Could this really be true. My Revenge at last ???

[OLIVE.FAMILY]

Hi all. Bit of a stranger on these forums as I have been trying to rebuildmy life after the torture Kensingtonput me and my family through. Gone but never too far away.

 

I have a googlr news alert set to Kensington. each night it gives me news of what is happening to the property market in London Kensington but Ikept it on ever hopefulthat one day they will be brought to justice. Tonight I get this

 

Thousands of homeowners set for big mortgage refunds - Industry in depth - Mortgage Introducer UK

 

I have both a mortage and secured loan with Kensington. So now i find myself asking myself shall I take a deep breath and remain calm and wait for the summer and see if the FSA are true to their word and make this illegal or do I jump on it NOW !!!!!

 

olives xx

[mkb]

I cant answer your question but thank you so much for that link! Heres hoping GE Money will also be taking note!!

[Nightmare4banks]

Hi All!

 

OLIVE.FAMILY,

 

Thanks very much for finding and putting up the link.I have put it on the SPML/London Mortgage Company thread as it is a very significant development.

 

Finally,I really hope your revenge is true as so it would be true for all folks that have suffered regardless of mortgage providers!

 

Cheers,

 

Nightmare4banks

Edited January 26, 2010 by Nightmare4banks

[dx100uk]

yes! C&G here i come

 

i got charged for 3 months @ £31 cheque only payment

 

extortionate or what

 

reclaim going in.

 

dx

[mkb]

yes! C&G here i come

 

i got charged for 3 months @ £31 cheque only payment

 

extortionate or what

 

reclaim going in.

 

dx

 

Are you putting your claim in now dx?

 

My mortgage is in arrears and we are in court again in March (awaiting comencement of ISMI payments) so I'm not sure about rocking the boat as it were!

 

If you're claiming now, please can you keep us informed??

[dx100uk]

wont be this week

 

dx

[brassed-off-2]

FSA sets out tough new rules to ensure that borrowers in arrears are treated fairly and to reduce levels of mortgage fraud

 

this was released today, courtesy of little dotty on spml thread

[taff-p]

Will be very interested in seeing how this news unfolds.

Derbishire home loans where charging me £50 pr month for being in arrears

[landy_alert]

yes! C&G here i come

 

i got charged for 3 months @ £31 cheque only payment

 

extortionate or what

 

reclaim going in.

 

dx

 

Hi dx:)

 

This month C&G refunded me and Mr Landy around £450 (charges plus contractual interest) on a mortgage that was settled in 2007, so just wanting to wish you luck and say it can be done relatively easily!

 

Mind you I'm also in the process of reclaiming several thousands from Swift Advances, which isn't so simple - although reading that article maybe things are about to change on that front too!

 

Good Luck to all!

 

Landy x

Edited January 26, 2010 by landy_alert
Added something!

[OLIVE.FAMILY]

Hi guys, pleased you all found this useful. KMC were charging us around £50p/m for around three years. This was on a secured loan and a mortgage. Just got to see about starting the claim now xx

[taff-p]

Thats abought the same time scale as we where 3yrs, is it not to early to start claims or not.?

[OLIVE.FAMILY]

Not sure TBH. Thats is what I was thinking. Kinda want to get in there before everybody else does if you know what I mean. I can get it all ready as in ask for statements and see how much it all comes to. Then when the time is right just send the letter asking for it all back xx

[taff-p]

Deffo no harm in that,

[OLIVE.FAMILY]

right then off to find some template letters. Will keep you all postedxx

[straftat]

I read in the paper today that it won't cover those already charged in the past?

 

I've been fleeced by GE Money 40 quid a pop month in month out

I think it's about 2k and theve put these arrears in a side pot and charge me interest

[DoubleU]

Thanks very much for that link!! It may get me out of a lot of trouble.

 

Question however, does this count for loans that are secured on a properties such as from our 'good friends' Blemain Finance?

 

I just received a letter from them again informing me: NOTICE OF DEFAULT SUM of £ 138.00. I phoned and asked them what is was for, and the first guy I spoke to told me I was in litigation with them. Not that I know off!!

