Important Announcement For Capstone Mortgage Services Victims

[enoughisenough]

THIS UPDATE HAS BEEN POSTED HERE

 

An Important Announcement for Victims of Capstone Mortgage Services Capstone Mortgage Services

 

The recent 'lazarus' like resurrection of SPPL has caused many to ponder its causes and significance.

 

As a former Lehman's entity Southern Pacific Personal Loans was effectively 'dead in the water.' It had filed no accounts since late 2006 (whatever latitude allows that I don't know) and had no directors. It was, it has been suggested, deliberately left to 'corpse' on account of some £55m inter-company debt owed to it by its parent Resetfan.

 

In November 2009 a campaign was started on the Consumer Action Website by one poster to report SPPL for its insolvent trading to Companies House CIB.

 

Companies House webcheck service then listed SPPL as: PROPOSAL TO STRIKE OFF.

 

TO MY KNOWLEDGE AT LEAST ONE NOTICE WAS PLACED IN THE LONDON GAZETTE, EFFECTIVELY MEANING THAT THE STRIKE OFF WAS IMMINENT.

 

SPPL was about to go officially belly up.

 

Meanwhile also in November, as reported elsewhere in Walker-V- SPPL, the Walkers having lost their case in the Court of Appeal applied for, and were granted, permission to appeal to the Supreme Court. That case is due to be heard on the 13th May. However as we can see, the SPV substituted itself in favour of SPPL as the respondent, no doubt on the grounds that SPPL's imminent insolvency might colour proceedings.

 

Now SPPL is no longer on the coroner's slab, will it now substitute itself for the SPV Southern Securities as the original party to the claim (causing ructions no doubt in the Supreme Court) and will it now be demanding back the estimated £55m owed to it by Resetfan?

 

WHO KNOWS?

 

One thing is certain however:

 

The complaints instigated by a sole insightful member of that forum have caused a great deal of mayhem in High Wycombe, King Edward Street and Bishopsgate.

 

Perhaps a complaint about their collective insolvency and their aggressive repossession strategies could be registered with CH? After all look what just a few complaints concerning SPPL achieved.

 

So. Here, once again, is where to direct your complaint.

 

CIB Complaint Form

 

Happy filing!

The following post has just been placed on this thread.

 

If the information is correct it is a significant and potentially very important development.

 

THERE IS AN IMPORTANT UPDATE DATED APRIL 20th 2010

 

 

 

 

The original posts can be found here. This is the thread, followed by the post:

 

http://www.consumeractiongroup.co.uk/forum/mortgages-secured-loans/170607-spml-london-mortgage-company-124.html#post2572274

 

IMPORTANT NOTICE

 

As of today, Companies House (compliance team) has begun its prosecution of the last remaing director of SMPL and PML-Ms Amany Attia. This has been confirmed by Mr Kevin Hughes(Compliance Manager) of CH. The prosecution will be for failing to deliver accounts, under the Companies Act 1985.

 

They have also been informed, that it is my belief(with evidence) that SMPL is balance sheet insolvent, and 'trading' insolvently.

 

SUCH THAT, I WOULD URGE ANYBODY FACING REPOSSESSION OR OTHERWISE, TO NOW MAKE A FORMAL COMPLAINT TO THE DTI.

Link is:

 

CIB Complaint Form

 

 

This IS YOUR complaint, against any Lehmans lender, which the Companies Investigation Branch(CIB) of the DTI, has a duty to investigate.

 

 

THE MORE COMPLAINTS WE CAN SEND THEM RIGHT NOW, THE STRONGER OUR CASE WILL BE, THAT THESE LENDERS HAVE NO RIGHT TO TAKE LEGAL ACTION AGAINST US, BECAUSE OF ITS INSOLVENCY. THIS IS NOW OUR REAL CHANCE TO EXPOSE AND STOP REPOSSESSIONS.

 

 

As a guide, I have shown below some typical answers you can make for this online complaint. These are edited answers, and you can add or subtract to them, as you choose:

 

1 & 2 your details.

 

Who have you dealt with in the company:

I have used the name of Mr John Bentham(manager) of Capstone, as I dealt with this *%!*^!* directly.

PUT the name of your own contact at SPML/Capstone if have one.

