Swift Advances. Secured Loan Charges reclaim

[Sparkie1723]

Good morning all,

 

Swift Advances plc do not hold a Consumer credit licence. I believe this may give them great difficulty in pursuing debts, but I'm researching that.

 

Best wishes

 

 

Dougal

Sorry evryone I was hoping against hope ...BUT I found out they do ...it took me a long while of digging and searching...but I found it ...so that's out of the intray....

 

Their licence Number is 0391618 and it is a full and complete one with two "minor mistakes" on it

 

Apologies for misleading folks. But we have some more ammo in transit at the moment ...which could be very interesting.

 

sparkie

[42man]

Completely agree Sparkie.....if they are saying THEY pay brokers fees and then claim back this against tax, then i'd say this could be a highly questionable practice.....very interesting...

[Sparkie1723]

The exact words from their Directors report says

 

" Fees and commissions payable mainly relate tp broker amortisation. This increased to 19.2m in 2008 (2007 £14.7) reflecting the growth in the loan book".

 

English dictionary meaning ....payments of debts or liabilities.

 

[EDIT]

sparkie

Edited December 14, 2009 by alanfromderby

[Sparkie1723]

Just spotted a VERY VERY interesting entry also..now get this

 

" The company has entered into interest rate cap contract to provide a hedge against increases in interest rates"

 

This means that they are completely out of order increasing our interest rate on the agreements to "refelect the cost of their borrowing" the cost of their borrowing never goes up...because their interest rate is capped /fixed.

 

What about that then folks???

 

sparkie

[Sparkie1723]

I have just told most of this to my solicitor.....................he nearly fell off his chair and said that is "Manner from Heaven" to him ....he's got straight on to it doing some serious investigating..Heavy stuff he said:D:D:D

 

sparkie

[Sparkie1723]

Am sending all this latest info off to the Treasury Select Committee for the personal attention of John McFall the chairman

sparkie

[Sparkie1723]

Hi 42man.

I'm getting puddled in my old age

 

sparkie

Edited July 10, 2009 by Sparkie1723

[Sparkie1723]

Wrong post sorry

sparkie

[overdone]

This is what it says in the Directors report of Swift Advances Plc 2007 to 2008 accounts lodged with Companies House.

19.2 million was paid in fees and commission to Brokers

This completely contradicts what Mark White ( who should change his name to "Cilla's" stage name BLACK") said under oath in my Court case, that Swift do not pay commission to Brokers.

 

regencycommission3 picture by overdone1 - Photobucket

 

Well my brokers (Regency) did not declare a commission had been paid to them until after the deal was signed. My letter (R/D) to Regency, dated 12 May 2009, about the amount, to confirm, was never replied to.

 

Two days ago I wrote to Swift for a refund of two payments, each of £135 for title indemnity Insurance. (R/D). They have not replied yet but I wanna see how they wriggle out of that.

Edited July 10, 2009 by overdone
clarity

[pkelly]

also are connected with each other, in fact all are in the same Building and are linked through the directors

 

Swift Advances Plc Arcadia House 01277-359420

Companies House

Registration Number: 1800474

 

Swift 1ST Ltd. Arcadia House 0845-074-8811

Companies House

Registration Number: 5020019

 

Kestrel Holdings Ltd. Arcadia House 08450-748811

Companies House

Registration Number: 5055802

 

Kestrel Acquisitions Ltd. Arcadia House Tel ????

Companies House

Registration Number: 5055827

 

Kestrel Loans No 1 Ltd. Arcadia House Tel ?????

Companies House

Registration Number: 5143638

 

Kestrel Loans No 3 Ltd. Arcadia House Tel ???

[Sparkie1723]

Back on Brokers fees that Swift say in their Directors report THEY PAY THEM at least they have claimed them back off the taxman.

 

I have therefore written to HMRC and asked them to get clarification as to the complete breakdown of fee they have paid to brokers and commission they have paid to brokers what percentages to what brokers ..i.e the list of brokers names and the sums paid and on what dates.

 

Its all very well Swift saying to us borrowers we are not giving you documents such as underwriting sheet title indemity etc etc ...lets see them tell HMRC you are not seeing this or you are not seeing that:D:D

 

What folks must realise is the impact on all the loan agreements Swift have out if they have claimed our brokers fees as a tax concession.........everyone is void because of unlawful transactions on the agreement itself. You have paid the brokers fees and Swift have claimed to HMRC that they have paid them ....very very dodgy dealings afoot

 

 

sparkie

Edited July 12, 2009 by Sparkie1723

[Sparkie1723]

They claimed over 14 million in 2006/2007 and over 19 million in 2007/2008 so overdones, landys, and a lot of others can consider that their Swift agreementt could and most likely is void.

 

sparkie

[pkelly]

To whom it may concern.... hopefully you have googled this and came across a name you know, or one of your workmates knows something.

