Lenders may be hiding incriminating data for years 2006,2007,2008

[Robinhood2013]

2005 Loan made to purchase a leased flat and

the loan was secured by a first mortgage on the property (the principal charge).

 

In 2006 the loan was sold or transferred including all of its interests to another company

who then recorded their interest by way a charge using the original mortgage deed which was created in 2005.

 

A few months later with out any knowledge being given to us the borrowers,

the so called loan in equity only part was sold and put in a pool of mortgages then sold to investors using the Irish stock exchange.

 

We now jump to 2013 when after repeated written requests of why do I have to now include an unknown party on my buildings insurance

and who are the unknown party, I

 

am informed that the party concerned in fact own our loan and have done so since 2006.

(Nice to know! Thank you Arseden for informing us 7 years after the event )

 

A few weeks later I receive a written request to make all my future monthly mortgage payments the Euro shipping company instead(joke).

 

I can,t and nor can any one else just sit back and let this happen any longer,

 

I have had enough and wont stand for it any more.

I have decided stand up to them.

Do you realize what we all have done,

We have put our homes at serious risk and been subject to a big time con,

the banksters have without our permission mortgaged our property or home to someone else

who is then trading it on the Irish stock exchange.

 

In other words they have mortgaged your mortgage

,so what stops them from mortgaging the mortgage of the mortgage and so on!

 

This is down right abuse!

 

Sorry if there are any spelling mistakes I am dyslexic,

 

help is need if I am to fight them using the law any way I can.

 

Have lots of documents which may help other people who feel the same way as I do

 

don’t mind sharing them and would look forward to hearing from any one in the same boat.

[Lea_HTH]

What is your actual problem? Because I can tell you now, you are barking up the wrong tree if you think you have any legal recourse against securitisation.

[Robinhood2013]

No I am not at all against securitisation,

 

I just wish I had been inform up front by the lender that it may be force on me when I took out the loan.

 

My problem is the way its done and the down right deceitful way the banksters hide every thing from us,

 

I am also concerned because my loan owner is trying to pull a fast one when he states in his letter to my SAR

that he is unable to retrieve two years accounting information.

 

He is not Joe Blogs with a £300.00 laptop from PC world who knows nothing about data protection or backups,

 

But belongs to muilti millon group of companies so what the hell is going on.

 

It would appear that many such loan/mortgage lenders are losing information for the same years.

 

Something is just not right,

 

what are they afraid of ?

 

What are they hiding from us ?

[caro]

When you borrow money by way of mortgage there is nothing to say that the lender has to keep the charge as it was, but you still have to pay back what you borrowed. Only last month the property chamber ruled on this.

 

The DP issue is another matter which you could report to the ICO to intervene.

 

Is there a reason that you have raised this issue?

[citizenB]

Have you sent Subject Access Requests to the parties involved - what does it say in the terms and conditions ? Have you researched MCOBs to see if there is anything there that might help !

 

Ah I see that you have sent SAR - they should have at the very least 6 years worth of data, and according to the Tax and Money Laundering laws all relevant financial information should be retained for 5/6 years AFTER the financial relationship has ended.

 

As Leah has said, you wont have any recourse with respect to securitisation of the mortgage.

[Robinhood2013]

When you borrow money by way of mortgage there is nothing to say that the lender has to keep the charge as it was, but you still have to pay back what you borrowed. Only last month the property chamber ruled on this.

 

The DP issue is another matter which you could report to the ICO to intervene.

 

Is there a reason that you have raised this issue?

 

DP issue all ready with ICO I am awaiting outcome of their investigations.

 

I am not after a mortgage/debit free property as I know this will not happen,

 

I just need to have some thing on them as the loan owners have a track record of chasing after properties

which have equity in them by inventing arrears.

 

The other thing is that they hold a POA over me.

 

Loan was made for a lease hold flat,

but in their terms and conditions it states should I obtain the freehold

they automatically then become the owner of the freehold.