 

If there are other individuals connected to the company with whom you have dealt please give their names and role they play within the company in the box below: add or edit

"Ms AMANY ATTIA, now sole director of SOUTHERN PACIFIC MORTGAGE LTD(SPML). Please note, Capstone Mortgage Services Ltd(Capstone), are the third party administrators of SPML. As of today, I have been informed by Mr Kevin Hughes(Companies House-compliance Team), that the sole director is now under prosecution for the failing to return 2 years of accounts(Companies Act 1985)."

 

under 3 :

(a) "I have absolute proof, from written evidence, that SPML is both balance sheet and trading insolvent. The last director, Ms Amany Attia, is now being prosecuted by Companies House, for failing to act in the role of director in providing 2 years of accounts. This can be confirmed by Mr Kevin Hughes, of the Compliance Team-Companies House. SPML, was a mortgage provider, and has no employees, has ceased trading, 1 director(under prosecution), and falsely claimed it is 'trading' at the same registered address as Capstone.

Furthemore, SPML has actively been conducting property repossessions through the courts as SPML, where it has so been in 'wrongful trading'. The courts and general public, are completely unaware of this, except Companies House. I believe this case is of great importance and in the national interest, as families are being evicted from their homes, by effectively a bankrupt company."

 

(b) "SPML last accounts 2006, and sale of mortgage books.

Letter from Companies House on prosecution of director.

Evidence that SPML sold all its mortgages through securitisation, and is no longer the owner of them.

SPML is nothing more than a 'shell', whose sole director is facing prosecution and is in 'wrongful trading'.

Please contact me directly, for the evidence you require, to prevent the illegal activities of SPML."

 

 

If you have any questions, put them up on the board, and pass the word to everyone to file their online complaint to CIB.

 

Can anyone who does this, post up the reply 'SHUT'EM DOWN'.

Edited April 25, 2010 by enoughisenough

[budobird]

Hi I am new to this but have my mortage with spml and capstone. I was out of ork and fell behind with payments, got eviction orders etc etc. Came to an agreement with them after i had to pay them over 4k and get letters at least once every 2 months from them saying that i am n arrears and still owe money. I am in the process of being evicted due t a loan i have with BH. I am also in the process of a PPI of which court papers have been sent to them. Can you advise me on what i can do to try and stop the eviction. I know previously i have gone to court with an advisor and filled out a form before hand to get it stop but tha costs me £500 quid of which i havent got!!!!! PLEASE HELP

[slgsue]

I feel very stupid right now but where do we go to make this online complaint. I would dearly love to sting them where it hurts but not really sure where to make the complaint to.

[enoughisenough]

CIB Complaint Form

[consumerist]

I am very concerned (as per my thread below)

 

http://www.consumeractiongroup.co.uk/forum/repossessions/234865-illegal-house-repocession.html

 

 

That SPML and their solicitors Glenisters appointed bailifs who appear to be trading illegally have repossessed my house even though I had no mortgage with them. They should have repocessed a property further up the road.

 

I have submitted a compliant to Companies House using the online Complaints form. Should I complain to the Law Society as to how can a solicitors firm can act for a firm trading illegally?

[enoughisenough]

What? Impossible but who knows with this lot? I think you need the national media on this one?

[consumerist]

Enough is Enough thanks for that you got me thinking again. Perhaps the SPML/Capstone/Lehman Brothers victims need solicitors who deal with Class Action and a media consultant perhaps prepaired to work on a NO Win No FEE basis . After all people want compensation , their right restored, the wrongs of Lehman Brothers e.t.c corrected. How about a book, movie, T shirts e.t.c.

 

Probably the best known media consultant- The one who can get you on TV in the papers e.t.c is ofcourse MCA Contact

[consumerist]

Mr Kevin Hughes, of the Compliance Team-Companies House. SPML should be available on email at [email protected]. This is based on the (yet unconfirmed) assumption that most of their email addreses appear to be initial and surname @companieshouse.gov.uk

 

 

@companieshouse.gov.uk

[JonCris]

Consumerist what steps have you taken to seek redress

 

You might just be the person to pursue this company & expose them. My reasoning is that you have unquestionably clean hands (cannot be accused of ever being in arrears etc) & are the undoubted victim of their practices something which gives you the upper-hand ........... interested?

[consumerist]

Yes I am interested. I will be meeting with solicitor in next few days to

take the matter forward.

