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Mortgage Express appoint LPA Recievers Walker Singleton to scare tenants off!


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Thanks for the note Caro and mungos mum...

 

We will see how it pans out on Thursday and then in due course update everyone...

 

Molloy the so called idiot of WS getting very upset, think someone may have dampened his week :) oh dear! Wait until he gets his own taste of the medicine... I will prescribe it to him...

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Hi Folks

Just a quick update on the meeting a few of us attended yesterday.

I think it was a very informative meeting and having an M.P and a Barrister there certainly helped me to see things in a slightly different way.

Both the M.P & Barrister seemed quite surprised that the lender we were having the most problems with is MX...a company wholly owned by the British taxpayer.

The M.P did seem quite shocked at the level of corruption within both MX and the LPA receivers. We have asked him to try to find out from colleagues etc how much knowledge other people have regarding these matters.

He has put together a Bill (Secured Lending Reform Bill) to try to ammend parts of the 1925 Law of Property Act. If anybody is interested in knowing more about this or would like more info regarding the M.P then please send me a PM.

The Barrister was great, we have over the last few years met countless solicitors and Barristers, but this guy was different and unusually for a Barrister, quite human!

He really does seem to know about the 1925 Law of Property Act and gave us some of his thoughts on how we could get round some of problems...it's the first time for ages that we feel there may be light at the end of the tunnel.

There will probably be more meetings to discuss how we now take action.

If anyone doesn't want to attend meetings but does want to tell their story of how they have been treated by the lender &/or receiver then again let me know and I will pass your details on.

Obviously this is just a very brief update and is only MY opinion of the meeting, other people who were at the meeting may have different views.

Best wishes

Mungos mum

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Hello. I am just writing to let you know that I also had some buy to let mortgages with MEX. They were being looked after through an agent, who collected the tenants rent, but did not forward it to me to be able to pay the mortgages. They were mostly then 3 months in arrears at which time I started to get the rent sent direct to me and managed the properties myself. I arranged with MEX, after having told them what had happened, to pay the contractural monthly payment plus an additional amount to clear the arrears. They accepted this. I continued to reduce the arrears and pay the current payment for over a full year. All going nicely at least I thought. Out of the blue some numpty at MEX decides to play heavy. He wanted more money off the arrears, which I could afford to pay and unless I gave him a full income and expenditure for him to consider whether i could or not, he would apply the Law of PRoperty Act on all my BTLs. He did do this, they went to the receivers and they made a complete hash of things. However most of the properties are now in credit, arrears cleared, because another year has gone by with payments from the tenants. Can I have them back? no he said. The credit of the rent will be deducted off the oustanding mortgage.! They charged me the ususal £1000 added to the mortgage debt, other expenses and also the percentage off the rent for doing a rubbish job. So the outstanding mortage just got worse. Whereas if they had left it alone, they would have still got their money, the arrears would have been cleared, and the mortgage debt wouldnt be as big.

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Hi barbara

 

I'm sorry to learn that you too have been robbed by MX & their receivers but as you can see this kind of practice is rife amongst lenders and receivers, although from what I have seen MX are by far the worst offenders.

A bill is hopefully going to go through Parliament this year which will stop this kind of behaviour happening in the future, unfortunately it won't help the likes of us now.

Keep us posted on how you get on

Best wishes

mungos mum

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Hi All, I agree with Mungos mum the meeting was very beneficial and positive in taking steps forward... We need as many people as possible to step forward with their stories of their situations so that we can highlight the daylight robbery going on daily by the mob. Importantly we have to generate pubilicity and highlight this problem, this will not happen if we keep burying our heads in the sand so please speak out everyone ASAP. We must keep fighting them all the way.

 

Hi Barbara, I am very sorry to hear of this situation with yourself I am also in a similiar position, it is madness. Every lender I have dealt with we always managed to resolve and came to a plan to go forward but no not Mortgage Express who are hell bent on taking the properties regardless that they are not getting any worser and are in fact paying themselves off. But because the government want the money back these people want to sell ASAP regardless if you are in arrears or not. They have been waiting for the day they can appoint the LPA to legally rob the properties and get rid, theyre not bothered about covering the loan but writing off the rest and then expect us to come up with the shortfall.

