Oscar, sincerely this works for you. But those in charge at BF are absolute theives and will prob end up getting their slice of you whatever you do to stop them! They are ****. Tracey Bailey. Gary Bailey. Henry Moser. Marc Goldberg et al should be ashamed of yourselves. You will need to do a lot of good to avoid going to hell.

£9000! they really are ****!

you're prob right - i'm unsure about this

don't quote me on this cos I'm prob out of date. £25,000 marks a bounday between what comes under the CCA and Full regulation - so Howard Laddin may be saying that they can still use rule78 if the loan comes under CCA.

fingers crossed it won't affect you - after all, what is costing them extra is sourcing new money to lend out rather than money they lent out years back. But who knows what this dubious operation will do.

'I think they will become more cautious on who they lend to and so write less business - which is good' Blemain adjusts LTVs - 17 September 2007 'But I also reckon they'll put up rates because of the increased cost of them getting money - which is bad.' Blemain Group raises rates - 24 September 2007 Jokingly I should be an analyst, but seriously I hope the 1% rate increase is new business only!!!!!

I meant Data Protection Registrar

I think it necesary to point out that the data comissioner at Bracken House in 1984 would have likely been prior to Blemain/Jarrold taking tenancy/ownership of BH. I think the building was once occupied by the council, so reckon unrelated. Some government body really needs to crack down on the likes of Blemain. Although this type of lending is less prevalent than in the US (8% compared to 20%) We (The UK) still need to act. The BoE has been funding the finance industry to reduce the effect upon our economy of the current 'credit crunch' - they may as well give a blank cheque to Henry Moser.

Great news Challenging! Happy for you. Also good to see a judge use common sense and also recognise Blemain's lack of morals. Good work.

Reports today said that those people who had completions in the pipeline would be helped out by GMAC RFC ( I think this is a good company - formed by General Motors I think ). Those already with Victoria wasn't mentioned, but seeing as the current problems are about a lender finding new capital streams, I would have those that those already with Victoria would continue to pay and finish off their loans. But to be perfectly honest, I really don't know! I'm sure they will contact their existing customers.

Hoping things go your way, good luck!

The recent 'credit crunch' caused by defaulting mortgages in the USA could bring Blemain to its knees. Already, because of this Victoria Mortgages has gone into administration and Kensington have closed their doors to new business. What lenders like this do is arrange a group of mortgages, lump them together and sell the bundle onto an investor. The mortgage payment interest being shared between both investor and lender. The thing is that because there has been so much defaulting in the US, no investor in their right minds is prepared to put their money in such a high risk investment. This means lenders like Blemain cannot find additional funds to write new loans. So what will Blemain do? I think they will become more cautious on who they lend to and so write less business - which is good. But I also reckon they'll put up rates because of the increased cost of them getting money - which is bad. Lets hope this affects them really badly, and also that the government acts and heavily penalises Blemain and others like it for behaving irresponsibly.

Hi Challenging, You are correct, the way they operate makes them **** in my eyes. Cheshire Mortgage Corporation & Blemain are part of same company (they operate from the same room). Hope things go your way on Weds.

Yeah, separate company. shame

Never heard of 'Prime Business Loans'. I would check with your solicitor to find out who they are. I have just checked, and there is no company registered with the FSA with this name. You really need to clarify who they are, its likely it is a limited company, perhaps 'Prime Business Loans Ltd' or could be a trading name, like 'John Smith trading as Prime Business Loans'. Either way, I wouldn't be giving money to a company for which I don't even know their trading name! Sounds dodgy. Whilst checking on FSA register, the list of authorised companies linked to Jarrold Holdings are: Blemain Finance Ltd Bridging Finance Ltd Bridgingfinance.co.uk Ltd Cheshire Mortgage Corporation Ltd Lancashire Mortgage Corporation Ltd Monarch Recoveries Ltd Phone-a-loan Ltd

