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    • I am a University Student looking to rent accommodation along with three other Students We found a four bedroomed flat and called the Letting Agent to say we were very interested We had a viewing and raised some questions We wanted to check if there was a break clause in the Lease The Letting Agent said we would need to pay a Holding Deposit whilst he waited for the Landlady to return from Holiday So we paid £750 split between the four of us to the Letting Agent We then received an email to say the Holding Deposit was non refundable References were then checked and the tenancy Agreement arrived which needed to be signed by each guarantor and tenant and send back the full signed agreement At this point we got to see the Tenancy Agreement for the first time and the break clause of 6 months was nowhere to be seen so this made us very nervous and we decided to pull out as we felt we didn’t want the risk of not being allowed to leave the property until a full year was up We emailed the Letting Agent who replied with the following: The holding deposit is not refundable as you are withdrawing from this deal. I will need a confirmation from Everyone that they are withdrawing and we will put the property back on the market.   The move in date is on the 4th Sept and the landlady is left with a very short time to find another tenant.    This will incur a lot of extra cost from both us as an agency and the landlady which we will try to recover. So, my question is are we eligible to get a refund of our Holding Deposit – bearing in mind we were not told we wouldn’t get it back until after we had paid it?
    • As for the rest @BankFodder please wait for my bullet points account and further uploads (I'm in the process of converting a lot of my files and screenshots to more condensed pdf thanks to reading one of your posts how to do this for free...but, it's taking time as I also have artritis in practically every bone in my body, as well as fibromyalgia and chronic fatigue, which affects my hands, and I have a lot of redacting to do).   I appreciate your trying to get an angle on this and your keen to help me in the best you can but, if I keep getting sidetracked like this, it will be counterproductive and frustrating for both/all of us.   On my #13 I gave a link to your skeleton argument pdf because, I'd carefully researched the posts for days before joining (as well as looking at posts over the last 5 years), which btw needs a bit more redaction on p6 as it's showing [her] name. That could be my case to a 'T' except add in the years back to 2006/2007, particularly since I went on their computer system and was 'treated' to their 1st system migration, and all the others that have followed. Not sure about this person's status but, for me you can also add in the fact that they've: continually failed to put me on their PSR; lost my password more than once (the one call I managed to recall was December 2016 when he openely admitted he couldn't find a trace of my being on a password scheme and they now have two whenever the meter reader arrives...and yes, I've done an SAR to the distributor already because they've failed to keep them informed of my status, that's all in hand); continually ignored my medical status of being disabled and unable to read my own meter (I've repeatedly told them about this, btw) due to not only bone-on-bone arthritis in my right knee (diagnosed 2011) but also a crumbling spine (extensive arthrits) with a prolapsed disc and extensive nerve damage (eventually diagnosed 2014), which leaves me at risk of developing corda equina; continually ignored my vulnerability status; and excarrebated my MH/PTSD over the years with their continuing bullying and threats.        
    • Hi Everyone. With the deadline for claiming PPI coming up I thought I better make one last attempt. Couple of quick questions though.. 1. I tried claiming with RBS about 5 years ago and they rejected my claim. Is there any point trying again? 2. I was going to use a company as I'm getting bombarded with "last chance" emails, but I probably don't want to do that as I've always done my own thing. That said, if I make my "Find out if you had PPI" enquiry online, does that mean I'm in before the deadline, or do I actually have to make a complaint before the 29th Aug?   Many thanks for any advice/ help
    • Har dee har har! Thanks! Im 3k apart . I need help so they drop the 3 k. But you got that! kr escaped!
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racyfilly

blemain and secret commissions

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I would be interested to hear from anyone suffering problems with commercial first ltd and also if you were sold a motgage by the now defunct ironmarket loans .I have had huge problems with them but I am in the process of ammassing information regarding these companies .I have had direst conversation with the fsa about matters as wellas the ombudsman and the fSCA .i would love to hear all the stories especially those who have suffered harsh treatment from this company .:mad2:

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Interested to make contact send me a private message. Think you may need to have had 10 postings though.

 

Cheers

 

TJC123

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When looking for a business loan, most banking organizations will require that you have a effectively ready strategic enterprise plan that features your enterprise, your using business loan resources, the market in which you are managing within, how you plan or how you will continue to market your enterprise, and the predicted monetary results of the enterprise over the next three to five years.

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ironmarket didnt ask for anything as such from me as there wasnt any enterprise hence why i am persuing this with the sfcs at the moment ,neither did commercial first ask for anything like this .i also belive my paperwork was filled in in part when i signed it and then agfterwards ,no sign of any original docs eith with theoriginal sig onit ....quite easy to photocopy in afterward too ..i hear others are insimmilar position .