I told him that I had been overpaying and that they should deduct it from the overpaid amount. (probably the wrong thing to do) But his reaction was more surprising! He said the charge would stay untill the complete sum had been paid. I told him that in line with the information on the bottom of the letter that they would charge me 13.3% interest for the next 5 years and that that would be illegal. He then followed by saying he was the wrong department. Spoke to another member of staff who couldn't answer either. I now had the sollicitors of Blemain on the line. They can only account for part of the sum demanded. So, There will be a new thread under the 'reposessions' thread.

Good luck to you all and thanks again for supplying, what could be, a nice gun to shoot some of these 'merchants'

Double U

[dx100uk]

diff subject as such

 

but landy.

 

C&G insisted i have life ins for the mortgage [scottish widows], but i have ins with the govt super annuation scheme, is this a [problem] i ca n cancel and reclaim?

 

dx

[lesterlass]

Hi Olive and all

I have a mortgage with Kensington and second charge with Swift, have a look at the swift forum.

 

http://www.consumeractiongroup.co.uk/forum/swift-advances/153362-swift-advances-secured-loan-117.html

 

Here is what I posted yesterday - hope it helps. Post 2338

 

Daily Express Monday25/01/2010 HOME OWNERS WIN MORTGAGE REFUND

Near the bottom of the article

 

The FSA is set to release a report later this week and five more mortgage lenders are in line for fines.

Cerris Tavinor, an FSA spokeswoman, said: “We completed our investigation into Gmac and published the results of that case.

“We have made the point publicly that we have referred other lenders to enforcement, so other work is carrying on.”

 

HAVE SWIFT FINALLY BEEN CAUGHT? :grin::grin:

[landy_alert]

diff subject as such

 

but landy.

 

C&G insisted i have life ins for the mortgage [scottish widows], but i have ins with the govt super annuation scheme, is this a [problem] i ca n cancel and reclaim?

 

dx

 

Hi dx and apologies to Olive family for hijacking her thread:)

 

We were also forced into taking Scottish Widows Mortgage and Business cover with our C&G mortgage and have recently put in a claim similar to a PPI mis-selling type. So far I have only received the standard 'we'll get back to you in 4 weeks' response, so don't know how much success I will have. If you had other cover, I would definitely give it a try as to my mind its PPI but dressed up in sheep's clothing so to speak!

 

If you start a thread I'll pop over and have a look.

 

Landy x

[waronwant]

Hi all! I've been going through the reclaim process to try and claim back arrears charges from GMAC, who I had a mortgage with from 2004 until 2007. I had written to them asking for statements 3 times from the surrender of the mortgage (I sold my house, paid them back and got them off my back eventually!), and they had ignored me, so I went to the FOS. They wrote to them on my behalf, and they ignored them too! And that was AFTER they had been fined already following the findings of the investigation!

 

Eventually got the statements, and an offer of £555 from them. The charges totalled over £2000 so I refused, and it's been with the FOS since then - since October last year.

 

I've just had a phonecall from the adjudicator today, and it's left me feeling pretty insecure and more confused than ever! I asked if it was true that these companies are only supposed to charge their customers what a default has actually cost them in admin charges. He replied that he wasn't able to decide whether a charge is fair or not, only if the companies treatment of me has been fair. So he can't make a decision on the amount of the arrears charges.

 

I've now looked at the links above, and they kind of conflict as well. The first one advises that the FSA have already ruled that arrears charges are unfair as a whole, and the second item states that the mortgage company shouldn't be levvying these charges if an agreement has been reached with the company, which suggests that they're saying not all arrears charges are deemed to be unfair.

 

I guess I'm just going to have to wait and see, but it certainly doesn't seem to be as cut and dry as totalling up all of the charges and thinking that this is the amount you'll be refunded.

 

At the moment, what I'm thinking is...... AAAAAARRRRRRGGGGGHHHHH!!!!!

[dx100uk]

pers i think you need to keep pushing them.

and dont forget the int you can claim back.

 

dx