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iconoclash

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About iconoclash

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  1. I too am trying to track down these two companies and have read a court case in 2013 where the judge gave the liquidators permission to dispose of all the data for SPPL. Neutral Citation Number: [2013] EWHC 2485 (Ch). Ascenden responses merely provide the address of the liquidators to customers wanting SPPL info etc, despite the court letting them junk their files. What hope is there with this going on. It seems the courts think that individuals are only fishing either directly or through claims business' yet some of us have very real complaints about serious administration errors on their contracts, mis-selling et al. SPPL were actively selling mortgages over the telephone to customers with small secured loans, converting them into first charge mortgages, so selling between themselves.
  2. Hi - I am in a similar position so posting in this thread, just let me know if it has to be moved - ta. My repo order is six years old also, arrears were capitalised but I fell into small arrears last year and a suspended eviction order was granted. I am curious now as to what the position is regarding the old rep order and whether the lender will require a new application to enforce in its own right, yet, the eviction order (suspended) seems to be reliant upon the repossession order. Hope that is making sense. Therefore any applications for warrant should fail, provided the homeowner has the information and with the option for lenders to move directly to court there is an issue in this procedure for homeowners. ?
  3. I have all the data and think I need a good solicitor now as I have tried everything else already and I know I'm right about the wrong doing on their part, they cannot be allowed to simply print money like this, where this is no term or condition that states that legal fees can attract interest - and since those were the basis of their additions to the mortgage balance I would love to see them show a judge what they are relying on here. Onwards me thinks..
  4. hi - I am really stuck with this, I had legal costs added to my mortgage (past repo attempt) but they were above what the court allowed, eventually I got them back by going to court but they remain on my balance attracting interest. The mortgage company say I should have given them the money (about £1,500) but it was not actual money, it was charges they added. I asked the legal firm the mortgage company had used to take me into court originally, to show that the mortgage company had actually paid out the amount they had not - the legal firm had charged the right amount but the mortgage company elevated the costs, as they do. I am still stuck wondering what I can do about the additional £12-15k they will have made out of me for interest on that 'notional money'. Any ideas as the FOS don't seem to understand. There is no agreement that covers this and they are now saying it forms a new loan but I cannot understand how when they caused all the problems by trying to adding fees unlawfully. thanks in advance.
  5. Hi - I am not sure where I stand in the matter of my late mother's estate. In her Will it is stated that jewellery is to be distributed to the family, however it is a year later and I have heard nothing further from my sister who is acting as executor. The last I heard was that some of the family had decided to give back items to those who had given them including more distant relatives rather than just the beneficiaries of the Will. In this case several daughters. I am at a loss as to what to say or do with this situation. Any advice most welcome. thanks
  6. I don't recall the details sufficiently - think I had a small loan that I paid off then later on another, and had a larger one later that was repaid early when I re-mortgaged etc., I had a joint loan on my joint account too, I do remember that, so I'm gonna write to the branch and try for the rest of the details and have another look in my attic. Looks like it's gonna be a long haul
  7. hello again - thanks for reading this. This is HSBC, who have said in their letter from Sheffield office that "this office acts as a co-ordinator to collate any personal data held... ....we are unable to answer any questions relating to the operation on your accounts, please refer to your local branch" I am thinking I need to make a list of the accounts, loans and PPI's, which is of course what I wanted to see in this SAR data, it is not at all clear from their reams and reams of printouts. It appears that the calculations for the PPI redress relate to one loan only and as I do not have the CCA's for the loans, nor loan statements I am struggling. HSBC are saying they are not required to keep these docs for that long. Should I write to the branch?
  8. hi and many thanks for that - I have read that thread and it has also now alerted me to the fact that the bank really did a number on me. refused to do anything about the extra charges added to my account whilst disputing the ppi refund made me take the refund in the form of payments to other creditors only paid the lump sum ppi without interest, although they have sent me a fancy sheet of calculations about early repayment penalties, total premiums paid separately to loan(?) loss plus 8%. The loan started in 2002 and there is another document stating that protection expired in 02/07, the redress calculations state that 26 premiums are refunded. This is too confusing as even the cost of the insurance doesn't match. Maybe it is another ppi I am not aware of I had 4 or 5 loans over several years.? I will try to figure it out and come back. It seems I can show a high level of unfair treatment.
  9. "Complaining about charges is a waste of time, the court case several years ago ruled they were not unlawful and fos will not consider complaints about the matter. Unless you're in serious financial hardship and even then it would only be out of pure goodwill." Hi - have you seen this case?? http://www.dailymail.co.uk/news/article-2763083/Victory-bank-charges-open-payout-floodgates-Court-backs-customer-hefty-overdraft-fees.html I am hoping this will help me.
