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DOC8207

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  1. Apologies for not understanding, but could you expand a little on what this actually means?
  2. Amber Homeloans have responded, advised they are not contractually obliged to justify how charges were incurred, and refused my claim for a refund of mortgage arrears and returned payment fees. I intend to now to make a claim via the 'Simple Procedure' in the Scottish courts which is the process to resolve disputes up to £5000. I've read various accounts on the forum of how people have raised claims via the English courts and have borrowed some of the wording used by others. The Scottish 'Simple Procedure' is very straight forward and they provide a user friendly form to complete which is free of legal jargon. Do my responses to the following questions look right in terms of raising this claim? My responses are in bold. Q. What is the background to your claim. In this section you should briefly describe the essential facts about the story behind your claim. You do not need to set out every detail of the story. You should focus on the parts which are important for you to establish your claim. A. I entered into a mortgage agreement with the Amber Homeloans Limited on or around X for the amount of £X. The Mortgage was settled on or around X upon the completion of the sale of the mortgaged property. The mortgage was subject to the Unfair Terms in Consumer Contracts Regulations 1999 (UTCCR) Amber Homeloans are statutorily bound by the Financial Services Authority Regulations - Mortgage: Conduct of Business Rules (MCOB) contained in the FSA Handbook, implemented under the Financial Services and Markets Act 2000 Amber Homeloans levied mortgage arrears fees and returned payment fees totalling £2030.07. These were added to the mortgage account and interest was applied. The charges were levied at a rate which exceeded their administrative costs. The level of charges were unfair because the breach the requirement of fairness contained in the UTCCR. The level of charges is also unfair because they are the result of unfair treatment by Amber Homeloans and therefore levied in breach of their statutory duty to treat their customers fairly contained in MCOB (section 12.5) For this reason, the interest charged on the unlawful charges is also unlawful. Q. If your claim is successful, what do you want from the respondent? A. I want Amber Homeloans to pay me: - £2030.07(charges applied to my mortgage account) - £1461.91 (compound interest on the charges applied to my account - calculated at average rate of interest between X and X - £1330.88 (statutory interest at 8%) - TOTAL - £4822.86 £0.43 additional statutory interest to apply each day until settlement of claim Q. Why should your claim be successful? A. These charges appear to represent an unfair term of contract which is contrary to the Unfair terms in Consumer Contracts Regulations 1999 (SI. 1999/2083) I believe their charges constitute an unfair penalty under Schedule 2 of Regulation 5 of the Regulations as they are disproportionately high fees. The charges levied far exceed any true cost to Amber Homeloans as a result of my breach and any genuine pre-estimate they could conceivably reach. The Financial Services Authority have ruled that it is unfair and thus unlawful to apply charges which exceed the actual administrative costs incurred. Q. What steps have you taken, if any, to try to settle the dispute with the respondent. A. I issued a letter of complaint to Amber Homeloans on 4th February 2019 asking them to refund all mortgage arrears fees including 8% statutory interest. I received a response on 16th February 2019 in which they declined to uphold my complaint, did not admit any liability, however, offered a goodwill gesture payment of £726.52. I declined their offer.
  3. Amber Homeloans have now responded to my letter of complaint. I claimed for all Monthly Arrears Fees (£1980.07) plus 8% statutory interest (£1320.86). They have stated that original fees are core terms of contract and and that they believe hem to be a reasonable estimate of costs incurred, listing activities that are involved with the administration of managing the account. However, as a gesture of goodwill they propose to refund £701.52 for arrears fees that were applied during months where a payment greater or equal to the contractual monthly payment. They state this is in no way an admission of liability on their part. My thoughts regarding next steps are: - I write to them to decline their offer - Ask them to refund the full amount of mortgage arrear fees and 8% statutory interest - Complete and include a copy of the Simple Procedure Courts Form for the Scottish courts to show my intentions - If they then fail to pay out, I shall send the relevant paperwork to my local Sheriff Court to initiate court proceedings against them Does this sound a reasonable course of action, or would I be better to accept their offer at this stage?
  4. Thanks. I've used the statint sheet as suggested. Letter sent to Amber Homeloans today so now a case of waiting before taking next steps.
  5. Just doing the CI spreadsheet just now. 2 questions: - is the 'Claim to' date, the date the mortgage was redeemed? - what do I put in the Interest Rate column when the rate varied over the claim period?
  6. I just tried to ask the template letter for mortgage arrears fees but don't have the necessary permissions. Do I need a certain amount of posts on the forum?
  7. No. Repossession proceedings did commence but were cancelled after I called them and agreed a payment plan.
  8. I went ahead with the SAR and received a large pile of paperwork in the post today! I've been through all the transactions and the fees amount to the following: 30/04/2009 Monthly Arrears Fee £680.07 07/08/2009 Solicitors Costs £623.44 01/12/2009 Solicitors Cosrs £339.71 22/02/2010 Solicitors Costs £323.10 30/04/2010 Monthly Arrears Fee £650.00 10/08/2010 Solicitors Costs £70.50 14/10/2010 Agents Costs £58.75 30/04/2011 Monthly Arrears Fee £150.00 03/01/2012 Rtd Payment Fee £10.00 30/04/2012 Monthly Arrears Fee £50.00 03/09/2012 Rtd Payment Fee £10.00 01/11/2012 Rtd Payment Fee £10.00 30/04/2013 Monthly Arrears Fee £300.00 02/12/2013 Rtd Payment Fee £10.00 02/01/2014 Rtd Payment Fee £10.00 30/04/2014 Monthly Arrears Fee £150.00 TOTAL - £3,445.57 Where do I stand in terms of what can and cannot be potentially reclaimed (if anything)? I fully appreciate the arrears were my fault so it really comes down to a case of whether the fees were fair and proportionate. The monthly arrears fees seem to have been applied annually and there's no breakdown as to how these were calculated on the transaction history.
  9. Thank you. I will go ahead with the SAR and take it from there.
  10. Hi all I had a mortgage with Amber Homeloans for approx. 8 years until 2017 and due to my own poor financial mismanagement, I incurred many fees for arrears, etc. Whilst I accept fault, given the time that has passed, is it still viable to pursue Amber for any excessive fees charged which were greater than the administrative cost to them? I am about to request statements from them in order that I can collate a list of charges, but perhaps it's not worth my while? Thanks.
  11. Finally managed to come to an arrangement with Wonga, although it was hard work! I took Nortel's advice from the post above and insisted I would only pay back the original loan plus one months interest by standing order. They were looking for £742 from me for a £200 loan but have now agreed to accept the £200 plus £66 interest over 2 months as full settlement of my loan. Thanks Nortel for your post above - I recommend anyone who is having problems with Wonga takes this approach.
  12. I have 6 outstanding loans. The largest is £742 to Wonga. This is for a loan around £225. I did nothing about this for some time before finally taking some action hence the inflated figure. The others are in the region of £150 - £300 outstanding - cash genie, speed-e-loans, 1month loan, microlend and perfect pay day loans. I am reading on here that only paying the loan and original interest is a tactic you can use. Given they are not reporting this on my credit file, am I in a better position for negotiating a fair settlement figure?
  13. I have several payday loans which I was unable to pay back on the due date and I am now in the process of paying each on off over a number of months. On checking my credit file today, none of these loans appear on it - is this the norm? Would they only appear here once if the debt was sold to a DCA? This may be a stupid question, but if they do not appear here, are they not currently adversely affecting my credit rating?
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