I took out a Blemain finance loan back in 2005 for £16.913.00 , secured against my property (it was actually a refinancing of a previous loan with First National Home Finance) .

I sold my property in Jan 2012, both the mortgage and the Blemain loan were paid off.

The interest on the loan was 12.2%

The final redemption payment to Blemain was for £23,253.36 in Jan 2016 and this was paid in full.

I got the SAR from them

i have a break down off all the charges.

Through out the loan I did have money problems,

looking at the breakdown of my account there is quite a number of late payments.

There's just a few things I could do with help on:-

Over the period of the loan I've been charged for:

Letters = £30 - £35

Visit = £100

telephone charge = £30 - £35

Monthly charge - arrears = £33 - £46

Dishonoured Receipt = £30 - £35

Default Notice = £50

Buildings Insurance = £85 - £184

Buildings Insurance Block policy Charge = £16

legal costs = £282

application to suspend legal action = £13

settlement figure fee sent to 3rd Party= £30

Court preperation fee = £53

court hearing fee = £13

land registry copies =£4

online issue fee = £100

Issue warrant for possession = £18

collections instruction = £176.25

Legal fees to HMCS = £150

Post - Legal monthly Charge 2 = £130 - £215

I did get close to getting the house repossessed twice, which is why i had to sell it quickly and under the market value.

Some of the above were charged multiple of times, others just a few,

All in all the total charges come to £5,865.50

plus there was a Broker fee at the start for £1,500 (this is not included in the £5,865.50)

1) I can't remember who I approach to get the loan, It could have been Blemain directly.

£1500 seems an awful lot,

do I need to speak to Blemain about that as it seems excessive.

2) Which of the above charges can I try to claim back for?

bearing in mind they did attempt to take me to court a few times fir monies owed,

this was during the time I was trying to sell my house as i couldn't afford to live.

3) I have downloaded the CIsheet (compoundinterest calculator) and entered all the charges.

Bearing in mind the loan interest rate was 12.2% APR what % do I put in the interest rate (Apr) column, is it the APR of the loan which was 12.2%?

I take it the sheet automatically works out the 8£ compound interest rate in the final column.

4) Is there a letter template to try to claim back these unfair charges from Blemain

Any advice would be grateful

Regards

Hello and welcome to CAG.

I'm sorry you haven't had any replies yet. I've flagged your thread for the site team to see if someone can help. Please bear with us.

My best, HB

http://www.consumeractiongroup.co.uk/forum/showthread.php?296108-Hot-news-for-anyone-who-has-suffered-mortgage-arrears-charges-irresponsible-lending-or-other-unfair-lender-conduct

you use the CISHEET but you cant reclaim legal nor broker fees

use their apr in cell d15

you should set the claim to date as the date you settled it.

you are entitled to 8% stat int using the statint sheet from that total on that settlement date.

reclaim letter is in the mortgage section of the library.

Hello and welcome to CAG.

 

I'm sorry you haven't had any replies yet. I've flagged your thread for the site team to see if someone can help. Please bear with us.

 

My best, HB

Thanks