Jump to content
  • Tweets

  • Posts

  • Our picks

    • Hermes lost parcel.. Read more at https://www.consumeractiongroup.co.uk/topic/422615-hermes-lost-parcel/
      • 49 replies
    • Oven repair. https://www.consumeractiongroup.co.uk/topic/427690-oven-repair/&do=findComment&comment=5073391
      • 49 replies
    • I came across this discussion recently and just wanted to give my experience of A Shade Greener that may help others regarding their boiler finance agreement.
       
      We had a 10yr  finance contract for a boiler fitted July 2015.
       
      After a summer of discontent with ASG I discovered that if you have paid HALF the agreement or more you can legally return the boiler to them at no cost to yourself. I've just returned mine the feeling is liberating.
       
      It all started mid summer during lockdown when they refused to service our boiler because we didn't have a loft ladder or flooring installed despite the fact AS installed the boiler. and had previosuly serviced it without issue for 4yrs. After consulting with an independent installer I was informed that if this was the case then ASG had breached building regulations,  this was duly reported to Gas Safe to investigate and even then ASG refused to accept blame and repeatedly said it was my problem. Anyway Gas Safe found them in breach of building regs and a compromise was reached.
       
      A month later and ASG attended to service our boiler but in the process left the boiler unusuable as it kept losing pressure not to mention they had damaged the filling loop in the process which they said was my responsibilty not theres and would charge me to repair, so generous of them! Soon after reporting the fault I got a letter stating it was time we arranged a powerflush on our heating system which they make you do after 5 years even though there's nothing in the contract that states this. Coincidence?
       
      After a few heated exchanges with ASG (pardon the pun) I decided to pull the plug and cancel our agreement.
       
      The boiler was removed and replaced by a reputable installer,  and the old boiler was returned to ASG thus ending our contract with them. What's mad is I saved in excess of £1000 in the long run and got a new boiler with a brand new 12yr warranty. 
       
      You only have to look at TrustPilot to get an idea of what this company is like.
       
        • Thanks
      • 3 replies
    • Dazza a few months ago I discovered a good friend of mine who had ten debts with cards and catalogues which he was slavishly paying off at detriment to his own family quality of life, and I mean hardship, not just absence of second holidays or flat screen TV's.
       
      I wrote to all his creditors asking for supporting documents and not one could provide any material that would allow them to enforce the debt.
       
      As a result he stopped paying and they have been unable to do anything, one even admitted it was unenforceable.
       
      If circumstances have got to the point where you are finding it unmanageable you must ask yourself why you feel the need to pay.  I guarantee you that these companies have built bad debt into their business model and no one over there is losing any sleep over your debt to them!  They will see you as a victim and cash cow and they will be reluctant to discuss final offers, only ways to keep you paying with threats of court action or seizing your assets if you have any.
       
      They are not your friends and you owe them no loyalty or moral duty, that must remain only for yourself and your family.
       
      If it was me I would send them all a CCA request.   I would bet that not one will provide the correct response and you can quite legally stop paying them until such time as they do provide a response.   Even when they do you should check back here as they mostly send dodgy photo copies or generic rubbish that has no connection with your supposed debt.
       
      The money you are paying them should, as far as you are able, be put to a savings account for yourself and as a means of paying of one of these fleecers should they ever manage to get to to the point of a successful court judgement.  After six years they will not be able to start court action and that money will then become yours.
       
      They will of course pursue you for the funds and pass your file around various departments of their business and out to third parties.
       
      Your response is that you should treat it as a hobby.  I have numerous files of correspondence each faithfully organised showing the various letters from different DCA;s , solicitors etc with a mix of threats, inducements and offers.   It is like my stamp collection and I show it to anyone who is interested!
        • Thanks
        • Like

anyone help pleeze ..... !!!! NEAR PRIME MORTGAGE HELL .!!!!


Please note that this topic has not had any new posts for the last 4506 days.

If you are trying to post a different story then you should start your own new thread. Posting on this thread is likely to mean that you won't get the help and advice that you need.

If you are trying to post information which is relevant to the story in this thread then please flag it up to the site team and they will allow you to post.