[enoughisenough]

Consumerist. I really do think that the muppets that handled this for SPML need to be brought to account. Solicitors Regulation Authority.

 

Solicitors Regulation Authority - Problems with law firms and individuals

[brassed-off-2]

I am very concerned (as per my thread below)

 

http://www.consumeractiongroup.co.uk/forum/repossessions/234865-illegal-house-repocession.html

 

 

That SPML and their solicitors Glenisters appointed bailifs who appear to be trading illegally have repossessed my house even though I had no mortgage with them. They should have repocessed a property further up the road.

 

I have submitted a compliant to Companies House using the online Complaints form. Should I complain to the Law Society as to how can a solicitors firm can act for a firm trading illegally?

 

AHH Good old Glenisters!! subbing with interest!

[bach]

subbing

[flower2]

Just curious. Has anyone checked with Kevin Highes at companies House

[iconoclash]

Hi - so this is why SPML never sent any response to my SAR - just sent a complaint to the ICO - are SPML/SPPL still at Easton St. High Wycombe??

[Andrew66]

Hi - so this is why SPML never sent any response to my SAR - just sent a complaint to the ICO - are SPML/SPPL still at Easton St. High Wycombe??

I believe so, I had a new DD form to send back, that was the address.

[enoughisenough]

Yup...still sending letters from that address...thought they were dead? Capstone are the real powerhouse along with the SPV, and the Trustee.

[Andrew66]

Is there anywhere I can read up on this? No search engine seems to have anything about it. I paid my monthly instalment yesterday through gritted teeth!

[stgeorge2304]

hi everyone some interesting info here about capstone but just to confirm are these the people we should be concerned about on companies house?WebCHeck - Select and Access Company Information

 

incase this link doesnt work there company number is 15381786 plus i hear a rumour that they are actually reducing peoples mortgages to tempt them to leave and go elswere but as i said it could be just a rumour.

 

any info on this would be appreciated.

 

thanks

 

G.

[Andrew66]

They haven't reduced mine yet, I don't think I could get another mortgage anyway at the mo, as I'm unemployed.

[stgeorge2304]

They haven't reduced mine yet, I don't think I could get another mortgage anyway at the mo, as I'm unemployed.

 

 

oh thats not good

 

does anyone know anything about this at all as sounds a bit fishy to me:confused:

[littledotty27]

hi everyone some interesting info here about capstone but just to confirm are these the people we should be concerned about on companies house?WebCHeck - Select and Access Company Information

 

incase this link doesnt work there company number is 15381786 plus i hear a rumour that they are actually reducing peoples mortgages to tempt them to leave and go elswere but as i said it could be just a rumour.

 

The company number isn't found,what company is it?

[tiggers1963]

Hi,

this might be a bit late now, but my wife and I had our house repossesed over 18 months ago (we had a mortgage with SMPL which was then transferred to Capstone) due to my wife and myself losing our Jobs.

 

We heard nothing from Capstone regarding the slae of our house, despite giving them a forwarding address (and them stating in court that they would seek a monetary order for any shortfall). Last week we received a threating letter from a debt collection agency acting on behalf of SPML/Capstone demanding over £17k within seven days, or they would send in an agent to seize goods. As my wife is still not working there is no way we have that amount of money to pay out. To date we have never received any correspondence from SPML/Capstone so we are totally in the dark for how much the previous property was sold for or whether there is any shortfall. (I'd have thought that at the least they would be obliged to send us a statement)...Any help in this matter would be really appreciated as wife suffers from severe depression and this is really worrying us both.

 

Thanks

[I'm the bad guy?]

Hello tgr1963,

 

..you are dealing with evil. So brace yourself for a fight you can win;

 

1) Contact Ell-en on 'possession' page, she can help you stop the DCA

 

2) Put the DCA to strict proof they own the debt

 

3) SPML are the 'owners' of your mortgage, Capstone are ONLY their administrators.

 

4) SPML is in 'wrongful' trading, as its sole director is being prosecuted by Companies House. Get in touch with trading standards asap, and tell them to speak to Kevin Hughes at CH, to explain the status of SPML.

 

5) Goto the main SPML thread, and repost there- its the LittleDotty one. You will get more help there.

 

 

 

ITBG?

[leedslad67]

does this also apply to preferred mortgage/capstone