Swift Advances. Secured Loan Charges reclaim

[Tophat]

Hi Sparkie

 

You have been putting a lot of over time in, keep up the good work - it looks like you are near the last hurdle.

[sweetjane]

Hi SJ,

 

Any chance your accountants report could be sent to Mr Blocksidge at the OFT?

 

Regards to All

 

You betcha Marky

[lookinforinfo]

Sparkie, sorry to go on about this but you are still missing the point.

I know you say that Swift Finance [uk] ltd is a completely different company BUT why then does the FSA Register show Swift Home Loans as one of the companies controlled by Swift Finance [uK] Ltd?

Edited March 30, 2010 by lookinforinfo

[Sparkie1723]

Quote from LFI Post

 

The SPV does inform its investors

that the bank sold its legal title to the SPV (to whom, the right to register the legal title tothe mortgages is important). Consequently, the bank appears to be the legal owner, but it is not.

 

 

I put this in the exact form in the Defence at our possession hearing,

This is taken from the judgement summary summarywhat the Judge said about that

 

ME....The charge is improperly registered your honour

 

Judge Newman.... All right so it is an improper----Kestrel have sold it and its an improper charge

 

Me ....No Swift sold it to Kestrel

 

Judge Newman Yes, Swift sold it to Kestrel

 

He had not got a clue who sold what to who and he wasn't particulary interested all he wanted to do was bring the hammer down and get off home or something

 

Me.... Yes

I have got evidence that documents are tampered wth I have got evidence my loan was sold----

 

Judge Newman ...Why does that make it bad?

 

Me ...Its concealed your Honour its concealment.

Its concealment under section 2 of The New Fraud Act, concealing documents that were entitled to see is an offence your Honour....

 

He then goes on to say

 

You have raised an issue that Swift sold your loan to Kestrel. You seem to think that that creates some sort of defence. I'm afraid it does not They are entitled to sell it. It goes on all the time. It is a perfectly normal transaction. It happens with all lenders, secondary or primary in fact, from time to time. There is nothing sinister about it despite your belief, and it does not affect the title of Swift to bring this action because they are the registered proprietors of the charge.

 

You then allege that the charge itself is wrongly registered because the wording does not precisely conform to some guidance given by the Land Registry on their website.

I respectfully disagree with you. Had it not been registerable the Land Registry would not register it, ( the Land registry no longer chechk that an entry is correct they say if it isn't that's the chargors problenm not theirs if they slip up and make a entry that can't be enforced that is their hard luck) that is their duty. Once it is registered, once it is registered it is a matter that it is a registered charge and it is the presumption in law that it is an accurate document.

Only because Swift Advances Plc had not changed the entry in favour of Kestrel Loans No 1 Ltd I presented him with the accounts showing that they had sold them

 

You charge people with false statements but you don't bring any evidence forward for that today. I am afraid also that all these issues are effectively disguised issues which were earlier dealt with by Recorder Little in great detail, and I have read his notes of judgment by-

 

Me: Because I didn't have the information—

How could I have presented evidence of false statements at the previous hearing when it was in that hearing he made them and I only found out afterwards

 

DISTRICT JUDGE NEWMAN: They are disguised points raising the same issues again effectively. Recorder Little dealt with them. These are res judicata. They have been dealt with by the courts in the main and putting new words behind the same allegations does not make them new allegations. I am afraid that you really are at the end of the road on this one, , so far as this court is concerned.

 

 

Me: Your Honour, I couldn't make the allegations in the previous hearing because Mr White made the statements at the hearing. I have only been able to find out afterwards to make these allegations.

BUt They were all in the documents I placed before him which he didn't even bother to read.

 

 

I placed enough in front of him to cause doubt and that should have been enough for an adjournment

 

Talk about being stitched up :mad: The whole judgement is on all these similar lines

Edited March 30, 2010 by Sparkie1723

[lookinforinfo]

Sorry wrong thread.

 

LFI

Edited March 30, 2010 by lookinforinfo

[Guest takeiteasy]

Sparkie - a quick question - when you joined this group/thread were you here to help a friend of yours that was wronged by Swift? And then you subsequently had your own issues with Swift?

[Sparkie1723]

Sparkie - a quick question - when you joined this group/thread were you here to help a friend of yours that was wronged by Swift? And then you subsequently had your own issues with Swift?

 

 

I came on to help anyone and everyone.................All my problems I lay at the feet of the Royal Bank of Scotland dating back to 1998

 

 

sparkie

[Marky1701]

Hi All,

 

Just spoken to our little birdy to question when the interest rate was increased since I started my loan - I dont know the amounts of the increases yet I will get copy letters but if SC & Saprkie need it let me know - here we go -

 

March 04, July 04, Nov 04, Sept 06, Dec 06, Feb 07, June 07, July 07, Dec 07 - so just the 9 times!!!