Thank you

Recommended Posts

Hi

 

Hope I can get some help from this site ............ We are with redstone mortgages at a rate of 8.45% for an interest only mortgage. I thought I had cracked a new mortgage deal through a broker but was HORRIFIED :eek: to find out that the deal was through beacon home loans. When the paperwork came through guess who the direct debit is payable to .:confused: The fees for a 6.3% discounted deal are £2000 plus we pay our own legal and survey fees !!! to stay with the same lender !!!! I don't think so....

 

Are there any other near prime mortagage lenders left . I ran my own credit report . Any defaults were in 2003 . We have 2 ccj registered . One for £200 which I will have to inform the courts that the account was paid up to date last year. The other one is for £227 registered against us last year. On the whole it doesn't look that bad. So I am hoping to get a decent mortgage rate and NOT with redstone........

Link to post
Share on other sites
  • 2 weeks later...

Hi Bona

 

phoned charcol and they were fab. They are in agreement that I will clear the outstanding CCJ ( under £200 ) and have the other CCJ marked as cleared before I apply for a remortgage. I have to give them a ring back in August which is plenty of time as we have till beginning of October. It will look better when they do a credit search but they said they could def find a remortgage for us. Hopefully a few months down the line there might be more deals available.......... :)

Link to post
Share on other sites

Hi Jake. Apart from the 2 CCJs mentioned, do you have any other adverse credit? Please also confirm the value (realistic) of your property and your current outstanding balance. I take it you are waiting until October to re-mortgage as your current mortgage scheme has a redemption penalty until this date? I am surprised your mortgage adviser did not recommend you clear this CCJs earlier as there are several near prime lenders whom will accept one cleared CCJ in the p[ast 12 months. Hope this helps.

Link to post
Share on other sites

Hi Mortgagetalk

 

Our house is valued approx £190000 , mortgage at present £121500

Our penalty is £6000 if we redeem before October. We have a few defaults on our credit file some are satisfied, 2 or three fall off in 2003

 

That leaves two outstanding but we have an arrangement where they are being paid off monthly . So the only thing that looks bad on our file are the defaults. The way the mortgage market is going I don't know if another high street lender would look at ?? :???:

Link to post
Share on other sites

Hi Jake

 

If you clear the latest CCJ then I cannot see a problem with it. Are the defaults on your mortgage or other commitments? Have you defaulted, paid late or not met your mortgage payments? If so when (month/year)and how many, and what is the current situation? If you have made all your mortgage payments, what are the defaults? Again, when, how many and how much. Who is your current lender?

 

MortgageTalk.

Link to post
Share on other sites

Hi Mortgagetalk

 

2 Defaults are for bank charges (2003)

 

One Default clydesdale bank amount £7000 default in 2003 balance now £4000. ( loan) have an arrangement to pay them monthly.

 

2nd default with clydesdale for mastercard not sure on balance left . Again default was in 2003.

 

Our mortgage was with amber home loans , then they securitized it and we now pay Redstone. Their administration system is dire.

 

As per credit file they have us as missing payments sept 2007 , dec 2007 and may 2008............ I have asked them to correct this and they have refused . I agree the payment for may was 5 days late but never missed as the credit report shows. I have yearly statement that shows all monthly payments made . It is so aggrivating as it looks so bad on the credit file.................

 

We are paying 8.45% interest only !!!

Link to post
Share on other sites

Jake

 

Thanks for prompt reply. I am just on my way out to see a client and will respond tomorrow.

 

Strangely, due to a fault on the office phones this morning, I had time to kill and visited a few web sites and found this one. I am happy to use my experience and knowledge of the market to provide generic mortgage advice. I suppose I should provide a disclaimer at the end of all my posts?

 

MortgageTalk

 

Please note I am commenting on posts in general and not providing individual mortgage advice or recommendation, which would require precise details of your circumstances.

Link to post
Share on other sites

Hi mortgage talk

 

You can do this on a permanent basis by adding it to your signature through your user CP.

All help is merely my opinion only - please seek legal advice if you need to as I am only qualified in SEN law.

