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Mortgages PLC - Reclaiming old charges, have I left it too late?


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Hi

 

We used to have a mortgage with Mortgages PLC.

They added lots of charges over the years,

so awhile ago I sent a SAR and realised there was substantial charges i could possible reclaim, maybe between £500-£1200.

 

I sent a letter asking,

they said no and that I had six months from the letter to take it further.

 

 

Due to various reasons I didn't carry on at that time.

 

 

Now maybe 18 months later I would like to know if it is possible to try again

or does that letter mean I have lost my chance.

 

Does the 12 years still apply to reclaim charges too?

Because I am probably looking at fees from around 2004-2007.

 

Thanks

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  • 3 months later...
  • 8 months later...
  • 1 month later...

You need to send the lender an SAR letter (subject action request).

 

 

Enclose with this either a cheque or a postal order for £10.

 

 

This will then give you everything the lender has on file about you but more importantly will include all transactions including charges and fees.

 

 

Submit all of the charges on to the charges spreadsheet

Change the interest cell to the average interest you was charged

(I will go off and find the link in a mo).

Send the spreadsheet along with a letter asking for your money back.

 

They will have 40 days to reply with a final answer.

If you are not happy with their answer you then take it to the FOS

 

Xx

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  • 6 months later...
  • 2 weeks later...

Hi. Bumping again to say I did SAR then and now have a list of charges.

 

 

Which spreadsheet do I enter it onto and which letter do I need to send requesting the money back.

 

 

I want to aim for all the arrears administration fees.

 

 

What would reasonable legal costs be?

 

 

There are charges of £507 and £348.

 

 

Can I claim anything there back too?

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  • 4 weeks later...

Hi and I'm sorry your questions have been overlooked.

 

 

There's a template here that you can use. http://www.consumeractiongroup.co.uk/forum/showthread.php?390026-Mortgages-Reclaiming-Charges-**Correct-as-at-October-2013**

 

 

The second spreadsheet in this link can be used to calculate your claim.

 

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?390026-Mortgages-Reclaiming-Charges-**Correct-as-at-October-2013**

The Consumer Action Group is a free help site.

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

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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  • 4 weeks later...

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Hi,

Thanks for your reply.

 

I think I must be an absolute idiot, but I can't see a spreadsheet link in the link provided above.

 

Am I missing it? I've tried the library and still can't find it.

 

Any help appreciated.

 

Opps found it, but had some trouble converting it.

 

I think I have managed now but I am not sure what to put in the interest box.

 

This stems from 2005-2007.

 

Over that period my interest rate with them was 6.56 , 8.31, 8. 56

and then 8.81% What should I put?

 

I also note that prior to our finances getting back on track our current lender was making charges onto our account.

 

 

As that case is more complicated should I start a separate thread for that one?

 

 

That company was Future Mortgages which then sold account to Engage Credit.

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pers I'd use the statint sheet

as if you use their int rate in the CISHEET [avg int]

 

 

I think it would be less?

 

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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  • 1 year later...

Right I'm bumping this because time is moving on and I need to do it!

CLAIM CALCULATIONTotal of Charges£818.00Compound Interest£973.02Total£1,791.02

 

This was calculated using the spreadsheet supplied in the templates. Does that interest sound about right, it seems loads?

 

 

What is my next step? They said no a few years ago but can I argue that I now understand others have been able to reclaim charges so I would like to do the same. Is there a template letter or can someone help me with the wording?

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attach the xls file

yes there is a template in the library

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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attach the xls file

yes there is a template in the library

 

Thanks, I've found the template.

I don't know why I couldn't earlier.

 

The notes say the letter may need amending but it looks pretty straightforward to me?

 

However I spent the afternoon reading the forum

and noticed on a thread by (I think) Martin2006 (?) that the six year limit apples on fee reclaiming after all?

 

If so I am past that.

 

I thought I had twelve years.

 

Can anyone clarify?

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please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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