Money back from Sub Prime Mortgages

**belle2007** · 18th August 2007 21:23

Has anyone heard of the newest claim in the mortgage icon

industy?

You can now claim money back if you've had sub prime mortgage icon

due to a faulty contract.
Been told you can claim thousands and thousands back.

Anyone any experience with this?

Similar Threads:

**Stornoway** · 18th August 2007 21:52

Maybe if you could prove that you were mis-sold icon

the mortgage because you could have obtained a prime loan then you would have an argument to claim back some of the interest icon

paid. The FSA have recently reviewed the practices of a number of sub prime brokers and found problems.

**nickel** · 20th August 2007 11:02

Hello,

I have someone getting me some money back on a Northern Rock icon

together mortgage icon

. Apparently lots of contracts between 1990 and 2005 are actually invalid. I'm not sure of all the legal details but if you want to message me I will give you their contact details.

One of my friends is also going through the same process for a repossession, again the contract was invalid and shes looking to get back the value of her home at todays market value!

Speak to you soon.

N

**madh21** · 20th August 2007 15:16

Thats interesting...where did you get this information from?

**nickel** · 20th August 2007 15:36

Hello,

I was actually approached by the consultant herself, and she came round to see me for a review and then a few days later said I could get the money back. She showed me a list of the sub prime lenders and all sorts of names were there including C&G, Norwich & Peterborough and Manchester Building society.

The intial review is free so you have nothing to lose by getting it done and hopefully get yourself some money back - which is always nice!

I thought it would probably be more common but I think its quite a new thing.

If you want her details send me a private message.

N

**sequenci** · 20th August 2007 15:50

lol @ C&G being "sub prime"

**The Lantana** · 20th August 2007 15:59

Sounds like a [problem] to me nickel and belle

Regards

Lantana

**nickel** · 20th August 2007 16:31

Hello,

Yep I thought it sounded too good to be true. Its actually associated and backed by Barclays icon

Bank so I figured it must be genuine. I've had great communication from them and received all official paperwork.

I thought C&G sounded a bit strange but I don't know much about mortgages and in 1990 I was only 13 so had no interest icon

in what mortgage icon

companies were prime or not!

N

**sequenci** · 20th August 2007 16:42

I work within this industry, if it was something genuine then I would know about it. Why would Barclays icon

back something like that when they have their figures in MANY sub-prime pies?

TaffR · 17th May 2008 11:37

Updated:

http://www.consumeractiongroup.co.uk...ml#post1527167

http://www.consumeractiongroup.co.uk...ortgage-7.html

http://www.consumeractiongroup.co.uk...y-house-9.html

http://www.consumeractiongroup.co.uk...ml#post1527142

TaffR · 18th May 2008 14:26

absolutly!!

You only have to read their recent report (01 April) to see how much they are involved in this market.

Seq - Have they had any write downs this year?

Taffr

Originally Posted by sequenci

I work within this industry, if it was something genuine then I would know about it. Why would Barclays icon

back something like that when they have their figures in MANY sub-prime pies?

Legallychallenged · 18th May 2008 18:48

where are all taffrs posts gone this is maddening now

Legallychallenged · 18th May 2008 18:49

he emailed me and my husband to go these posts but i cant find therm

Legallychallenged · 18th May 2008 19:33

please put taffr's posts abck up

Legallychallenged · 18th May 2008 19:39

i want his posts back up pls

Legallychallenged · 18th May 2008 19:42

who can i talk to about this he was really generous with his money to you as well as updating people here on what is really goinmg on in this markets what is wrong with you people pls? I am so angry. he has shown me his messages to you all and ignoring him didnmt you like what he was saying?

**Graham777** · 22nd May 2008 13:38

Nickel,

I would be interested in your contact as I have a NR Together mortgage icon

.

G

**catwoman150** · 8th June 2008 21:06

Nickel,
I would be interested in getting some more information on this as well as I have a NR Together mortgage icon

as well. Could you please pm me the info.

Thanks.

**GRIFF27** · 13th June 2008 18:46

I don't know whether my case is the same thing as you were discussing but if it is, it certainly isn't a [problem]. I went on a site called 'My Vesta' and solicitors took up my case. I had a secured loan taken out in 1993 the interest icon

was extortionate but apparently the way the agreement was put together was wrong. The agreement was not drafted as if it were regulated by the Consumer Credit Act 1974 because the advance was in excess of £15,000 but it should have been because aa a condition of the loan the arrears on our mortgage icon

had to be paid off (restricted credit) so this was a multiple agreement. As a multiple agrrement the amount of credit in each part was below £15,000.
I have not won this case yet but a barriater said I have a very good chance of recouping all monies paid plus interest from day of redemption. Court papers have been issued so we are just waiting.
I would advise anybody with old agreements to get them looked at. I know we were lucky as we were granted legal aid to fight this, but if you don't try you will never know.

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