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I also have information to assist anyone taking action against the above. Please do not hesitate to PM me. I have tried to PM others however for some reason it wont let me

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I would really like to make contact with you as I am dealing with Commercial First. My case is with FOS, but I have a solicitor in the background who identified many issues (putting ot mildly!) and FOS have details from him. However, I am not confident with FOS. Quite a few issues really but Commercial First are breathing down my neck and my experience with them is shocking too. Please contact me, I need anything you can give me and it would be nice to have contact with someone who has, or is, dealing with Com. First as I am going through a bad time with these conmen and life has come to a stop. Will look forward to hearing from you, hope you are still out there. Many Thanks.

Edited by Braced
adding

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I would really like to make contact with you as I am dealing with Commercial First. My case is with FOS, but I have a solicitor in the background who identified many issues (putting ot mildly!) and FOS have details from him. However, I am not confident with FOS. Quite a few issues really but Commercial First are breathing down my neck and my experience with them is shocking too. Please contact me, I need anything you can give me and it would be nice to have contact with someone who has, or is, dealing with Com. First as I am going through a bad time with these conmen and life has come to a stop. Will look forward to hearing from you, hope you are still out there. Many Thanks.

 

in the same boat

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Your actions yesterday worked and were appreciated but then microsoft played some funny games can you repeat please.

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It would appear from Companies House filings that Commercial First have disposed of all of their subsidiaries which owned the equitable rights (financial benefits) of their entire mortgage book.

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It would appear from Companies House filings that Commercial First have disposed of all of their subsidiaries which owned the equitable rights (financial benefits) of their entire mortgage book.

 

i consider that Commercial First Mortgage Limited is Money Laundering and misrepresenting the FCA through Commercial First Business Limited,a lender without capital, BY FUNDING UNREGULATED MORTGAGE THROUGH Commercial First Business Limited, which act as the the lender BREACHING the FCA Rules allowing Commercial First Business Limited to hold the legal title and to repossess the mortgage property

once the property has been prepossesses Commercial First Mortgage Limited instruct sale on their is behalf.

(clean money through an illegal act) follow the money trail, This is job for the SERIOUS ECONOMIC CRIME UINT

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TJC123

Do you think they were pushed to dispose of them in view of these companies, which held the equitable rights, having a combined net worth of £ -116,984,000 as at 30th November 2012? This caused the whole Commercial First Group to have a net worth of £ -119,405,000. It is difficult to see how they were still able to trade. What is more the rating agencies could have raised concerns or downgraded their rating of the investment coupons, as they did a couple of years ago when the loan administrators HML, a subsidiary of Skipton Building Society, suffered a small reduction in their own credit rating but nothing like as dire as Commercial First's position.

 

I suppose it depends on who took the hit as Commercial First were not able to handle these losses.

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I guess that the only people who would have suffered any losses were the securitisation investors. Also, CF would have been in a weak position given their financial situation and the nature of their current legal disputes with borrowers.

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I wonder if the new shareholders knew of these cases?

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From CF’s annual accounts, I notice that several months ago their main bankers dumped – sorry, sold their short term loans that they had made to CF. I wonder how many turned up for that auction? What’s that story about rats jumping ship.

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Hi Braced. I am in the same position and would like to make contact with you.

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It has been interesting to read all of this but has anyone found a solution about getting out of bed with Commercial First?

 

Has anyone managed to get out of their clutches successfully without financial harm? I would be very interested to discuss with someone who has managed to beat them. Please contact me ASAP!

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I would suggest anyone with a Commercial first mortgage send an SAR request and in particular pay attention to the underwriting sheet .There are a number of mortgages out there that show hidden payments to brokers as well as what you have paid to your own broker .This creates an unfair relationship and could result in the mortgage being completely rescinded as well as you being able to claim damages and losses etc .Also look at the consumer credit act section 140 A and 140 B remedies for unfair relationship etc .There is a famous case wilson v hurstanger 2007 which sets case precedent and says there is joint resposibility on lender and broker ....important as CF will try to blame the broker always .......

There have been recent out of court settlements but undoubtedly there will be confidentiality agreements .CF do not want this to get out and continue to bully people and repossess .

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Some surprising and concerning information is leaking out that Commercial first are adopting a very blase attitude to the secret comission and bribery issues ........despite there being a large and mounting number of cases against them including claims for those customers who were reposessed by this bunch .One wonders if the blase attitude will wash in the high court .

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Im My case we have discovered the secret commission and my lawyer got a total stop on legal proceedings (with no order for costs). The Judge said that CF better nont even think of coming back to court untill its settled.

 

Since then they have dragged there feet in sending the paperwork and now we are negotiation a settlement.

 

Maybe they are in more trouble and dont care, from what my lawyer says (he has dealt with many CF cases) they will lose, dont want to go to court but still delay and play hardball. From what ive seen of there accounts and changes in the last year I think they changing there business model based on the problems they have, and the longer these these things drag out the nearer it i to better times for selling repossessed properties, they can tell there backers that they are sorting cases.