Link to post
Share on other sites

Hi JAKE44, You will probably find that the lender you end up with ,will poss charge nr enough the same rate plus fees on top ,any chance of staying where you are till end of year reason is that you will then only have 1 arrear in the last 12mnts (may 080 makes a diff to the rates)

 

Manc1

MANC 1

 

 

PL.jpg

Link to post
Share on other sites

Hi Tiglet

 

Thanks for that advice. Being a 'newby' I have not had a lot of time to explore the site and do not want to break any Forum rules and regulations. However, I had no idea I could use my experience and knowledge to help others in such an easy way. I will make sure I use future tea breaks to good use. However, it will have to be generic advice as I am regulated by the Financial Services Authority, and as anyone would expect, I can only provide individual advice and recommendation once I have full individual details. Hence, my idea of a disclaimer. Does this make sense to you?

 

MortgageTalk

Edited by MortgageTalk
Link to post
Share on other sites

It certainly does - lots of people on here come from different backgrounds and have different things to offer.

 

These threads may help you too: http://www.consumeractiongroup.co.uk/forum/welcome-consumer-forums/107001-how-do-i-dummies.html

 

http://www.consumeractiongroup.co.uk/forum/forum-rules-please-read/9-forum-rules-please-read.html

 

Hope these help and welcome to the site!

All help is merely my opinion only - please seek legal advice if you need to as I am only qualified in SEN law.

Link to post
Share on other sites

Hi mortgage talk

was pleased to read your posts on this thread there are a lot of people who I think would benifit buy your advice without you breaking any rules I only can suggest Charcol who i had a personal link with ( not any more employee left ) who seem to be understanding I now they place with sub prime lenders but these companys are a fact of life and a long as people understand then they wll be fine I knowwe hear what a shower they all are but there are people who use them dont have aproblem and are fine they just dont seem to have any compasion for those who through no fault of there own hit problems

Link to post
Share on other sites

Hi Bona

 

I will certainly do my best to provide up to date generic mortgage related advice in these difficult times. Charcoal are a well established group and even though they are going through a period of internal instability, you should have no hesitation recommending them - but best to check if they are taking a procuration fee from the lender or taking the proc. fee and charging a brokerage fee.

 

Sub-prime has been an important sector in the mortgage market for the past decade - however, it just got a lot tougher both for sub-prime borrowers and for brokers trying to place this business.

 

MortgageTalk

Edited by MortgageTalk
Link to post
Share on other sites

Hi Jake

I take it your ‘arrangements’ with Clydesdale are actually IVAs? If so, have you maintained payments and what is the balance of your Mastercard? Are you saying your credit file shows a mortgage default for 09/2007 and 12/2007, when in fact these payments were made? If so, you can contact Experian/Equifax and request these errors be removed.

To sum up! If you deal with the CCJs (as discussed in previous post) and obtain certificate of settlement, correct credit file, maintain IVAs and, based on the limited available personal information and accepting affordability, I believe you should be able to obtain a Near Prime rate in October.

 

MortgageTalk

Link to post
Share on other sites

Hi Mortgagetalk

 

The arrangement is not an IVA. It was arranged through our local citizens advice bureau who wrote to them with an agreed monthly figure.

 

I tried to get redstone to remove the so called missed payments on our experian file. They said they couldn't. Would I need to send experian some form of proof that the payment was made ie bank statements or mortgage statement ? I feel that it is very misleading at the moment as it looks as if the payments were missed instead of a few days late !! think redstone have been a bit quick of the mark...........

Link to post
Share on other sites

JAKE , The big hurdle with these missed payments and the CRA (credit ref agencies ) is that they will not listen to us normal people , but act on the info provided by redstone , so you will be bashing your head against a brick wall, because redstone will not budge ( i know its a vicious circle ), hence my question in my earlier posts , can you stay put and keep your head above water for the next 8-12 mnths ,because that will help your case and obtain a mortgage with a decent lender.You do not want to end up out of the frying pan into the fire

 

Manc1

MANC 1

 

 

PL.jpg

Link to post
Share on other sites

Hi Jake

 

As Manc1 states, if Redstone are not co-operative then it is difficult to remove defaults from your file, although you can personally add a Notice of Correction – see Experian/Equifax website for details. Unfortunately, credit reference agencies are more concerned with selling credit files rather than with ensuring accuracy. The fact that Clydesdale accepted the proposed arrangement should count towards you maintaining the ‘said’ arrangement However, there are Near Prime lenders that will accept one missed mortgage payment in the past six months, which just fits your profile.

 

MortgageTalk

Link to post
Share on other sites
  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...