Hi all,

I am new to this forum, so please bare with me as I get hang of how it all works.

My story dates back to 2006, when I took out a secured loan with Blemain/Together finance for £25k.

This was to pay additional bills and to do some repairs on my property. I brought the property in 2003.

This was the first time I took out a loan,

I had no real knowledge of the best type of loan to choose,

which is why I did the loan through a broker,

who pass my application to a third party Loan Options,

who recommended Blemain finance.

They were both paid a commission at the start of the loan and that was deducted from the loan amount.

Blemain also added £2000 in charges for handling my application, so at the start of the loan I was already £4000 in debt.

My understanding from the start was this was a loan, but over the years it is now referred to as a mortgage, with added legal clauses such as remunerations.

None of this information was made clear to me at any stage of my application.

There is no way I would taken this loan if I knew the interest rate would be so high.

I am now paying more to this loan then my actual mortgage.

In the last 11 years Blemain has added charges to this loan for

building insurance,

Telephone calls,

Letters,

Arrears and court fees.

Yes they have taken me to court on 2 occasion to reprocess my property.

Each time adding extra charges to the loan amount.

I have recently had a audit done on the amount I have already paid Blemain and it totals to over £39k,

I still have 4 years left to pay off this loan.

I have been in financial hardship since taking out this loan, with very little to live on.

I have been to solicitors, law centers, etc, none them has been successful.

I can’t afford the monthly charges of this loan any more,

I am compelled to sell the home I lived in for over 33 years.

I recently asked Blemain for a redemption figure and they have quoted £46k to pay off this loan early.

I am horrified that they can charge such extortionate interest for a loan I took out 11 years ago.

If I pay the £46k redemption figure It would total £85k for a £25k loan.

How is this possible:???:

I would appreciate any advise or guidance from the forum.

Thank you!

Bdoubleu

moved to the blemain forum.

get an sar off to them

get all the statements.

so you batted away the 2 repo claims? well done

did you have building ins already with your primary lender?

you need to read a few thread here

though it might pay to avoid resources thread ...

dx

Thanks for your reply dx..

The repo claims are still pending. If I break the agreement made in court, they can still evict me from my house.

Yes I did have ins, as this is an ex council property. My insurance part of the service charges.

How do I move to the bellman forum?

You are in the blemain forum now

Yes keep up the payment set by the court

When was this?

Drop things like mobiles cards bright house down to £1

Thanx dx

The last court hearing was in May 2017

Do you have a copy of the original agreement and was it actually signed by Blemain.

Could you post the original agreement on here but obviously removing your own personal details including client account number.

My contract with another part of the group was declared unenforceable by a Judge but is still ongoing so I cannot say a lot at this point in time.

What you need to do is appoint a specialist solicitor used to winning cases against this group of companies.

Just be aware they do play dirty which has resulted in two sets of solicitors I had appointed being compromised.

Hello renewablejohn:

Am really sorry but I have just seen your message in my email by doing a search of the name Blemain. I can only apologise for not seeing your email before. I am not very good at navigating around the consumer forum site. I know its been a while, but how did your situation go with your case?

When I first received my agreement it didn't show a signature by anyone at Blemain, but later on a signature appeared and they said it was signed after because they needed my signature first. I do have a copy of the unsigned agreement.

My situation with Blemain is ongoing. I have been struggling to pay the monthly installments to Blemain, who are now trading under the name Together. I am planning to sell my home as I have no other alternative, as I am going deeper into debt.

I did an audit recently of what have paid Blemain since 2006 and it accumulates to £45000 for a loan of £25000. I asked Blemain for a redemption figure in December 2017 and they quote £47000. Am finding it really hard to pay £93000 for a £25000 loan, so right now am at stand still.

I recently got a letter from Blemain, which states that the monthly interest being added to my account is £510 . My monthly installments to them is £522 how is it possible that they can get away with charging such high interest.

I was considering taking Blemain to court (but this is costly) on the grounds of what the consumer credit act Section 140A, states, that if the relationships between creditor and borrow is unfair in favour of the creditor the courts could deem this unfair if creditor is lobbying high rates of interest on a loan or mortgage, and make a judgement against creditor. I not sure what to do really, in one sense I think it would best to sell and get rid of them from my life, but I feel cheated by this company and what they have put me through deserves a fight.

Sorry for my ranting but am sure you understand.

I look forward to your reply

Best wishes

Bdoubleu

bdoubleu

Well that is very interesting as the MD said to the court on oath in my case that the agreements where always signed prior to being sent to the customer and therefore mine must have been an oversight.

He also said on oath that there had never been any other cases where an agreement had been sent out unsigned.

Do you actually have a date when the loan company actually signed the agreement or when where you first notified that they had signed the agreement.

Do you have a clause in your agreement which states the agreement only takes effect once signed by the lender.

Mine did and it was clause 14 that made the contract unenforceable.

Renewablejohn

Thank you for getting back to me. I will check the agreement for clause 14 as suggested.

Are you now free from your contract agreement with Blemain now, and if you are what did you do?

I am planning to go to court as I believe I have a good chance, because the high interest charges Blemain has been levying on me. any advice would be appreciated.

https://www.consumeractiongroup.co.uk/forum/showthread.php?463780-Need-help-to-cope-with-blemain-finance(1-Viewing)-nbsp

a bit of a read sadly

Yes the contract itself was declared unenforceable by the Judge therefore in legal terms does not exist. However this judgement is legally incorrect according to barristers and should have gone to appeal. What I am left with is a judgement against me for restitution which has been calculated incorrectly and is subject to Appeal. The actual calculation of restitution has been clarified by the court subsequent to my judgement and exposes the miscalculation in my case and will form the basis of my appeal.

Is there any recent updates with regards together?

On 22/10/2018 at 15:59, bdoubleu said:

Renewablejohn

 

Thank you for getting back to me. I will check the agreement for clause 14 as suggested.

 

Are you now free from your contract agreement with Blemain now, and if you are what did you do?

 

I am planning to go to court as I believe I have a good chance, because the high interest charges Blemain has been levying on me. any advice would be appreciated.

It might not be clause 14 that was just the number on my agreement. I have seen another agreement where exactly the same clause is numbered clause 18. Obviously with the wording being the same my case will also be applicable to that case.

Hi Renewable John,

No am not yet free from my contract with Blemain,, but like you I am about to take them to court for the unfair treatment and high interest charges they are levying against me. I've had enough of them that's for sure!!

What was the date of your agreement. I presume its a regulated agreement being 25000. If so have you had statements from them every year so that they comply with CCA2006.  Can you remember the date that the Lender signed the agreement ie gave a signed copy to you. Does it have a date next to the lender signature.  The high interest rates is a bit of a non starter as they will argue your loan is a bridging loan even if its not which justfies the rate.

I am about to fight Together Commercial Finance Limited in court for various reasons such as unreasonable penalty charges, unsolicited visits,  interest rates, and other misdemeanours.  This is an unregulated mortgage so the outcome of the trial will hopefully set a precedent for many others who are victim's of these and other unscrupulous sub prime lenders.

I will keep you informed. 

Off topic posts removed.

Andy