 

They might as well have just put the following statement at the bottom of the mortgage deed.

" UNDER THIS DEED YOU HAVE NO RIGHTS WHAT SO EVER"

 

Do you know the property chamber case details ?

[Robinhood2013]

Does anyone know approx how long the ICO take to investigate a complaint ? I hope its not as long as FOS

[caro]

Are you in Northern Ireland?

 

Paras 39 and 40 cover securitisation.

 

http://www.consumeractiongroup.co.uk/forum/attachment.php?attachmentid=49516&d=1393602453

[Robinhood2013]

Thank you, I will check out mcobs and see what comes up.

[Robinhood2013]

No, I think its England as they still fly that white flag with the red cross on it.

[dx100uk]

if you sent that sar to the buyer of your loan

then no wonder they only have limited info

 

the sar ideally should goto the original creditor.

 

I think you'll find the ICO will turn you down.

 

dx

[Robinhood2013]

`Yes my loan was sold on.

 

The new owner of the loan has already sent the SAR package including copies of most of the documents they hold,

 

How ever they included a nice letter stating that they are unable to retrieve 2 years accounting records,

which is their very nice way of saying we dont wish you to have them or we have lost them.

 

They are just trying to cover their own butts from something which will be illegal trust me on this one.

 

And it is not just my loan owner doing this, others for same years are also doing the same thing,

 

I smell a RAT!

[dx100uk]

ok but as I said

 

its down to the original creditor

 

however

 

did the new owner produce statement eitherside of the missing ones?

 

and are these missing statements within 6yrs from today?

 

dx

[Robinhood2013]

ok but as I said

 

its down to the original creditor

 

however

 

did the new owner produce statement eitherside of the missing ones?

 

and are these missing statements within 6yrs from today?

 

dx

 

Yes Statements issued before missing period and statements after. And missing one are not within 6yrs from today.

 

They are not saying they have lost them but that they can't retrieve them from their computer system. And pigs can fly. By the way they must keep accounting records for 12 years which would include copies of statements.

[dx100uk]

very suspect I agree!!

 

dx

[Robinhood2013]

If any one has had problems getting detailed data from lenders or loan owners for the years 2006,2007,2008 like statements of your account with them, please let me know as I will be taking up the issue with the ICO in respect to my own lenders short comings and would be happy to include details of anyone else who has suffered this type of abuse.

 

Lenders or loan owners may state in their response/reply to your SAR request by giving any one of the following excuses below or words to the effect,they may make up something else to fob you off. They may just ignore you and not include any accounting data for the above years in the SAR package they send you,hoping you will not notice. This is abuse and is illegal.

 

1.Unable to retrieve data from their computer systems.

2.Lost data due to fire or water damage.

3.Data deleted in error.

4.Data removed and deleted under lenders own data protection policy.

[Robinhood2013]

Please see:http://www.consumeractiongroup.co.uk/forum/showthread.php?419241-Lenders-may-be-hiding-incriminating-data-for-years-2006-2007-2008

[dx100uk]

what?

 

dx

[Robinhood2013]

Knowledgeable persons mortgage questions.

 

Is there any way I can find out who actual funded my mortgage loan ?

 

Would I have signed a deed of trust along with my mortgage deed at closing and if I did how can I obtain a copy.

 

How can I obtain the loan under writers documents ?

 

Is it true that UK companies have a requirement to file mortgages and charges at companies house within 21 days.

 

How to audit my mortgage loan with three years accounts missing, Have account records before missing data and after. Lender/loan owner unable to retrieve three year of my accounts apparently.

[caro]

3 threads on same subject merged. Please stick to one thread.

[Crapstone]

Knowledgeable persons mortgage questions.

 

Is there any way I can find out who actual funded my mortgage loan ?

 

Would I have signed a deed of trust along with my mortgage deed at closing and if I did how can I obtain a copy.