 

I would have thought surely there is a leg we can stand on if there are no arrears but the law protects them so well hence the reason we need to pubicly highlight this problem so that we can get this bill being presented by the MP George Eustace passed and upheld. This will be a pivotal point to start protecting the consumers and the honest hard working individuals some form of protection from banks mistakes ie making losses causing taxpayers to bail them out.

 

Have you had to work with a portfolio manager who has continually fobbed you off over the year or have you only been dealing with them on the phone? Be careful with them because they are looking for weaknesses and excuse to not give you the properties back.

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I would have thought surely there is a leg we can stand on if there are no arrears but the law protects them so well hence the reason we need to pubicly highlight this problem so that we can get this bill being presented by the MP George Eustace passed and upheld.

 

I suggest that everyone writes to their MP and ask them to support this bill. http://services.parliament.uk/bills/2010-11/securedlendingreform.html

 

What's Best for You?

 

 

The Consumer Action Group is a free help site.

Should you be offered help that requires payment please report it to site team.

 

Alliance & Leicester Moneyclaim issued 20/1/07 £225.50 full settlement received 29 January 2007

Smile £1,075.50 + interest Email request for payment 24/5/06 received £1,000.50 14/7/06 + £20 30/7/06

Yorkshire Bank Moneyclaim issued 21/6/06 £4,489.39 full settlement received 26 January 2007

:p

 

Advice & opinions given by Caro are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

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Perhaps you should start a thread in the campaign forum.

 

What's Best for You?

 

 

The Consumer Action Group is a free help site.

Should you be offered help that requires payment please report it to site team.

 

Alliance & Leicester Moneyclaim issued 20/1/07 £225.50 full settlement received 29 January 2007

Smile £1,075.50 + interest Email request for payment 24/5/06 received £1,000.50 14/7/06 + £20 30/7/06

Yorkshire Bank Moneyclaim issued 21/6/06 £4,489.39 full settlement received 26 January 2007

:p

 

Advice & opinions given by Caro are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

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I admit it's not as well used as it could be but if peeps put a link to it in their sigs it might help raise awareness. I'll certainly do that.

 

What's Best for You?

 

 

The Consumer Action Group is a free help site.

Should you be offered help that requires payment please report it to site team.

 

Alliance & Leicester Moneyclaim issued 20/1/07 £225.50 full settlement received 29 January 2007

Smile £1,075.50 + interest Email request for payment 24/5/06 received £1,000.50 14/7/06 + £20 30/7/06

Yorkshire Bank Moneyclaim issued 21/6/06 £4,489.39 full settlement received 26 January 2007

:p

 

Advice & opinions given by Caro are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

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perhaps we should start a campaign ,concerning the activities of WALKER SINGLETON ,[/url]and their underhand tactics , firstly start with complaint going to their Parent Company who are by the way FSA REGULATED ,THIS IS ONE OF THE REASONS THE FSA cannot get involved with WS as they are not regulated ,but on the other hand the responsibility lied with the Parent Company BARBON INSURANCE GROUP who are part of the HSBC & lloyds Bank ...plot thickens

HomeLet

Letsure

Rentshield Direct

Cadogan Keelan Westall

Keelan Westall

BIBAlet

Deacon

FARR

Zennor

Cadogan Hanover Park

SaifInsure

TruckInsure

Plastech

Performance

CareAssured

Barbon Insurance Group Limited is owned by two leading banks, Lloyds and HSBC Banking Group and is authorised and regulated by the Financial Services Authority.