  10. 5 -> if there were any charges applied to the account which were triggered purely as a result of the above PPI then they should be refunded too along with any contractual interest charged on them and the 8% calculation as mentioned above. Hi - I am interested in this bit here about charges during PPI claim as I had a lengthy dispute with my bank on the same issue but they refused to refund costs that I incurred whilst they prevaricated, in the end they made a goodwill gesture offer of £100 but I rejected that. I am thinking I should raise this with them again as I wasn't really sure how to challenge it further. Seems there is a good reason why I shouldn't just accept that situation. I was in financial hardship for a few years and sent my DWP letters to the bank but they continued to refuse settlements for over a year using the test cases as their reason for delaying, as I recall. I also note that they have not provided me with any loan statements or full data on my 3 accounts, latest letter says that I have to ask my branch for any data relating to the accounts themselves and the rest has come from head office??
  11. Hi - I am stuck trying to work out my former PPI redress. I have recently received my old paperwork (from a SAR) and I note calculations provided for PPI against a bank loan. This was a single lump sum added to the loan. However, the bank appear to have calculated premiums etc, rebates and early settlement sums and come up with a figure that is exactly the same as the lump sum added at the start. I am wondering how that can be correct if I paid interest on the PPI with the loan and both ran their full term. The bank had previously debated at length as to whether they would even accept the claim but did eventually make redress in 2008, now I am re-visiting this matter and checking all accounts and other loans with the bank but in the meantime, am I right in thinking there is something wrong with the redress calcs? thanks
  12. Hi - I can't find an answer on this question so thought I'd post it up here - hope to shed some light on this. If a sub-prime lender keeps applying for eviction where they have a suspended repossession order, and they do this immediately the monthly payment is missed or late - doesn't that mean that they are applying ahead of the default period of one month, since all mortgage payments are made in advance.? I thought you couldn't take anyone to court for future charges and the mortgage payment can't be listed as missed until the end of the month has elapsed. Secondly, if a lender/servicer changes it charging/accounting period to mid-month from end of month, isn't that then a change to a core term that is not allowed? I'm thinking that if this is allowed to go through, then the lender/servicer is then using that to go back into court sooner and avoids the protocols etc. Hope this isn't too confusing but I cant figure out how these lenders keep getting into court within the same month that a payment is due (in advance). Any ideas/thoughts welcome, thanks.
  13. Hi - starting point for me is finding out which charges were made and when and for what reason and then tallying those against 'other columns' to identify this process of theirs - also seem to recall that making arrears charges were banned in certain circumstances, back in 2009. All charges have attracted interest, some once, some twice of course..... "* The FSA last week included a ban on arrears charges when a borrower is already repaying, and ensuring firms do not profit from people in arrears among its reforms of the mortgage market." taken from The Guardian, 29 Oct 2009.
  14. Further information found that the FOS should be adhering to: © Protecting borrowers when mortgages are sold on 22. The CML supports the Treasury’s proposal and definition of “managing” a regulated mortgage contract. We believe that the purchase of mortgage books by unregulated entities does have the potential to cause detriment to their borrowers, which requires a regulatory intervention and extension of FSA scope. 23. However, it should only apply where those purchasers of mortgage assets can have a material impact on the consumer through day-to-day decisions on the interest rate, other charges, service levels and arrears and possession management. Alternatively, where purchasers have waived or delegated to their servicer or administrator the power to exercise these rights they should not be subject to regulation where the servicer is regulated for these purposes instead. 24. The principle that only one firm should be regulated as “manager” is paramount. 25. Moreover, legal advice should be sought to seek reassurance that the regulatory change to the statutory definition does not adversely impact on existing funding structures that require mortgages to be sold to a separate legal entity such as a special purpose vehicle (SPV) in the case of securitisation and limited liability partnership (LLP) in the case of covered bond transactions.
  15. Hi, a new one on me:.. . a company is 'running' my regulated mortgage; they write me letters, threaten me, harass me, take me into court in their own name, add their name to my mortgage deed, BUT, remain Unregulated themselves having purchased my mortgage. The position of the FCA is that they do NOT need to be regulated as they are working for another party who IS regulated. Hmmm - does that sound OK?? seems not it also appears that there are NO regulations about this in the UK where there are regs in the USA. Does anyone have any thoughts around this whether I should simply ignore this outfit and only deal with the actual servicing company hiding behind them because the more I deal with them the more I see that there is nowhere to go with any dispute I have with them. thanks
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