 

How can I obtain the loan under writers documents ?

 

Is it true that UK companies have a requirement to file mortgages and charges at companies house within 21 days.

 

How to audit my mortgage loan with three years accounts missing, Have account records before missing data and after. Lender/loan owner unable to retrieve three year of my accounts apparently.

 

I'm afraid you are barking up the 'Apple' tree. I don't believe you are a new poster as you sound very familiar to posts made 2009 + under several different names on the same subject and in the same style.

 

SAR them, several times if need be, and take them to the FOS. You don't have to put them on your insurance if they aren't the lender. Stop fussing, get your charges back and start clearing arrears. Did you read what the chamber said? You followed the thread enough times to know the outcome.

[bhall]

 

How to audit my mortgage loan with three years accounts missing, Have account records before missing data and after. Lender/loan owner unable to retrieve three year of my accounts apparently.

 

It is a lot easier than you might think, all you need is a calculator, or even better excel

 

All you need to know is

 

Balance - Take it from end of the last statement before the unexplained gap

Interest Rate

Is the interest calculated daily, weekly or monthly - this should be explained in your mortgage offer / documentation

When is the interest applied to the account - the other statements you have will show this

 

A mortgage account is just like any other bank account, you have the balance, money paid in (your monthly payments) and money paid out (the interest).

 

Whilst they are unable to provide you with actual statements, have you considered asking them to provide you with screen prints for that period of time instead - have you checked your own records for statements covering the period in question ?

[Robinhood2013]

I'm afraid you are barking up the 'Apple' tree. I don't believe you are a new poster as you sound very familiar to posts made 2009 + under several different names on the same subject and in the same style.

 

SAR them, several times if need be, and take them to the FOS. You don't have to put them on your insurance if they aren't the lender. Stop fussing, get your charges back and start clearing arrears. Did you read what the chamber said? You followed the thread enough times to know the outcome.

 

Why would you every think I am barking up Apples tree, did it get anywhere ?

 

Yes it may all sound familiar and yes I admit I followed what was going down in the property chamber.

 

I am not fussing about anything,Just trying to understand whats happening and looking to find anything of value that may help just put a stop to the bulling tactics of some lenders who are too deceitful for their own good. I have first hand seen what went down across the pond to poor family's who got taken for one hell of a ride by the banksters. And by tnhe way what makes you think I am in arrears?

[Robinhood2013]

Thank you for taking the time to explain.

 

I lost most of my own documents in a house fire in 2012, that why I sent the lender an SAR request.

[Crapstone]

Why would you every think I am barking up Apples tree, did it get anywhere ?

 

Yes it may all sound familiar and yes I admit I followed what was going down in the property chamber.

 

I am not fussing about anything,Just trying to understand whats happening and looking to find anything of value that may help just put a stop to the bulling tactics of some lenders who are too deceitful for their own good. I have first hand seen what went down across the pond to poor family's who got taken for one hell of a ride by the banksters. And by tnhe way what makes you think I am in arrears?

 

 

My apologies if you aren't in arrears. Usually people only question their mortgage if they have an unpleasant experience with it that usually leads on to arrears.

 

As a consumer your buck stops with the lender, and not who provided them with the money. In your case Ascenden seem to be dealing with your account? Establish a contact name with them and ask them to provide all the details you need for your account. It does take a while, and some hammering at them, but a few months later I managed to get all I needed.

 

As bhall has said, you need to get everything together and sit down with a calculator, although there are some online that will help you with the interest etc. I did all mine manually to get an idea and then used several other methods to check. A long process but worth it.

 

Most of my SARs were screen dumps and they can be the most valuable, if you have the patience to read through them all.

 

Not quite sure where you are going with this. Nothing prevents it from being securitized, which I think originally came from Denmark and not America.

 

As for the insurance just refuse to name them. I do and nothing happens.

 

You said you'd lost your documents in a house fire? Were they in the mortgaged property?