You can see a copy of the document I have down loaded on the mortgage forum and look under the heading early repayment charge down the right hand side.

Hi Cerberusalert Thanks for doing that everyone can now see it I hope that the info is useful for guests and cab members. As it clearly states in the doc you can repay your together loan at any time WITHOUT incurring any ERC ( early repayment charges)

The info is down in the right hand corner of the file I have uploaded earlier titled early repayment charge

Hi cerberusalert I hope I have put up the pdf file can anyone see the document I have put up please reply so i know i have done it right ta

img227.pdf

I have found a document that might help all those who have been charged ERC on Northern Rock Together Mortgages. On Northern Rocks own Together statement of what its going to cost charges sheet they send out with mortgage applications under the heading EARLY REPAYMENT CHARGE, it clearly states the following....... Together allows you to repay your loan in FULL OR PART AT ANY TIME without incurring an EARLY REPAYMENT CHARGE. It also states the following..... When you repay your loan in full, intrest will be charged up to and including the day on which the loan is repaid. I dont know how to put a copy of the document I have found on to the system for everyone to see. Maybe one of the site people can help me with loading the document on the system as I think this document is good grounds for getting everyones ERC charges back off Northern Rock.

Hi Ukaviator I hope some of this info can help everyone regard the Northern Rock ERC I have been looking through some of my old Northern Rock Mortgage documents on the ERC charges as I had a together mortgage and was charged an ERC of £18,000 In a document i have found dated 5th December 2001 it clearly states that if you are on a Together Mortgage with Northern Rock you can repay your loan in full or part without incuring an ERC early repayment charge. It also states when you repay your loan in full, intrest will be charged up to and including the day on which the loan is repaid. I dont know how to put a copy of the document I have found up on the system maybe one of the mods could help me with that so everyone can read it. This might be of intrest to all those who have been charged an ERC on there already redeemed mortgages by Northern Rock or perhaps are going to remortgage away from them. All those people who have been charged the ERC on Northern Rocks Together Mortgages when they were redeeemed might be able to reclaim all the ERC charges back that Northern Rock have charged to the mortgage account. This document I have found today clearly states the following under the heading EARLY REPAYMENT CHARGE on Northern Rocks own statement of charges. Together allows you to repay your loan in FULL or Part AT ANY TIME without incurring an early repayment charge I will ask a mod to explain how to put up the document so everyone can see it clearly, I expect i need to scan it in to the system but dont know how to

Thanks for the reply ukaviator Yes that is a very good point to make and I will be sure to use this in my defence in court on the 21st March 2011

I have asked my mortgage provider to send to me a copy of all the transactions data regarding payments and any fees etc they hold on my account to establish the dates they have been applied to the account. I will then cross check the statement against the perticulars of claim POC to see if they do match up.

Thanks caro I have thought about putting house on the market, but house is in negative equity. I also have a secound mortgage secured against the house for 28k with Blackhorse which was used for home improvments and consolidation of some credit cards some years ago. Blackhorse agreed to accept £20 per month until first lenders court date 21 march 2011, and then they said they would review my circumstance. I also run my business from home which is in decline with the construction industrie as it is at the moment no work in progress. My business bank account has now been passed onto recovieres department I was told yesterday.They said will write to me soon regarding this. I dont have any children but have a partner who is unemployed at the moment who has lived with me since I bought the house and is looking for work. It is through the recession that we are finding it financially difficult now and work usually picks up middle of march, but who knows if this will happen this year. I think this is why the first lender has commenced court action to recover monies and not giving us enough time for work to come in so we can get back to normal monthly payments. The first lenders know we are in negative equity as well, as prices have dropped on all property. The Property is worth about £180,000 now, but was valued at £225,000 when we re-mortgaged away from northern rock costing £18,000 ERC. If the judge gives first mortgage possession the secound mortgage company Blackhorse on 28k loan will not get anything I dont think, but this will depend on how much the property sells for I guess.

I have been reading through the claim form for possession of property sent to me by my lender Paratus Amc Limited formally Gmac RFC. Just noticed some payment date issues regarding the payments I have made to my lender over the past eight months. In section 12 of the particulars of claim Paratus Amc limited have said month of August and September payment was recived. Cumulative arrears of £400 Payment not recived for the month of October Cumulative arrears £855.70 I have a bank statment that shows a full payment being made to them and duly recived for the month of October, but in the statment shows no payment on the payment history sheet they have sent to me in the particulars of claim court papers. Would this be grounds for contesting the statement of truth where they have stated we believe that the facts stated in this form are true and signed. Can someone give me some advise please as i have a meeting in the morning with housing options regarding my situation.

Did you know that if your company does suffer financially during the economic ressession that working tax credit will be paid until the limited company becomes insolvent if you are a director. The rules are that while you are a working director you are still deemed to be working until the company is liquidated. You would then be able to claim JSA as a rule until work is found. Just thought I would pass this info on as this has happend to me in the past.

