swift mis-selling mortgages

[hopefullme]

Hello. Can anyone inform me if anybody has tackled swift over mis-selling mortgage. Or is that something else they get away with.

[determindator]

Hi Hopefull, send your complaint of mis-selling to Swift. See what they reply and then complain to the FOS.

[hopefullme]

Thank you for your help. I will see how swift wriggle out of this !

[meellis]

Even though it would be nice to see a reply from Swift they will just tell you what they and the courts/solicitors, FOS and CAB and all the others will tell you.

 

This is that they didn't sell or mis-sell you their product the broker did and the broker is responsible for the mis-selling.

 

The relevant people cannot see the obvious which is that Swift are responsible for issuing loans to thousands of people under dubious conditions, irresponsible lending, because they will just look at things case by case so Swift are able to hide behind the brokers.

 

I am sorry if I don't sound too positive for you but it is just another technicality that they are well aware of.

[hopefullme]

Nothing surprises me with swift. But reading some of the things they are doing why isn't there an investigation into there dealings.

[determindator]

I think after they were fined iro £600k for another arm of their dealings, it's a high probability they are on the radar:-D Have you started that complaint yet?

[meellis]

Carry on with the complaints even though you might know what to expect.

 

Unfortunately you will find ,

like we all do, that even though there are rules, regs, good practices and general consensus around to protect it has all been to twisted to enable escape routes for these firms.

 

It doesn't really matter whether a rule or regulation reads as though they are doing wrong if it has already been interpreted different in court then that interpretation seems to stick.

 

This is why you find it difficult to get support because all of the legal minds and authorities are aware that they will need to overturn some of these other rulings to achieve anything.

 

It is frustrating when you see the big picture and realise that a lot of people complain about the same things but the powers around do not look at that they just look at each case on its own merits so you might have a thousand complaints about mis-selling which are all so similar but when judged individually some might win and some won't.

 

Swift and their ilk read these forums and must be chuckling away to themselves with what they are allowed to get away with, like in South Africa at the moment you can get away with murder if you know the technicalities of the laws and know how to present them to your favour.

[determindator]

A bit sad if Swift read the forum, why would they be reading it, worried:madgrin: or is it they like to wallow in others problems, speaks volumes for their types. Now that is sad.

 

At the moment it may be case by case but that's a good enough reason to complain to FOS asap.

 

They said women would never get the vote.

[meellis]

As far as I am aware Swift are struggling with legal bills mounting up from all of the questioning and legal challenges and the general downturn in their business.

 

I am sure their business plan has been hit by the general goings on in the world and if their plan is what it is believed to be, as opposed to what they want people to believe it to be, then it would be struggling even more.

 

They have and are being caught out on more things it is just whether any of these things will help their victims and in a timescale that will be helpful.

I don't believe the change in regulators will help because the FCA seem to be making noises about sweeping older OFT and FSA investigations under the carpet across the board not just swift.

 

One thing I am sure of is that the people who make a living out of fighting companies like this aren't interested because they think along the lines of what has happened and will not entertain any new way of thinking so good answers will come from outside people who look at things in a different way and will maybe discover some obscure info that will really help.

 

As for Swift reading these forums, yes they might be scared who knows but one thing is foe certain it is always better to know your enemy.

[determindator]

Hi Meellis, have you complained to the FOS yet, FCA or both?

 

Some info

 

http://www.citizensadvice.org.uk/index/policy/policy_publications/set_up_to_fail.htm

 

http://www.publications.parliament.uk/pa/cm201011/cmselect/cmtreasy/430/430vw18.htm