 

When i did a google search for "Commercial first complaints" i found near the top a website dealing with these problems adn they put me in touch with the lawyer.

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Hi All

I have recently checked over my SAR documents and found a hidden comission blemain paid my broker !!!!

 

 

As well as this they have levied huge and unfair chrges on my account and used the inhouse monarch recoveries

to supposedly recover the debt whilst charging exorbitant fees .

 

 

I shall be using the principals in Wilson v hurstanger and the recent plevin v paragon supreme court ruling to obtain rescission

as well as damaged and losses as per section 140 A and B of the CCA (my loan is unregulated )

 

 

This company are dreadful and during a time when I had small arrears owing to dreadful family circumstances

they tried to repossess me many times .

 

 

I now have no arrears and have agood payment history despite this the loan has hardly reduced at all .

I have experiences extreem rudness from the staff there but now is the time to fight back

 

 

.My advice to anyone is to obtain the SAR and look carefully at the underwriting sheets

,if they do not send them demand them

,most of their mortgages will have some sort of hidden commission present giving you all the opportunity to demand rescission of the mortgages

,this means the mortgage contract is voidable and you go back to day 1 less anything you have paid and all fees and charges removed .

They will wriggle but it is very worth the fight .

 

 

This company have a terrible reputation for customer treatment and setting up loans to ensure people fail .and allow them to repossess.

This is the legal way forward but the SAR is very important .

They will also try to pass of that they have conditions in the mortgage paperwork that invite you to ask about a commission paid or that they may pay a commission

.....this is not enough to get them off the hook so dont be daunted .

 

 

Any commission has to be told to you by the broker and them clearly and concisley if they dont it is considered a bribe

to induce the broker to put business their way and without proper consideration for your needs as a customer .

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Hi I know exactly what you are going through I was bullied by this bunch whilst dealing with divorce bereavment and ill health ....

 

However may I suggest you send off for an SAR to them it will cost you £10 the templates are here ...dont be surprised if they refuse to send you the underwriting sheet as this may well show that a secret commission was paid to your broker ....

 

if this is so then apart from throwing a very big spanner in the works of the repossession process it may well allow you to get the mortgage rescised ie it goes back to the day you took it out less charges and fees etc and loss to them of any benefit whatsoever ...look at the likes of wilson v hustanger and the recent plevin v paragon in the supreme court ....a secret comission is a bribe and dealt with in civil law as a type of fraud .I am currently getting barristers opinion on the second charge i have with blemain .....

 

but I already know I have a case and as well as that also good grounds for the mortgage to be deemed unfair under section 140A and 140B etc of the CCA (mine is an unregulated one ) if yours is regulated then the mortgage rules should cover you .If they refuse the underwriting sheet you can force them to produce it in court .

 

Most if not all of the sub prime lenders paid commissions to brokers without clients knowledge this can be enough to void your mortgage .Dont give up !My battle is just begining but I have plenty of damming evidence against this awful company .There is plenty of information on the internet to help you

Edited by citizenB
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Hi I know exactly what you are going through I was bullied by this bunch whilst dealing with divorce bereavment and ill health ....However may I suggest you send off for an SAR to them it will cost you £10 the templates are here ...dont be surprised if they refuse to send you the underwriting sheet as this may well show that a secret commission was paid to your broker ....if this is so then apart from throwing a very big spanner in the works of the repossession process it may well allow you to get the mortgage rescised ie it goes back to the day you took it out less charges and fees etc and loss to them of any benefit whatsoever ...look at the likes of wilson v hustanger and the recent plevin v paragon in the supreme court ....a secret comission is a bribe and dealt with in civil law as a type of fraud .I am currently getting barristers opinion on the second charge i have with blemain .....but I already know I have a case and as well as that also good grounds for the mortgage to be deemed unfair under section 140A and 140B etc of the CCA (mine is an unregulated one ) if yours is regulated then the mortgage rules should cover you .If they refuse the underwriting sheet you can force them to produce it in court .Most if not all of the sub prime lenders paid commissions to brokers without clients knowledge this can be enough to void your mortgage .Dont give up !My battle is just begining but I have plenty of damming evidence against this awful company .There is plenty of information on the internet to help you

 

You may wish to note that the post preceeding yours was from some 22 months ago......

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yes it was meant for another person I have messaged them so they can benefit from the information .

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Own thread created and moved to the correct forumm

 

Dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

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great i have a lot of information re this company as i am sure others do but I have experience of this type of claim and settlement

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style="text-align:center;"> Please note that this topic has not had any new posts for the last 1168 days.

If you are trying to post a different story then you should start your own new thread. Posting on this thread is likely to mean that you won't get the help and advice that you need.

If you are trying to post information which is relevant to the story in this thread then please flag it up to the site team and they will allow you to post.

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