some good advice here to think about .

I have two bridging loans that were only £78,000 two years ago, but now they are asking for £180,000 to redeem. One is with Bristol & West Investments plc and the other with Easy Bridging Loans plc.?

The latter company charges you six months interest if you do are late paying the monthly repayments. This is more like a loan shark and this company was regulated for an year after I took the loan but has since withdrawn from the FSA regulations. The first one is still regulated by the FSA and has just increased its repayments.

Anna Sofat, IFA with AJS Wealth Management, said: On the face of it, this is just appalling. My advice would be twofold:

a) You make an official complaint about the terms and conditions of your loans. Both companies would need Consumer Credit Licence to operate and as from 6th April 2007, you will be able to complain to the Financial services Ombudsman (http://www.financial-ombudsman.org.uk).

Secondly, as Bristol & West Investment PLC is already regulated by the FSA, you can lodge a complaint now. The Ombudsman does require you to complain directly to the organisation first and then if you are not happy with the response to the Ombudsman service.

b) you get help in challenging the rate of interest you are obviously being charged and /or moving away from these companies. In this areas, its worth considering the Citizens Advice Bureau – they have money advisers through out the UK and help people to restructure their debt.

A decent financial adviser or legal firm should also be able to assist in assessing your original loan agreement vs what you have ended up. However, this is likely to cost you in fees

If the date of the agreement is after the 6 April 2007 then all the better

was it it taken out after this date?

JERROLD HOLDINGS LIMITED

JERROLD MORTGAGE CORPORATION LIMITED

BLEMAIN FINANCE LIMITED

FACTFOCUS LIMITED

PHONE-A-LOAN LIMITED

HARPMANOR LIMITED

MONARCH RECOVERIES LIMITED

SPOT FINANCE LIMITED

LANCASHIRE MORTGAGE CORPORATION LIMITED

SUPASHOW LIMITED

CHESHIRE MORTGAGE CORPORATION LIMITED

BRIAR HILL COURT LIMITED

GENERAL ALLIED PROPERTIES LIMITED

PROVINCIAL & NORTHERN PROPERTIES LIMITED

PRIVILEGED ESTATES LIMITED

PRIVILEGED PROPERTIES (NORTHERN) LIMITED

HEYWOOD FINANCE LIMITED

NORTH WESTERN PROPERTIES & DEVELOPMENTS LIMITED

BRIDGING FINANCE LIMITED

PROACTIVE BRIDGING LIMITED

CLASSIC CAR FINANCE LIMITED

HEYWOOD LEASING LIMITED

BRIDGINGFINANCE.CO.UK LIMITED

FINANCE YOUR PROPERTY LIMITED

AUCTION FINANCE LIMITED

MANCHESTER PROPERTY INVESTMENTS LIMITED

hi it was taken out in oct 2007 im going to see the solicitor now i will report back and let you know what he says thanks guys

Good luck JQ

good luck from me too and please let us know what you come back with.

just got back from the solicitors he said the charges are way too high he can request a breakdown for them and probably reduce then but he needs a copy of the original contract to see exactly what ive signed for before he can tell me if there is anything that can be done etc which is understandable.

Ive rang them 4 times requesting this even rang them today she said it normally takes 14 days to get it from their archive department i told her ive been waiting over a month all i got was "ill chase it up for you as sometimes it can take longer"

guess ill have to wait for the original contract

they wont send it

when you try to argue this they just deny that you ever made a request.

you have to know what you are doing and you rights or they will walk all over you

so now read the following and then look for letter templates regarding a section 77/78 consumer credit act request.

they have a lawful duty to comply if they don't then you don't have tho pay this or they cant add interest or charges until they comply with your request.

the have th comply in 12+2 days.

Credit Act 1974

get a folder, keep every thing together.

all letters sent to to these need to be sent recorder delivery and put a copy in the folder.

what i found that is hard to swallow when dealing with these people is that someone who is only doing a job but is so willing to blatantly lie for the company.

where are they're morals ?

Any update?