 

Interesting to note the lady I spoke to (who was a rude and arrogant - probably the only type Swift can get to work for them) went to great lengths to advise me that increases are linked to LIBOR - as we all know - when I challenged her that if that is indeed the case, given that LIBOR is at an all time low why am I still paying 17%+ she then advised me that she knows nothing about the interest rates and how they work - I must have taken her outside the stock answer they are trained to give.

 

In a very stroppy voice she asked me 'Why was I asking for this information? - are you writing to someone?' - I answered simply that I was a customer and was entitled to know.

 

Lovely people all round are'nt they? Bless their little cotton socks

 

m

[Sparkie1723]

Hi All,

 

Just spoken to our little birdy to question when the interest rate was increased since I started my loan - I dont know the amounts of the increases yet I will get copy letters but if SC & Saprkie need it let me know - here we go -

 

March 04, July 04, Nov 04, Sept 06, Dec 06, Feb 07, June 07, July 07, Dec 07 - so just the 9 times!!!

 

Interesting to note the lady I spoke to (who was a rude and arrogant - probably the only type Swift can get to work for them) went to great lengths to advise me that increases are linked to LIBOR - as we all know - when I challenged her that if that is indeed the case, given that LIBOR is at an all time low why am I still paying 17%+ she then advised me that she knows nothing about the interest rates and how they work - I must have taken her outside the stock answer they are trained to give.

 

In a very stroppy voice she asked me 'Why was I asking for this information? - are you writing to someone?' - I answered simply that I was a customer and was entitled to know.

 

Lovely people all round are'nt they? Bless their little cotton socks

 

m

 

 

Now I wonder why she asked you "if you were writing to someone"? methinks they are being got at 8-) HOw come she went to great lengths to explain the links to LIBOR and then said she doesnt know anything about interest rates ....why mislead you into making you belive she did............must work in Mark Whites office!!!

 

sparkie

[lookinforinfo]

An interesting side effect of securitisation is that banks get paid twice when customers default on their payments.

The first is obviously when the customer gets ripped off for £25 or so in charges.

The second, though not so obvious is by the SPV. When the SPV buys the mortgage off the bank, the bank continues to take the monthly payments from the customer and sends it on to the SPV. In return, the SPV pays the bank for maintaining that account which would include an allowance in situations where customers had defaulted in some way.

No wonder that bank charges represented over 30% of their profits for some banks .

[busterg]

Marky just PM'd you

[lookinforinfo]

As many mortgages and loans are owned not by the banks, but by SPVs, it might be a reason why banks cannot come up with the original agreements as they do not have them.

[busterg]

You couldn't make it up could ya?

 

Im gonna wake up from this bad dream one day soon.

[Sparkie1723]

An interesting side effect of securitisation is that banks get paid twice when customers default on their payments.

The first is obviously when the customer gets ripped off for £25 or so in charges.

The second, though not so obvious is by the SPV. When the SPV buys the mortgage off the bank, the bank continues to take the monthly payments from the customer and sends it on to the SPV. In return, the SPV pays the bank for maintaining that account which would include an allowance in situations where customers had defaulted in some way.

No wonder that bank charges represented over 30% of their profits for some banks .

 

 

What I beleive what Swift Advances Plc are doing....they do what I have put to the OFT...... what I called and explained as a "reverse equity" deal..............they sell/transfer the Title Deed, ( a form of securitisation) to enable the Kestrel Companies to use to borrow money on their behalf from other Banks...........then "Kestrel" securitise again......using the title charges they have bought from Swift 1st Ltd & Swift Advances Ltd.

 

Swift Advance Plc keep the Equity side..... i.e the charges fees defaults etc etc etc ........this is shown by the fact that the two Swifties who were "mistakenly" supplied a computer account run off supplied in their SAR's showing Kestrel Loans No Ltd receiving the monthly payments loan payments and Swift Advances Plc receiving all the default and account running penalties charges......... one account we have showing over £2000 in default charges in just over 12 months..

 

 

Mr Webster has stated that they carry out an Equitable transfer..............they most certainly DO NOT

 

sparkie

Edited March 31, 2010 by Sparkie1723

[Sparkie1723]

Had an email reply to my copied e-mail to Mr Webster I sent to David Blocksidge at the OFT......it came from Anna Christy ....thanking me for keepinhg the OFT updated and my comments had been noted;)

 

 

sparkie

[busterg]

Had an email reply to my copied e-mail to Mr Webster I sent to David Blocksidge at the OFT......it came from Anna Christy ....thanking me for keepinhg the OFT updated and my comments had been noted;)

 

 

sparkie

 

Good effort Sparkie. It's hard work but it all helps. Thanks for all your efforts.

 

Infact thank you to everyone on this Thread.