Lancashire are the arm that does commercial secured loans. That part of the company was on the 4th floor?? and run by a hard-nosed bloke called Marc Goldberg. I never liked him. I think they did 1st and 2nd charges, so can't help you on yours. Other than point you in direction of the land registry. This is government run. For £3, you can get a copy of your property's title plan and register which will show all charges against it. Its actual name is OS1R, and also referred to as an 'Office Copy'. Land Registry : We guarantee the title to registered land in England and Wales and hold records for land ownership and interests. Interestingly, and possibly something that the land registry would like to know: when I worked there and did land registry searches as above, we all used the same log-on. The LR rule was that each person who used their system should have their own log-on (at a cost per user). The use of just one log-on ID was simply to save money. Not exactly legal!. There isn't a massive difference between a secured loan and mortgage. The only reason lenders lend on either basis is that they know the money they lend is safe. However what separates Blemain from say Natwest is that Natwest will repossess the property only as a last resort after having tried to work with you (responsible lending), whereas Blemain are actively eager to get their dirty mitts on YOUR home. ****. I could go on all night about this company. Strange thing is that they really liked me... certainly not reciprocated.

Just scanned over the earlier thread to see if you had spoken with OFT - I thought it would be them to regulate businesses that provide second charge loans. And whilst doing so, I see you posted a link to calculate APRs. Again, memory not the clearest but that was another thorn when i worked there. Calculations of APR vary from lender to lender depending upon which fees and interest rates they include, no doubt Blemain's calculation is as dodgy as their office toilets (which do not have running hot water eeugh!)

CMC are regulated because they are the part of the outfit that does 1st charges, BF do 2nd 3rd etc. Currently only 1st charge lending is regulated by the FSA. There are loads of trading companies in that building which all come under the group 'Jerrold Holdings', chairman & cheif exec is short fat man called Henry Moser - if you write to him, his office was on the 6th floor. If its blemain you want, I would get in touch with Tracey Bailey ( Group Underwriting Operations Director 0161 276 2426 ) Alternatively Duncan Abraham ( he was underwriting manager 0161 276 2432 ). I still have Tracey's mobile number! I would note that it was over 2 years ago when I sold my soul so this info may be out of date.

Thought you might like an extract of an email I have just received lol From: Paul Mackenzie ([email protected]) You may not know this sender. Mark as safe | Mark as unsafe Sent: 31 August 2007 08:07:38 To: *****@*****.**.** get a life arse ----- Original Message ----- From: Janice King To: paul Mackenzie Sent: Friday, August 31, 2007 9:06 AM Subject: Fw: ----- Original Message ----- From: *** ******* To: [email protected] Sent: Thursday, August 30, 2007 9:17 PM Janice, I have received an item of post from your company.

Not sure mate. In my opinion they don't do enough affordability checks. Especially for the self employed. They lend to people unable to work and solely on benefits. They do a lot of 'right to buy' mortgages for high rise flats. They don't make the customer aware that they could be liable for their share of council works like new windows. Also they lend on properties that no-one else will ( Waites, Orlit, Airey etc ) so you cannot remortgage to a prime lender when you realise a bunch of cowboys have secured a charge on your home. Unfortunately some of this is the fault of the broker rather than BF. The more people that see these threads before taking out a loan from BF ( or taking a job at their office on Charles St, Manchester! ) the better. If thats you RUN RUN RUN. I've not worked there for over 2 years, so don't know what their curent [problem] is, but I have noticed that one of their many pseudonyms "phone a loan" has gone and become a minor sponsor of my fav team Wigan Warriors. That annoys me.

Challenging; i do feel for you. Blemain are an outfit that should not (if it were up to me) be allowed to trade. They've enabled you to be in this awful position just to make a profit. Shylock from The Merchant of Venice comes to mind. I once worked there and regret it wholeheartedly.

Hi Guys. I have just joined CAG after becoming infuriated with what I was reading on a couple of threads about Blemain Finance . Chose my name well?! I used to work for BF for about a year. Shocking company, no ethics whatsoever, also not a good employer. I left a few years back and the main reason was I couldn't stand the lack of ethics to their customers. Now with a large multi-national who have been ethically trading 300 years, so happy. Tho it still winds me up and I don't even admit to having formally worked there - it embarrases me. Scumbags (at least the management)