God, this makes awful reading. I am just about to redeem my loan with Blemain too..... so reading with sympathy and interest.

right guys sorry for the delay in replying i have still not recieved the original contract do you think they have something to hide?

As for the letter i wrote i got a reply from howard laddin ( dont have a copy of it to hand as ive gave it to my solicitors) but basically the add renewal charges were due to me not paying it off within the agreed 12 months term so every year they are charging me. Im going to find the template for section 77/78 consumer credit act request and send them this as my solicitors advice me to do this too.

hi does anyone have a template for section 77/78 consumer credit act request i cant seem to find it on the forum its asking me to register to view library posts? do i have to register again

Section 77/78 Request

As prescribed under Section 77/78 of the Consumer Credit Act 1974

To

Name of Lender: BLEMAIN FINANCE LTD

Address of Lender: Bracken House

Charles street

Manchester

Postcode: M1 7BD

We;

Name:

Address

Postcode:

Account/Loan Number:

We instruct you the creditor to supply a copy of the above Regulated Credit Agreement (if any), including any document referred to therein and statement of account under the legislation contained within Section 77 and 78 of the Consumer Credit Act 1974. I enclose the statutory fee of £1.00 as required per this request.

NAME (Account Holder 1): D.O.B.:

SIGNATURE: ………………………………………… DATE:

NAME (Account Holder 2): D.O.B.:

SIGNATURE: ………………………………………… DATE:

hi guys finally got my orignal contract through the post today

its dated 24.09.07

is there anything in particular i need to be looking at on this and also can some one recommend me a good law firm who will look through this for me to see if we can challenge it

i have noticed it does say at the bottom

the borrower has no right to of cancellation under the consunmer credit act 1974.the timeshare act 1992 or the financial services (distance marketing) regulations 2004. the lenders main business is secured lending and it holds a consumer credit licence no 187588 issued by the oft

does this mean im screwed?

hi guys not getting anywhere with this nothing but stress! does anyone know a good solicitors firm who has had some dealings with blemain?? i know cccl did but they no longer exist anyone else pleaseeeee?

I wouldn't bother with a solicitor unless you have legal insurance cover. But here's a tip. I was lucky enough to be able to redeem my Blemain loan recently but their figures looked too high. So I took a copy to Trading Standards. They wrote just one letter to Blemain and then my early redemption charges were waived completely; nearly £2000. This is roughly the amount I thought they were overcharging so I didn't pursue it further. But they then did send me a breakdown of the figures which they earlier had not done. Trading Standards cost nothing; you should be able to find them via your Council or Consumer direct. Good luck!

Kind regards, MG

hi guys just an update with this tried a few different solicitors wasted more money! some even want money just to look at it anyhow in the mean while i raised a complain with harpmanor in august 2011 they said they will write to me within 8 weeks. I recieved a letter on 16th Decemeber alongside the agreement and a statement showing how much money i had paid them in total which is £136,841.11. Also they had noticed some mistakes and incorrect charges to which they have refunded me £1725

My curent interest rate is 23.4% and since i have not paid my loan back in the agreed term (12 months) i have incurred renewal fees and keep incurring these until the load is redeemed in full! anyhow after borrowing £105k paying £136k back they now want another £100k to settle :(

i keep getting eviction letters and end up paying on the last minute to stay in my house!

After speaking with wp3 off here who is a great guy and also has dealings with this company and so do many others!

i phoned FOS to complain about all the charges etc the chap on the phone said they dont even know who harpmanor limited is!! Anyhow they are going to send me a letter and i have to send them a copy of all the paper work i have see what happens now! also will be approaching some other solicitors who have had dealings with blemain before

stressed out with this company!

hi i am having major problems with blemain finance. they appear to be completely unregulated

any luck or update?

no update tried everything and every angle possible but had no luck whatsoever had to sell my house to pay them off and now in rented accommodation thanks to these b******rds lost everything

jimmyq did you finally get a copy of the agreement and was it actually signed by the lender. Would be very interested in a copy of your agreement to assist my own case against them. Would like to say more but restricted at the moment as my case is going to appeal.