 

also another source for your complaints I suggest you to contact the UK member of the European Out-of-Court Complaints Network for Financial Services FIN-NET. Its contact details are the following:

http://www.financial-ombudsman.org.uk/finnet/index.html

 

You will find information on the retail financial services on the website of the Directorate-General (DG) for the Internal Market and Services of the European Commission on the following address:

http://ec.europa.eu/internal_market/finservices-retail/credit/mortgage_en.htm

 

You can contact the Internal Market and Services DG using the web submit-form at the following address:

http://ec.europa.eu/dgs/internal_market/contact/contact-info_en.htm

 

Patrickq1

http://www.consumeractiongroup.co.uk/forum/welcome-consumer-forums/107001-how-do-i-dummies.html

 

 

 

 

Advice & opinions given by patrickq1 are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional

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I also didn't realise that there is a campaign section, Thanks Caro

 

Probably why it's not very effective if peeps don't know it's there, but if you can get a thread going in there to encourage people to write to MPs to support the bill, I'll try and get it linked in the newsletter. I think it's due very soon though.

 

What's Best for You?

 

 

The Consumer Action Group is a free help site.

Should you be offered help that requires payment please report it to site team.

 

Alliance & Leicester Moneyclaim issued 20/1/07 £225.50 full settlement received 29 January 2007

Smile £1,075.50 + interest Email request for payment 24/5/06 received £1,000.50 14/7/06 + £20 30/7/06

Yorkshire Bank Moneyclaim issued 21/6/06 £4,489.39 full settlement received 26 January 2007

:p

 

Advice & opinions given by Caro are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

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hI ALL NOT SURE HOW FAR THINGS HAVE GONE ,I MAY HAVE BEEN MIS LED ABOUT THE ASSOCIATION OF ws AND bARBON, STILL HERE IS SOME BETTER NEWS FOR THOSE NOW DEALING WITH TEMPLETON'S

AS FOLLOWS

 

LSL Property Services has acquired Templeton LPA, a specialist practice of chartered surveyors based in Cardiff and Leeds, and operating nationally.

 

Templeton LPA, offers Law of Property Act receivership services to lenders with defaulting borrowers on buy-to-let mortgages.

LPA receivers are appointed by buy-to-let lenders where the borrower has defaulted on the mortgage and recovery is sought. The process enables tenants to remain in their homes, with the LPA receiver managing the property and receiving rent on behalf of the lender. This avoids the risks associated with a vacant property and enables it to be used for the benefit of lenders, borrowers, tenants and the community as a whole.

1x1.jpg

 

 

 

The Templeton acquisition enables it to provide lettings management and property disposal services to lenders across all of their product range.

Templeton LPA becomes a wholly owned subsidiary of First Complete and will continue to operate independently of LSL Corporate Client Department through its two offices.

Ray Hugill and David Burgess who are currently directors of Templeton LPA will remain in their positions. No jobs are at risk and the 36 staff of Templeton will continue to operate on a ’business as usual’ basis.

David Brown, commercial director of LSL Property Services Plc, says: “The acquisition of Templeton LPA, the acknowledged leader in its field, provides a further enhancement to the range of services we provide to our corporate clients. This is an important development for us, one that will be valued by our clients and business partners, and an additional revenue stream for LSL. We are pleased to welcome the team at Templeton LPA to the group.”

David Burgess, managing director of Templeton LPA, says: “We are delighted to be part of the LSL Property Services group and whilst we will continue to be run independently we are confident that working together with other parts of the business where appropriate will enable Templeton to provide enhanced services to our clients.

 

fsa registered so now you can forward your complaints to the FSA ,this is a crack in the door now its left open it will mean they have to investigate the practices of the LPA also if you notice some ex PWC AUDITORS are now in charge of LSL as you know they were the ones who sold of B & B ...

patrickq1

will be back on form in a week or so just recovering from illness ,but ime ok

http://www.consumeractiongroup.co.uk/forum/welcome-consumer-forums/107001-how-do-i-dummies.html

 

 

 

 

Advice & opinions given by patrickq1 are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional

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Wright & Wright Solicitors, has issued a warning to lenders, asset managers, Law of Property Act receivers and lettings agents that they may be unwittingly walking into a rent-back regulation storm post 1 July.

Whilst the impact on letting agents may be more immediate, the lack of publicly available information on regulation of the rent-back sector by the FSA means that many agents may be completely unaware that they could be committing a criminal offence by administering a SARB tenancy post 1 July.

The FSA has recently issued its near final rules on regulation of the rent-back sector outlining that letting agents who “perform functions such as collecting rent from an agreement seller are required to be regulated”.

