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    • We initially raised a complaint with the finance company who told us that as its over 6 months the consumer rights act won’t apply and we would need to provide evidence of the problem being there at purchase. As we have only just got the report from Mercedes we haven’t been able to submit this within their 14 day timeframe. Is this not the case then? Thanks
    • The previously little-known Chinese-American businessman’s fortune was transformed by the British taxpayer through 11 government contracts worth approximately £4.3bn for lateral flow tests (LFTs) made in China and sold by Innova. Charles Huang says contracts generated $2bn (£1.6Bn) profit   The government fast-tracked the company after its British representatives sent a direct email to Dominic Cummings, the chief adviser to the then prime minister, Boris Johnson, in July 2020. And, a Guardian investigation has found, the fast-tracking of Innova was supported by the then chancellor Rishi Sunak’s team at the Treasury. Innova became for a period of at least four critical months the only company authorised to supply rapid Covid tests in the UK, despite scores of others developing similar kits. At the time, the government spending watchdog raised concerns   Boss of US firm given £4bn in UK Covid contracts accused of squandering millions on jets and properties | Coronavirus | The Guardian WWW.THEGUARDIAN.COM Exclusive: Rishi Sunak’s team helped fast-track deal with firm founded by Charles Huang, who says contracts generated $2bn profit  
    • Welcome to the forum What makes you think that ?   Andy
    • We purchased our Mercedes in September 2023 from Doves in Horsham for £21000, paying half cash and half on finance. We also purchased warranty for life via Ramp as recommended by Doves. On 12th May 2024 the car failed to recognise the key and wouldn’t not open, the AA could not identify the problem so via our warranty the car was taken to Mercedes in Croydon. After 3 weeks the problem was finally identified as water ingress in the drivers side footwell which has corroded and blown various components. After further investigation it was discovered the windscreen was date stamped 2019 (all the windows are 2018 - therefore not the factory fitted windscreen) The leak has developed due to incorrect sealant being used assuming when this was replaced and also water leaking from the seam. The warranty company do not cover water ingress so we are now faced with a bill of £3635. As we are now at 8 months since purchase (problem started at just over 7 months) we are not covered by the consumer rights acts. Would we be covered Sale of Goods Act? We have all the reports for the works being completed but unsure if this should be taken to the finance company or Doves who we purchased the car from. Do we pay for the works and then try and claim it back or should they be paying? Any help would be much appreciated
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      On 15/1/24 booked appointment with Big Motoring World (BMW) to view a mini on 17/1/24 at 8pm at their Enfield dealership.  

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      The next day, 18/1/24 noticed amber engine warning light on dashboard , immediately phoned BMW aftercare team to ask for it to be investigated asap at nearest garage to me. After 15 mins on hold was told only their 5 service centres across the UK can deal with car issues with earliest date for inspection in March ! Said I’m not happy with that given what sales team advised or driving car. Told an amber warning light only advisory so to drive with caution and call back when light goes red.

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    • We have finally managed to obtain the transcript of this case.

      The judge's reasoning is very useful and will certainly be helpful in any other cases relating to third-party rights where the customer has contracted with the courier company by using a broker.
      This is generally speaking the problem with using PackLink who are domiciled in Spain and very conveniently out of reach of the British justice system.

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      One of the points that the judge made was that the customers contract with the broker specifically refers to the courier – and it is clear that the courier knows that they are acting for a third party. There is no need to name the third party. They just have to be recognisably part of a class of person – such as a sender or a recipient of the parcel.

      Please note that a recent case against UPS failed on exactly the same issue with the judge held that the Contracts (Rights of Third Parties) Act 1999 did not apply.

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      It would be very nice if the parcel delivery companies – including EVRi – practised this kind of thing as well.

       

      OT APPROVED, 365MC637, FAROOQ, EVRi, 12.07.23 (BRENT) - J v4.pdf
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Bridging Lender gone bust!! Who do I pay back??


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Hiya,

 

We have a bridging loan that is due to be paid back this week but I have been trying to contact them for over a week and cant get through...I have made enquiries and it appears that they have gone bust.

 

I am a bit confused as to who I pay back now? Shall I wait for the administrators to contact me and ask for the money? Prob the debts owed to the company will be sold and I will have to pay the new lender back but what happens in the meantime? I am a bit confused about where I stand, I dont want to ens up having to pay extra interest that i cant afford.

 

Any advice will be great!

 

Thanks

 

Karen :)

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Guest Old_andrew2018

I feel you you contact the administrators and send your offer of repayment via the Royal mail special delivery next day

 

Andy

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You need to be prepared to pay when you are asked because your original contract will probably have details of the interest rate applicable if you go over the term.

 

However, it is not your problem to chase them down under these circumstances. Chances are it may not be all their own money they are lending and the financial backers will soon be on the case. It may well be a high street bank or similar.

 

Make sure you stand your ground when they come after the money it is not your fault if you end up paying late so do not let them add additional costs to recoup any monies they are probably going to lose in this situation.

 

For a bridging company to go out of business suggests that they do indeed use major funders for most of the money so it will not be long before they are in touch.

Hope this helps

Pedross

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As it's not the OP's fault that they may go over the redemption date they will not have to pay an increased rate of interest only the agreed interest for the term of the loan In the meantime I would suggest they pay any funds into a easy access interest bearing account in order to offset any future charges..........that's assuming you can find one of course

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I just realised who it is, they went into administration last week. They are part of quite a big operation and get funding from Barclays.

 

The administrators are Price Waterhouse Coopers and no doubt they will be in touch shortly.

 

Don't worry they will let you know what you need to do.

 

Pedross

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Thanks guys...was palnning on putting the cash in the bank and waiting for the call/letter. Wasn't sure if it was my responsibility to find the main lender or if I would incur extra charges as a result.

 

Thanks

 

Karen

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  • 3 weeks later...

HELP ME!!!!

 

I found out who the administrators are and have contacted them, they put me in touch with my original lender.

 

They gave me a redemption figure for today but my solicitor said we cant complete on the new loan till Wed next week. The lender wants to charge me £5000 in fees to complete 3 working days late!!!!!!!!!!!!!!!!!!!!!!!!

 

They are in administration and I couldn't contact them for 3 weeks, the redemption date was 22nd Oct but if I completed today (17days late) it would have been 42K now they want 48K.

 

My solicitor is off today which is prob why he said that we couldn't complete!!!!!

 

HELP ME PLEASE....I am going to have a breakdown!!!!

 

Karen

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I know!!! I have read the loan agreement and it states that they

 

 

"A Facility Fee of 1.75% per Month of the Loan amount

outstanding from time to time. This fee is payable for so long

as all or any part of the Loan remains outstanding and will be

added to your account at each Monthly anniversary of the

completion of the Loan and will be payable by you on final

settlement of the account. However, we will waive our right

to collect the Facility Fee if during the lifetime of the

Loan you are never more than 14 days in arrears with

any Monthly Payment, repay the Loan no later than 7

days after the end of the Term and otherwise comply

with the Conditions of your Mortgage."

 

They are in administration and we couldn't get hold of them for 3 weeks but they are now deciding to collect the facility fees for the whole loan....where do we stand with them being in administration? I think they should think themselves lucky that we are coughing up at all nevermind trying to sqeeze an extra 5k out of us.

 

I am so stressed about this and now have all weekend to wait before we can sort it out! :confused::evil::?

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