Thank you again silverfox1961 I will have a look at some other threads and try to find the info

Hi silverfox1961 Sorry to keep asking but would you ask one of the team members to take a look if possible at this thred. I remember a few years ago when I had some financial difficulties with Mechenzie hall debt collectors you helped me, got it all soughted out thanks from Monkeyface

Hi Pierrelejohn After reading your question on tax credits I believe that the tax credit award you recived is based on your previous years income you have declared. Your tax credit for year ending 2010 earnings would have been based on your previous year earnings ending 2009 you have declared. Your tax credit award for year 2011 will be awarded on your 2010 earnings you have declared. Your 2012 award will be for 2011 earnings and so on. The working tax credit award is usually worked out on previous earned income or declared estimated income from your accounts. The info and earnings you have declared for 2010 will be used as an estimated figure for 2011 payments until working tax credit recive your actual declared income for that year from your accounts records you send into them after your year end. You would not know the actual figure until you declare your accounts so the figure for future payments is usually estimated. Just bear in mind that if an over payment is made to you on estimated figures will need to be paid back out of future payments, Working tax credit find the true earnings figure when they recive your accounts for the full yearly income which depends on your year end accounts. If you contact WTC they are usually very helpful regarding working tax credit awards. They will already know your previous years income and working tax credit they have paid you from your previous years accounts. Hope this info helps

Hi dx100uk Have you had chance to look at the thred I started regarding house repossession in three weeks time. If this is not something you can advise me on would you be so kind as to ask another site team member to reply who can advise Many thanks

Thank you silverfox1961 it is very much appreciated I hope one of the site team can shed some light on the info I have typed in on this thred

Thanks for your reply and the info dx100uk Sorry about my typing

Hi silverfox1961 I have entered somemore info to this thred and hope that one of the mods can help with this. It seems to me that my mortgage company are not being reasonable in this case as they have notified my council that they are commencing re- possession due to the arrears on mortgage. I am worried that the council will see this as that I have made myself homeless if the judge gives my lender possession as I am in arrears with my mortgage payments to them. Can anyone give me any advise please only got three weeks to date of hearing.

I have received a letter today from leeds city council saying that they have been notified by my mortgage lender Paratus AMC Limited that they are seeking possession of my property due to arrears on mortgage of £2378 and added charges at £50 a month plus letter fees plus D/D fees on top of the whats owed on intrest only mortgage of £177305.00 they now say with fees £181009.98 fees are £3704.98. So they have charged another £1326.36 in arrears letters and charges. This has been added into the total amount of £181009.98 saying that I owe to pay them in settlement. They say this amount includes £337.25 solicitors costs. Dont understand the figures here? Can anyone put some light on this? Are my mortgage company allowed to do this as this could impact on me for elligability of getting re-housed by the council if the judge gives possession of my house to them and i am made homeless due to them adding on these charges. My case is due to be heard on the 21stMarch 2011 and the judge has not yet given his decision. So how can my mortgage provider tell the council they are commencing repossession if the judge has not ruled yet?

Bump

thank you silverfox1961 I will monitor the replies

Help is required as mortgage company Paratus Amc Limited have sent a letter claiming possession of my property. The court date has been set for the 21st March 2011 at 11.30am. The grounds for possession are based on mortgage arrears of £2378.62 over a 7 months period. I work as a company director and during the past 18 months work has come to a stand still in the construction industry. I sought advise from my accountant regarding the financial situation of the company and he has advised that the company is not insolvent yet but very near. I then sought advise from CCCS who advised me to go and sign on and claim JSA and look for work to try and create an income in other fields of work until the construction recovers. My claim for JSA went in on the 4th January 2011 I have not recived any money for mortgage intrest payment yet as JSA have told me I have to be claiming JSA for 12 weeks before they will consider the intrest payment towards the mortgage. I have been reciving £72.76 per week working tax credit and was advised to pay my other debits to creditors at £1 a month from this amount which I have done. My problem has been that my mortgage company would not accept my £1 payment offer for the time being towards the mortgage payment until my claim comes through from JSA towards mortgage intrest payment. They told me that I need to pay them the full amount plus something towards the arrears. This is impossible on the amount of working tax credit I get as I have another secured loan to pay as well each month who have accepted a reduced payment of £20 until the intrest payment comes through. CCCS have told me that from my budget plan my income is at the moment £278 per month my expenditure are £1,659 leaving a deficit each month of £1,381. I have sought advise regarding my possission as a director of the company and until it becomes insolvent I will still be paid working tax credit and then JSA. Because I have not got any money now as I have used up my savings to try and save the company as this has been my source of income for many years even though we have not made much profit it still provided an income until 18 months ago. I have already put application in for council house with my partner who also is out of work at the moment as we can not see us keeping the house under the current financial circumstances as we can not pay the amount that is owed and the current money owed is £182,000. The house was valued at £225,000 when we re-mortgaged away from Northern rock costing us £18,000 ERC (early repayment charge). At a guess these mortgage/Loan companies have had at least £60,000 of our equity over a 10 year period so far and now they are seeking possession as we have got into arrears through the economic climate. I would appreciate any comments or help please from anyone who has been in this position, thank you

Hi All I have been reading some of the latests posts regarding the underhanded MBNA and would like to ask if a mod can direct me to where I can find some answeres with miss sold MBNA payment protection insurance. I have already sent data protection act SAR to MBNA registered post but had no reply yet and the time is running out for them.They where deemed in reciving my letter 27th April occording to post master. What letter do I send to them if they do not reply?

Thanks rory32 It was around November 2002 when I had the dispute with Orange and they addmitted they had made a mistake to me on the telephone as I can recall, its such along time ago now and its hard to remember these things. Its only now since I recived the letter from MC that I have done some research on my credit file and I didnt even know I had a default let alone owed any money to Orange as they alledge. Off goes the stats barred letter to Mackenzie Hall in the morning. Many thanks for your help rory32 and I will post again if I get any more letters from MC, thanks to all who have posted on this thread the imformation has been very useful and hope I get a result with MC when they recive the stats barred letter.