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    • I'm still pondering/ trying to find docs re the above issue. Moving on - same saga; different issue I'm trying to understand what I can do: The lender/ mortgagee-in-possession has a claim v me for alleged debt. But the debt has only been incurred due to them failing to sell property in >5y. I'm fighting them on this.   I've been trying to get an order for sale for 2y.  I got it legally added into my counterclaim - but that will only be dealt with at trial.  This is really frustrating. The otherside's lawyers made an application to adjourn trial for a few more months - allegedly wanting to try sort some kind of settlement with me and to use the stay to sell.  At the hearing I asked Judge to expedite the order for sale. I pointed out they need a court-imposed deadline or this adjournment is just another time wasting tactic (with interest still accruing) as they have no buyer.  But the judge said he could legally only deal with the order at trial. The otherside don't want to be forced to sell the property.. Disclosure has presented so many emails which prove they want to keep it. I raised some points with the judge including misconduct of the receiver. The judge suggested I may have a separate claim against the receiver?   On this point - earlier paid-for lawyers said my counterclaim should be directed at the lender for interference with the receiver and the lender should be held responsible for the receiver's actions/ inactions.   I don't clearly understand that, but their legal advice was something to do with the role a receiver has acting as an agent for a borrower which makes it hard for a borrower to make a claim against a receiver ???.  However the judge's comment has got me thinking.  He made it clear the current claim is lender v me - it's not receiver v me.  Yet it is the receiver who is appointed to sell the property. (The receiver is mentioned/ involved in my counterclaim only from the lender collusion/ interference perspective).  So would I be able to make a separate application for an order for sale against the receiver?  Disclosure shows receiver has constantly rejected offers. He gave a contract to one buyer 4y ago. But colluded with the lender's lawyer to withdraw the contract after 2w to instead give it to the ceo of the lender (his own ltd co) (using same lawyer).  Emails show it was their joint strategy for lender/ ceo to keep the property.  The receiver didn't put the ceo under any pressure to exchange quickly.  After 1 month they all colluded again to follow a very destructive path - to gut the property.  My account was apparently switched into a "different fund" to "enable them to do works" (probably something to do with the ceo as he switched his ltd co accountant to in-house).   Interestingly the receiver told lender not to incur significant works costs and to hold interest.  The costs were huge (added to my account) and interest was not held.   The receiver rejected a good offer put forward by me 1.5y ago.  And he rejected a high offer 1y ago - to the dismay of the agent.  Would reasons like this be good enough to make a separate application to the court against the receiver for an order for sale ??  Or due to the main proceedings and/or the weird relationship a borrower has with a receiver I cannot ?
    • so a new powerless B2B debt DCA set up less than a month ago with a 99% success rate... operating on a NWNF basis , but charging £30 to set up your use of them. that's gonna last 5mins.... = SPAMMERS AND SCAMMERS. a DCA is NOT a BAILIFF and have  ZERO legal powers on ANY debt - no matter WHAT its type. dx      
    • Migrants are caught in China's manufacturing battles with the West, as Beijing tries to save its economy.View the full article
    • You could send an SAR to DCbl on the pretext that you are going for a breach of your GDPR . They should then send the purported letter of discontinuance which may show why it ended up in Gloucester and see if you can get your  costs back on the day. It obviously won't be much but  at least perhaps a small recompense for your wasted day. Not exactly wasted since you had a great win  albeit much sweeter if you had beat them in Court. But a win is a win so well done. We will miss you as it has been almost two years since you first started out on this mission. { I would n't be surprised if the wrong Court was down to DCBL}. I see you said "till the next time" but I am guessing you will be avoiding private patrolled car parks for a while.🙂
    • It is extremely disappointing that you haven't told us anything about the result of the hearing. You came here at the very last minute and the regulars - all unpaid volunteers - sweated blood trying to get an acceptable Witness Statement prepared in an extremely short time. The least you could have done is tell us how the hearing went, information invaluable for future users. Evidently not.
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Ocean Finance ready to cough?


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Hi All

 

I have recently had my claim for mis sold PPI referred back to Ocean Finance by the FOS (just some background, it is a secured loan over 180 months with front loaded PPI included, although out of the 5 year window now).

 

Ocean have responded today stating:

"We remain satisfied that the sale of your policy was conducted in accordance with the rules which were in place at the time. However, as we have also assessed the sale in light of the paper which the FSA has recently issued it is largely based upon the content of this paper that we are upholding your complaint. As a result we are now obliged to make you an offer of redress" (which had better be the full amount loaded onto the loan plus interest plus 8%!)

 

Q!. What paper?

 

Q2. FSA? I thought they had disappeared?

 

Q3. Calculate amount using the spread sheet here on CAG & send this to them as a response?

 

They have also included a form of authority to sign & return to allow them to access information from the Lender & also the Insurer, is this usual? Would they need to contact the lender to ascertain monthly payments as the account is variable interest rate? Also contact the insurer to check if any claims were made (which would sort of rule out the fact that they mis sold in the first place!).

 

Any thoughts?

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Q1 - Don't worry about it....they are making an offer of redress.....that is the thing to cheer about.

 

Q2 - Don't worry about it....FSA are now the FCA

 

Q3 - Always good to do a spreadsheet, yes. No need to send it to them, let them come up with the offer and then you can check it against your spreadsheet.

 

Yes they will need information from the lender but make sure that the document you sign does not contain any reference to it being an acceptance of the refund. Some companies try to get you to accept an offer even before they have let you know what that offer is (believe it or not)

 

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  • 4 weeks later...

Ok, received a letter today with a breakdown of Ocean's calculations & they are offering £4k as compensation. Will try to post image up later but in a nutshell it is made up of:

 

Loan Amount - £200000

PPI Loan Amount - £3183.75

No of payments - 73

Amount paid - £2979.13

Notional redemption cost - £2351.67

 

Subtotal - £5330.80

 

Cost of equivalent monthly paid poicy - £1469.07

8% simple interest - £293.97

Income Tax deduction at 20% - £58.79

 

Redress due - £4096.91

 

Any comments??

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Ok so they are suggesting that you would have bought PPI elsewhere.

 

On what basis are they making that assumption?

 

You need to ask them why they feel that is the case and demand that you receive all of your money back. It is not up to them to assume that you would have purchased an equivalent policy elsewhere.

 

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OK, so I have e-mailed my contact at the FOS today to clarify a few points with them before contacting Ocean to discuss the contents of their letter & offer of redress.

 

I have attached a scan of the offer of redress for open view (minus personal info) just so others can see what it looks like (should you be going down the same route). Not an expert with uploading (a bit out of practice!) so hopefully you can read it!! :-)

 

[ATTACH=CONFIG]43870[/ATTACH]

Edited by tandlehill
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  • 7 months later...
  • 2 weeks later...
did you get sorted

 

how long did you wait?

 

Hi pepper1986Sorry for the slow reply, have been absolutely mowed out.Once they agreed to refund the charges they waited for the full 28 days to produce the cheque (apparently they couldn't do BACS transfer!); anyway I thought that was the end of it but surprise, surprise.....after much toing & froing of letters disputing their right to offset part of the refund as a notional amount I would have had to pay for PPI (had I wanted it, which I didn't!) they have now been in contact again to say they "may not have investigated it fully" & basically agreed that they have not fully comlied & refunded all of the money they took from us initailly!Now awaiting the next letter with a finalised figure in it.Don't give up, keep grinding them down as they know they are in the wrong!! Good Luck!

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