCA Acts. You have got a lot of good law to protect you from their conduct but you have to use and assert those protection.

 

Use this site to read the Acts: Home - Statute Law Database

 

...and know your rights...

 

Good luck

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Thanks Supersleuth. Things have moved on since I started this thread in 2007. The house was repossessed by Kensington and sold for loads below value in April 2008 (220k and sold for 163k). Kensington then charged us about 8-10k selling fees, legal costs, asset fees, then also charged us an extra 25k on top of the original mortgage (we had paid about 50k the previous 4 1/2 years). They then sent a surplus of 26k to Blemain as second charge. Blemain contacted us months after and following several requests they have still not provided us with a balance (it changes every time and they deliberately will not provide us with a true debit and credit account. They were still requesting a significant amount of money as owing even though technically the shortfall should really be about 5k following the 26k reduction and previous payments. Anyway, it's not all doom and gloom as life is much better and 5 months ago we sent the agreements and all documentation to a company that employ forensic accountants. Both Kensington and Blemain's agreements have irregularities and we are now awiting a call from solicitors regarding litigation. Now that we are free of the professional thieves, we can take them on.

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Hi Challenging,

 

Keep on challenging...going forward, the change in the CCA will still be able to help you.

 

As you've discovered, being repossessed is only the start of the thievery. Just when you think you've lost everything, they manufacture even greater loss which they call "your debt". The blank cheque they write themselves in so called legal fees etc. Happy that you've got legal help with this. I may know your of your forensic accounts and the solicitors. If they're who I think they are, then you're in good hands.

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Oh and one more thought. Did you check your old title number. Often there's a ruse where they sell for under value, and then in a matter of a few months, it gets sold on again at a more realistic price. Check the history of your title number at the Land Registry from the date when you were repossessed through to the current date.

 

That ruse is used to increase the shortfall that they can chase you for, thus keeping you in hock to them and keeping the compounding interest going. Did you know that the latin words from which the word "mortgage" derives is translated as "death-grip". Really is, don't your think

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Can anybody suggest where we turn for help with Blemain. We took out 4 loans with them through a broker. The repayments became extortionate beyond belief and we solf one of the properties. They charged us £3000 just to provide a settlement figure to our solicitor. They've charged us for insurance when we have our own and they stick masses of fees on the remaining accounts every month. They are crippling us and we need to get out but thanks to them we have terrible credit record. They refuse to provide us with statements and I cant see any light at the end of the tunnel. Desparately need some help, can anyone recommend somebody? Needless to say we dont have loads of spare cash around to stump up front either but happy to let anyone who can help us have what they can recover from these sharks

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Oh no, Blemain again.

 

I would start your own thread on this as there are quite a few of us who can offer advice in dealing with them.

 

They are in breach of the Consumer Credit Act by not sending you an annual statement and they have been legally obliged to since April 2008.

 

I can tell you now that on their Tariff of Charges they state £55 to calculate and send settlement figures to your solicitor so the most you should have paid for all four loans is £220. I would challenge this immediately via the complaint form on their website.

 

I have also had the insurance [problem] pulled on me and have now got them to agree to drop it, but they are refusing to refund previous premiums and I will take them to court about this after I have redeemed the loan.

 

I would also send a Subject Access Request (SAR) to the broker to find out if they received any extra commission for putting you with Blemain. Templates on this site. Good luck! MG

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You could try a SAR, http://www.consumerforums.com/resources/templates-library/86-debt-collectors/576-subject-access-request-debt-a-dca they have 40 days to provide you with the information which should include agreements, statements copies of letters. If they fail to provide it make a complaint to the ICO & send them the letter in post #6

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  • 1 month later...
  • 1 year later...
  • 2 weeks later...

No developments it seems.

They are covered by the credit licence of the Cheshire Mortgage Co

as ''introducers''

Any Letters I Draft are N0T approved by CAG and no personal liability is accepted.

Please Consider making a donation to keep this site running!

Nemo Mortalium Omnibus Horis Sapit: Animo et Fide:

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  • 1 year later...

I have been with Bleheim Finance for 6 years now. After being completely at their mercy I thought it would be a good idea to settle up. The loan started at £17,000. After admin fees the loan escalated to £19,300. After failing to acknowledge our building insurance the loan jumped to £21,000. After paying in excess of £16,000 in the last 6 years they having quoted me a settlement figure of in excess of £22,000. Blemain Finance are [EDIT] and this government are letting them get away with it.

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I have been with Bleheim Finance for 6 years now. After being completely at their mercy I thought it would be a good idea to settle up. The loan started at £17,000. After admin fees the loan escalated to £19,300. After failing to acknowledge our building insurance the loan jumped to £21,000. After paying in excess of £16,000 in the last 6 years they having quoted me a settlement figure of in excess of £22,000. Blemain Finance are [EDIT] and this government are letting them get away with it.

 

I'm no fan of this government but they have very little to do with it whereas the last lot had a lot to do with it!

We all need to get together on this. Our situation is very similar to yours. Did you have to take out PPI as a condition of getting the loan?

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