Julian Sampson, partner at Wright & Wright, says: “Certain agents can be excluded from regulation by allying their business with a regulated SARB provider and this will work well for tenancies post 1 July.

http://www.consumeractiongroup.co.uk/forum/welcome-consumer-forums/107001-how-do-i-dummies.html

 

 

 

 

Advice & opinions given by patrickq1 are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional

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so i think you can see from above the LPA will have to register and be regulated

 

from the FSA REGISTER OF COMPANIES

Appointed representatives /

Tied agents

Basic details

Contact

Disciplinary history

 

Individuals

Names

Passports

Permission

 

Principals

Regulators

Rule waivers

 

Search again

 

 

 

Principals for:

 

422256 - Walker Singleton (Property Management ) Limited

 

Name Firm reference number Effective From To Barbon Insurance Group Limited 308724 14/01/2005 03/11/2010

Edited by patrickq1

http://www.consumeractiongroup.co.uk/forum/welcome-consumer-forums/107001-how-do-i-dummies.html

 

 

 

 

Advice & opinions given by patrickq1 are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional

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So now the FSA must act on your complaints

patrickq1

many thanks to the person who led me to this

http://www.consumeractiongroup.co.uk/forum/welcome-consumer-forums/107001-how-do-i-dummies.html

 

 

 

 

Advice & opinions given by patrickq1 are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional

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Thanks for this Patrick, so FSA should now listen to the complaints listed... Interesting...

 

I think its time to fire a load of complaints letters in the process to see if they are going to do anything...

 

The reponses I got from ICO, were along the lines of WS and MX have withheld info but we will not be pursuing any further... Fantastic for us arent they...

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Thanks for this Patrick, so FSA should now listen to the complaints listed... Interesting...

 

I think its time to fire a load of complaints letters in the process to see if they are going to do anything...

 

The reponses I got from ICO, were along the lines of WS and MX have withheld info but we will not be pursuing any further... Fantastic for us arent they...

 

Doesn't stop you pursuing this through the court chillin

 

What's Best for You?

 

 

The Consumer Action Group is a free help site.

Should you be offered help that requires payment please report it to site team.

 

Alliance & Leicester Moneyclaim issued 20/1/07 £225.50 full settlement received 29 January 2007

Smile £1,075.50 + interest Email request for payment 24/5/06 received £1,000.50 14/7/06 + £20 30/7/06

Yorkshire Bank Moneyclaim issued 21/6/06 £4,489.39 full settlement received 26 January 2007

:p

 

Advice & opinions given by Caro are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

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yes the FSA must now listen, i think if you phone them first and let them know that you have compiled a dossier concerning the LPA's , see what their reaction is , you need to speak to a senior advisor tho, Caro is correct it would be quicker to start a court action in order to gain the information you need , namely against Mortgage Express with the LPA as a hostile witness , showing you have tried to negotiate a settlement to no avail ,

i am reading a case concerning a ruling from Lord Denning ,will let you know ,it concerns the right to justice and fly's in the face of the POA and it will certainly hold sway that you are being denied the right to be heard so using lord dennings summing up and the human rights act ,you can take this to the barristors and ask them to look at this first .

patrickq1

i will right on here the lord Dennings speech .

http://www.consumeractiongroup.co.uk/forum/welcome-consumer-forums/107001-how-do-i-dummies.html

 

 

 

 

Advice & opinions given by patrickq1 are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional

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Hi peeps

 

We've had exactly same problem as chillin, ICO are 'toothless tigers'.

Having had a slap in the face when we took lpa to court for non compliance of SAR & judge not understanding the law then the ICO not wanting to know, it does make you really doubt the fairness of the legal system.

Sorry, having a bit of a wallow in self pity at the mo!

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hi MM, i thought you would have written to the justice secretary to complain about this inadequate judge and demand another hearing ,

still dont fret here is something to cheer you up... fore its kicked of the forum hehe

patrickq1

 

http://www.consumeractiongroup.co.uk/forum/welcome-consumer-forums/107001-how-do-i-dummies.html

 

 

 

 

Advice & opinions given by patrickq1 are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional

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