 

I just wish I had something to say to someone. :lol: Anyone that knows me, knows how quite a person I am.

[Sparkie1723]

Good effort Sparkie. It's hard work but it all helps. Thanks for all your efforts.

 

Infact thank you to everyone on this Thread.

 

I just wish I had something to say to someone. :lol: Anyone that knows me, knows how quite a person I am.

 

"Secrets Baby" you just keep 'em to yourself

Yes you are QUITE a person ...definately Not a "QUIET" person:p:D:D:D

 

 

 

sparkie:lol:

Edited March 31, 2010 by Sparkie1723

[busterg]

"Secrets Baby" you just keep 'em to yourself

Yes you are QUITE a person ...definately Not a "QUIET" person:p:D:D:D

 

 

 

sparkie:lol:

 

Don't you and sc have anything else to do than pull me up on my spelling.

 

Going to play with my bone!

[Sparkie1723]

Don't you and sc have anything else to do than pull me up on my spelling.

 

Going to play with my bone!

 

 

That's a good girl doggie "buster".....g.

not your spelling but your description of how "QUIET" you are....no chance ......can't get a word in edge wise on the phone .........you go off like an out of control machine gun.....don't suppose a whale bone would last you long!!!!!:D:D:D:D:D:D:lol:

sparkie.....

[Smarterchick]

That's a good girl doggie "buster".....g.

not your spelling but your description of how "QUIET" you are....no chance ......can't get a word in edge wise on the phone .........you go off like an out of control machine gun.....don't suppose a whale bone would last you long!!!!!:D:D:D:D:D:D:lol:

sparkie.....

 

"Originally Posted by busterg

"Don't you and sc have anything else to do than pull me up on my spelling. :grin:

 

It's edge ways, sparkie, edge ways :D:D:lol:

[Sparkie1723]

"Originally Posted by busterg

"Don't you and sc have anything else to do than pull me up on my spelling. :grin:

 

 

It's edge ways, sparkie, edge ways :D:D:lol:

 

 

Sorry mate you don't speak "scouse" to a "scouser" its "edge wise" remember we are a long way from Buckinham Palace and the Queens english8-):D

 

 

sparkie

[Smarterchick]

Sorry mate you don't speak "scouse" to a "scouser" its "edge wise" remember we are a long way from Buckinham Palace and the Queens english8-):D

 

 

sparkie

 

 

Drat, wrong again!!

I must learn how to spell

I must learn how to spell

I must learn how to spell

I must learn how to spell

I must learn how to spell

I must learn how to spell

I must learn how to spell

I must learn how to spell

I must learn how to spell

I must learn how to spell

I must learn how to spell

I must learn how to spell

I must learn how to spell

I must learn how to spell

I must learn how to spell

I must learn how to spell :grin:

[busterg]

Drat, wrong again!!

I must learn how to spell

I must learn how to spell

I must learn how to spell

I must learn how to spell

I must learn how to spell

I must learn how to spell

I must learn how to spell

I must learn how to spell

I must learn how to spell

I must learn how to spell

I must learn how to spell

I must learn how to spell

I must learn how to spell

I must learn how to spell

I must learn how to spell

I must learn how to spell :grin:

 

Could be worse - could have a BSC in economics and still not be able to count.

[busterg]

Hi All,

 

Just spoken to our little birdy to question when the interest rate was increased since I started my loan - I dont know the amounts of the increases yet I will get copy letters but if SC & Saprkie need it let me know - here we go -

 

March 04, July 04, Nov 04, Sept 06, Dec 06, Feb 07, June 07, July 07, Dec 07 - so just the 9 times!!!

 

Interesting to note the lady I spoke to (who was a rude and arrogant - probably the only type Swift can get to work for them) went to great lengths to advise me that increases are linked to LIBOR - as we all know - when I challenged her that if that is indeed the case, given that LIBOR is at an all time low why am I still paying 17%+ she then advised me that she knows nothing about the interest rates and how they work - I must have taken her outside the stock answer they are trained to give.

 

In a very stroppy voice she asked me 'Why was I asking for this information? - are you writing to someone?' - I answered simply that I was a customer and was entitled to know.

 

Lovely people all round are'nt they? Bless their little cotton socks

 

m

 

Hey M

 

Why did they give you a rest in 2005? Must of miss filed you somewhere else for a time

[lookinforinfo]

Why did they give you a rest in 2005? Must of miss filed you somewhere else for a time

 

Between 2004 and 2007 the Bank of England has raised interest rates 9 times. In 2005 there were no increases-and just one decrease.

 

Then in Sep 2006 it went from 4.5% in a series of rises to 6.75%

in Dec 2007. Since then it has come down in several steps to 0.5%. It would appear that your interest rates do not come down. A very unfair relationship I think.