orfoster vs Natwest

[hedgey06]

Looks like you'll be opening your cheque on Saturday morning then!! Seriously, I can't see them taking it all the way - don't worry, you'll be fine. xxx

[orfoster]

Thats what i've been thinking but they aren't half cutting it close. but I will update you, will still send in witness statement etc just to do it properly. Thanks for the reassurance

[hedgey06]

Don't worry hun, just make sure that you get everything in on time with the courts/cobbetts. At the end of the day, they're not going to do likewise!! You're nearly there now and it must be absolutely nerve-racking even though you've done everything spot on, but get a glass of wine and relax, cos your cheque'll be with you before you can nutty west!! Take care, best of luck, and fingers crossed for you. Hedgey xxxxx

[steven4064]

they aren't half cutting it close

That's Cobbetts for you

 

Steven

 

If this post is helpful, please click the scales

Any opinions are without prejudice & without liability.

Almost everything I know concerning the law I learned from this site

[orfoster]

Cheque arrived for full amount this morning by special delivery. Wasted Costs Order Submitted and case discontinued, i will await a response from the judge.

[steven4064]

Laura

 

CONGRATUALTIONS!

 

Steven

 

If this post is helpful, please click the scales

Any opinions are without prejudice & without liability.

Almost everything I know concerning the law I learned from this site

[orfoster]

Costs order for £299 and discontinuance letter submitted into the courts on Friday so will await a response from them. It was the same to a few i've seen on here already so will wait and see where i go with that.

[seen the light]

well done laura ,

 

how did you manage to get a cheque , do you not have an account with nat west any longer ?? i rejected their offer but they wanted to pay it into an account and i wanted cheque.

 

i am keenly monitoring people who get refunds by cheque as they are adamant they don't refund in this manner even though i know they do.

 

well done again

 

stl

[orfoster]

Yeh have an account with NatWest. When rejecting the offer i indicated i only wanted it made by cheque otherwise i wouldn't stop the court claim. Its your claim not theres but is that because you are overdrawn and they want to settle your debt in which case you can still request a cheque but may be what they want to do.

[orfoster]

If on someones agreement there is no date what so ever on the form after doing a CCA request not below my signature or anywhere printed on the copy. Does that mean the agreement is void as you wouldn't be able to confirm when the debt was etc??

 

On the 2nd page it says "For the National Westminster Bank PLC (Manager)" then a blank box where there should be a signature and there isn't one.

 

What does all this mean? Does the CCA state it must be a dated agreement? No where does it mention any date what so ever.

[hedgey06]

Hi orfoster,

 

I'm not sure about this. You may get a more informed response in the general debt forum. Have you checked the information on CCA's in the debt forum?

[orfoster]

Hi everyone,

 

I have a claim going with NatWest about PPI.

 

Have been sending Prelim letters asking for it all back + interest.

 

This is what NatWest have offered and the amount left after the offer.

[orfoster]

Total Amount repayable on Insurance £4,941

Interest on the Insurance £1,957.92

Total Amount of Insurance + Interest is £6,898.92

 

Natwests Offer

 

Amount to be taken off the outstanding loan = £3,500

This would leave a difference of £1,440 and they say in the circumstances they are prepared to refund £720 into the bank account as gesture of goodwill.

 

Total of Natwests offer = £4220

NatWests offer is only based on the original premium of £4941 and does not include any interest.

 

What is the next step? Do I accept the offer above and pursue the rest through the FOS or court?

 

The outstanding amount on the insurance plus interest is £2678.92

[alanfromderby]

Assuming this is a fixed term, fixed repayment loan, and the PPI was missold, and the whole amount plus interest was front loaded onto the loan, then you are entitled to have the full amount refunded - plus interest at 8% per year, from the date the agreement started.

[orfoster]

I didn't realise the 8% can be added onto the PPI before court.

 

So I guess I now refuse their offer or accept it in part settlement then ask for the full amount to be refunded and interest @ 8% from the date of the agreement, they will refuse so I will need to make a claim with the Ombudsman im sure.

[alanfromderby]

It depends how you approach it - the FOS may not push the 8% so you are really in their hands. A court will back up the 8%, on the basis that you have been deprived of that money and are entitled to recompense.

[hellhasnofury]

Total Amount repayable on Insurance £4,941

Interest on the Insurance £1,957.92

Total Amount of Insurance + Interest is £6,898.92

 

NatWests offer is only based on the original premium of £4941 and does not include any interest.

 

What is the next step? Do I accept the offer above and pursue the rest through the FOS or court?

 

The outstanding amount on the insurance plus interest is £2678.92

 

Hello Orfoster,

 

Do you know how much interest they actually applied to the ppi premium.

 

On a premium of £4,600 they applied interest at 8.9% for ten years on my loan. This resulted in them applying a total of £4,094 interest to the ppi premuim, When the disclosed this to me, that is when they paid out.

[orfoster]

Thanks for your reply.

 

No I don't know how much interest they applied to the PPI premium.

 

On the agreement it says

Interest on the Insurance £1,957.92

 

So would that be it in total or is something hidden?

 

Do you think I should send them a letter asking them to disclose the interest on the PPI?

[orfoster]

How would I get them to disclose the Interest on the loan. The loan was taken out on the 8th December 2006 and the Annual Percentage Rate is 10.5%.

 

They say in their agreement that the Interest on the loan is £1,957.92 so is this correct or is there more that is applied to it??

 

Help Im getting confused now.

[alanfromderby]

If it is a fixed term loan then that is the interest you were charged. You can then add 8% p/a on top of £6898.92, from the date the agreement started until the day they settle.

 

Was the loan a fixed monthly repayment - or did it vary.

[orfoster]

No its always been a fixed monthly repayment.

 

Thanks for that. by the looks of it Natwest haven't even taken into account the interest that was applied to the PPI and although the loan isn't finished yet they have still already charged it so it all needs to be returned.

 

I will get deep into it all later on hopefully but how many of the PPI cases taken through court are getting to court or are they all settling out of court?

[alanfromderby]

I am not aware of any that have gone to court as yet - and believe me I have been trawling caselaw for weeks to find one. LOL

[orfoster]

http://s1001.photobucket.com/albums/af135/orfoster/

 

Is the above agreement enforceable?

[IdaInFife]

sorry but the image is too small,

 

can you make try half and half to make it bigger?

 

ida x

[exasperated]

Hi,

Try using photobucket this way....

 

Scan the document onto your computer saving it on the desk top or another file where you can find it. Then go to the image and open with paint, using the 'rubber' in paint shop remove all your personal details including the loan number etc, anything which can be tracked back to you.

Go to photobucket.com and click on the image to open it. There will be four boxes of link codes so you may share the image with others and the one I use is the IMG code. You need to copy this code in its entirety and then paste that code onto your thread here. When you preview your thread it should then change from a load of letters etc to the edited CCA

Hope this helps and don't forget to edit all your personal info

Exasp