How relevant is this meeting that is going to take place about Mortgage Funding 2008 to propose the termination of a swap agreement?? BARCLAYS News BARC BARC.L - Interactive Investor Sced

The annual accounts for Mortgage Funding 2008-1 plc of whom my mortgage is securitised with clearly states the following "The mortgages underlying the loans to originators are administered by Capstone Mortgage Services Limited on behalf of Mortgage Funding 2008-1 plc" Conclusive proof that they are pulling all the strings in my book!! Sced

Attached as requested. SPML Accounts 2006.pdf

Hi Ryde, I have added Capstones to my post with PML & SPML's so they are kept tidy in one place. Sced

Attached are the accounts for PML and SPML (as submitted to CH). Makes very interesting reading indeed. It is in both these documents that it very clearly states and of course confirmed by Amany's Signature that PML and SPML have NOOOOO Employees and they were all transfered to Capstone. This is further backed up by a zero figure for wages relating to staff. It also states that the company it looking to be wound down. Enjoy!!!!! Sced PML Accounts 2007.pdf SPML Accounts 2007.pdf Capstone Accounts 2008.pdf

I will try and upload the accounts later. I have found it documented in black and white that they have no employees and that all employees were transfered to Capstone. Surely this alone proves that they do not make any decisions like enforce posession and increase / add charges etc, etc. Sced

Hi All, Just taken a quick look at the accounts submitted for PML and SPML for 2007 and interestingly but not surprisingly it shows no employees and to confirm this they also spent nothing on wages. They definately show a fairly big decline from 2006. There is also a comment from the auditors stating that there is "uncertainty concerning the company being an ongoing concern". Sced

Hi, There are many companies that do line rental now and not just BT. People include:- Sky, Post Office, Talk Talk, BullDog, Etc. Just do a search on Google and you will find some. Hope that helps Sced.

Absolutely. just to give a little in sight. I had about £4k of original arrears that I quite happily put my hands up to. I need to do some calculating but I have either paid off all my original arrears or am very close to it (less than £1k). However with all the charges added including solicitors fees, litigiation management fees etc my arrears are actually more than they originally were. From my point of view their charges etc should not be classed as arrears and would think they are in breach of the suspended order against me as they must be using the extra I pay each month towards their charges. Or they do not know the definition of arrears. I definately remember the judge saying the extra is to be paid towards arrears. They cant have their cake and eat it im afraid.

Ryde, Once they start litigation against you and all the time it continues then they charge £115 per month (which they call a litigation management fee). So basically, all the time you have a suspended repo you get charged £115 per month. Sced

Mine was bundled with Mortgage Funding 2008. I originally thought it was Eurosail but our good friends wrote to me with the insurance bull**** and let the cat out the bag themselves lol.

I dont think this is bad news at all because they are not exactly fully up to date. I got my mortgage in 2007 with PML when they were still trading properly, so wouldnt expect there to be an issue with supplying account for this time. I do think it will be much harder for them to supply full accounts for 2008/2009.

In theory yes but in reality Preferred would put another director in place before its forced dissolution. Sced

Correct Ryde. Each company is treated as a seperate legal entity but enforcements can be made against directors which could possibly affect such companies. For example, if a director is prosecuted and no longer allowed to be a director then any company they are a sole director to would be dissolved. Sced

PML website has been down for well over a year now.

Indeed. My company's reg address is my accountants as it is in a high street and looks more professional than putting my home address. Sced

They used to be Clifford Chance Secretaries which are PML's company secretary. Therefore probably a false alarm on anything good coming of it. Just changed company names and addressed??

TMF CORPORATE ADMINISTRATION SERVICES LIMITED & TMF CORPORATE SERVICES LIMITED both work out of the same address on the same floor as the SAIL address for PML. Seems that the first one was only incorporated on 12/05/2009. Sced

Sail address for PML is: Pellipar House 1st Floor 9 Cloak Lane London EC4R 2RU Sced

Hi Ryde, An annual return is some basic info on a company and includes things like company registered address, name of directors, type of company, main activities, info about share captial etc. You can find some info on this here About Us - Guidance A full return is basically the full accounts for the year which include profit & loss, balance sheet etc. Basically it is a criminal offence to not submit the correct info to CH and the directors / secretaries can be prosecuted. The only reason I think that SPML/PML have filed annual returns is because it would not show them insolvent or in criminate them in anyway and just shows them as an ordinary company. On the other hand the reason their full accounts are so overdue is because they have something to hide, like they are insolvent. Its the full accounts that matter as this shows the figures. Info on full accounts can be found here Accounts and accounting reference dates ? GBA3 Hope that helps Sced P.S. As for your questions about knowing about prosecutions etc, I am working on this and will let everyone know in due course.

Actually how about NOT!!!! I was offered a mortgage by a high street bank for a good rate however my broker then decided to tell me that the lender changed their mind and the only available offer was to take PML. I wanted my house and if I didnt go with it then I would have lost out!!! I didnt have a perfect credit history but it certainly doesnt seem it would have stopped me getting a decent mortgage. I contacted the high street lender recently who clearly stated my mortgage offer was not turned down, they simply never received the full application back. Now because I trusted a broker whom I thought was looking after me, I now have a s**t credit rating and cannot even borrow £1 let alone re-mortgage. So for some and probably a good majority the following statement is crap. Sced

Thats the funniest thing I've seen all week. Infact all year lol

Reminds me of my youth when I used to send Pizzas and skip lorries etc to people I didnt like lol :D

Not sure if these will be of interest but attached are the 2006 blank application forms for a mortgage with PML and SPML. Probably of no use but you never know :-| Sced spml 2006 application.pdf preferred 2006 application.pdf

Ryde, Definately is the Hansard version i'm afraid. I just looked at the NAMV website and its the same version. How I got to look at the NAMV website, all I can say is where there's a will there's a way Sced