I am not into those friends united or facebook etc, here is just a few surnames of a few people I am trying to track and possible friends who worked at, still do, or even know some of these contacts,

I have a friend possibly already has been in touch with most of these contacts however if you think you can help sure give her a buzz on 07542391940 leave a wee message someone will get back to you

Rosenberg , Barwick, woolcott , Webster , Gateley, White, Strictley, Roach, Myers, Stubbs, Northern Trust Fiduciary Service Guernsey Ltd, Kestrel Holdings Ltd, Kestrel Acquisitions Ltd, Alchemy Partners Nominees , Alchemy Partners `Guernsey` Ltd , Kestrel Advances Ltd, Indico Capital IV Limited Partnership Sunny Lo Ingram, Slade , Ally Swift Advanves Plc, Swift 1st Limited, Kestrel Loans No 1 Limited Jumping developments ltd, just a few off the top of my head oh and `Sam` havent heard from you lately??

Edited July 12, 2009 by pkelly

[overdone]

They claimed over 14 million in 2006/2007 and over 19 million in 2007/2008 so overdones, landys, and a lot of others can consider that their Swift agreementt could and most likely is void.

 

sparkie

Just noticed on my letter from Regency Brokers that the commission they receive was decalred to me about 3 weeks before the mortgage was completed. I signed the original agreement 5 weeks before the mortgage was completed. Therefor, regency notified me about their commision after signing. This does, I understand, affect the legal standing in my favour?

Edited July 14, 2009 by overdone
clarity

[Dougal16T]

Back on Brokers fees that Swift say in their Directors report THEY PAY THEM at least they have claimed them back off the taxman.

 

I have therefore written to HMRC and asked them to get clarification as to the complete breakdown of fee they have paid to brokers and commission they have paid to brokers what percentages to what brokers ..i.e the list of brokers names and the sums paid and on what dates.

 

Its all very well Swift saying to us borrowers we are not giving you documents such as underwriting sheet title indemity etc etc ...lets see them tell HMRC you are not seeing this or you are not seeing that:D:D

 

What folks must realise is the impact on all the loan agreements Swift have out if they have claimed our brokers fees as a tax concession.........everyone is void because of unlawful transactions on the agreement itself. You have paid the brokers fees and Swift have claimed to HMRC that they have paid them ....very very dodgy dealings afoot

 

 

sparkie

 

Hi Sparkie,

I like your style, BUT will HMRC give you the info you want? Is it not privileged information and therefore protected?

 

I am not sure of the position HMRC are in at his point and was hoping you could help me?

 

MY own thoughts/track concern Mr Matthew Payne, and I am sure that a correctly worded letter to the SRA (Solicitors Regulation Authority) may well give him some long deserved ( and I am sure unwelcome) investigation.

 

What do you think?

 

All the best

 

Dougal

[sweetjane]

In today's Guardian Richard Alderman new Serious Fraud Office Chief is quoted as saying he insisted there was no complex fraud he would shy away from, and that the SFO was already very focused – in combination with the Financial Services Authority and the Serious and Organised Crime Agency – on the lightly regulated hedge fund industry. Hopefully this will extend to companies like Swift.

[Sparkie1723]

Got some good news today re reporting to serious crime squad..........there will be things aready afoot with them, in the near future!!!!!

[Doc2527]

The SFO site makes for some very very interesting reading.........and the powers they have are mindblowing.

[pkelly]

Got some good news today re reporting to serious crime squad..........there will be things aready afoot with them, in the near future!!!!!

good on ya mate pity they would not contact someone in our wee group, we know a lot they dont could you suggest this

[sweetjane]

Got some good news today re reporting to serious crime squad..........there will be things aready afoot with them, in the near future!!!!!

 

 

Great news Sparkie. It's getting hot hot hot!!!

[Dougal16T]

Evening all,

 

As an ex Police Officer would you anyone like me to make the initial approach to the SFO?

 

I would be honoured and delighted to start the ball rolling.......

 

Best wishes to all

 

 

Dougal

[pkelly]

Evening all,

 

As an ex Police Officer would you anyone like me to make the initial approach to the SFO?

 

I would be honoured and delighted to start the ball rolling.......

 

Best wishes to all

 

 

Dougal

I am all on for that, could not be better, we would trust you no problem

Edited July 14, 2009 by pkelly

[landy_alert]

Evening all,

 

As an ex Police Officer would you anyone like me to make the initial approach to the SFO?

 

I would be honoured and delighted to start the ball rolling.......

 

Best wishes to all

 

 

Dougal

 

 

Hi Dougal:)

 

That sounds like a great idea - count me in!

 

Regards,

 

Landy x

[Jules55]

Has anyone had any sucess it getting swift to remove/update to "0" some late payment history where the account has been settled a few years back?

[overdone]

Just noticed on my letter from Regency Brokers that the commission they receive was decalred to me about 3 weeks before the mortgage was completed. I signed the original agreement 5 weeks before the mortgage was completed. Therefor, regency notified me about their commision after signing. This does, I understand, affect the legal standing in my favour?

Does anyone remember the piece of case law where a judge says, commission to a broker, is a conflict of interest? Also, another case where the judge defines where "Secret Commission" applies? I want to write a letter to Swift to try and reclaim this, because I think I have a case. I think I found it. Post 494.

Edited July 15, 2009 by overdone
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