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Reclaiming GE Mortgage chargres


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My mortgage was with GE Money before it was sold to Engage .

 

I've worked hard to reduce £25k arrears to less than £10k.

 

I have a fees balance of £16k.

I would obviously like to reduce this as much as possible.

 

The current mortgage company have sent me a list of charges incurred.

 

What can I reclaim?

There are a number of £40 admin fees, recalled DD charges and a great deal of additional interest added.

I thought interest shouldn't be charged on charges.

What is my next step?

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Get a SAR off and get reclaiming all those charges. Dont go just by their statements, get a SAR off and get EVERYTHING

Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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Sometimes just a polite phone call to GE and/or Engage can result in all statements being sent alot quicker than if you SAR. Worth trying a phone call first(recorded if you can).

If not then a SAR will be needed if you do not have all the statements.

Been there with these clowns so any questions just ask.

PLEASE HELP US TO KEEP THIS SITE RUNNING

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I am not legally trained or qualified, any advice i offer is gleaned from experience and general knowledge, if you are still unsure after receiving advice please seek legal advice.

 

 

 

GEMHL Settled

Barclaycard Settled

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Spml Reluctantly withdrawn

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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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I have all my previous statements anyway.

The details from Engage seem clearer since they only relate to charges applied to the fees balance

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you can reclaim agent fees

you cant reclaims sols fees if there WAS an active court claim.

you don't need to reclaim additional int as that's what the sheet calculates

 

 

your int rate appears wrong? was it 2.99% APR?

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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Thanks for looking DX.

I added the interest rate at the top of the paperwork received from Engage.

They have added additional interest to my fees balance every mnoth. This is what has made it so high.

I'm just a bit confused at present

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the spreadsheet calculates the additional interest

[as that's what the penalty charges have caused]

 

so follow post 7

 

your mortgage APR [yearly int rate] was 2.99?

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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Sorry, I'm just a bit thick !!

Should I take out all the additional interest items and add in agents fees.?

What then?

Yes Annual rate is 2.99%

 

Any idea what reactive fee due(LRO) means?

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you'd have to redact and scan up the statements to ONE multipage PDF

follow the upload

 

as the APR is 2.99% it might pay you to use the statint sheet then.

 

you cant reclaim the additional int figures

yes to agents

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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If the additionl interest is charged on the main balance you cannot reclaim it as its legitimate interest on an outstanding balance.

If this additional interest is solely charged against fees and charges then reclaim it as its not charged against a legitimate outstanding balance.

Ge statements alwys showed 2 balances, 1 for the actual mortgage and 1 for any fees charged, oretty much anything in the fees balance is reclaimable.

 

What was the interest when the mortgage was with GE, bet it was more like 8%!

PLEASE HELP US TO KEEP THIS SITE RUNNING

EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 

I am not legally trained or qualified, any advice i offer is gleaned from experience and general knowledge, if you are still unsure after receiving advice please seek legal advice.

 

 

 

GEMHL Settled

Barclaycard Settled

A & L SETTLED IN FULL :lol:

Spml Reluctantly withdrawn

Blackhorse pre 31-7-06 Demand removal sent 23 8 06. ICO ordered removal jan 2007....REMOVED:lol:

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Can't seem to upload a document at present.

I am working mainly from the "Fees charged statement" sent by Engage. There is additional interest added to my monthly outstanding mortgage so this seems to be interest added to the fees balance.

What is my next step please?

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click upload

 

 

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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  • 2 months later...

hope you used the statint sheet

 

 

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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Share on other sites

What spreadsheet did you use

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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Share on other sites
  • 1 month later...

what site

which one

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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Share on other sites

yep like pulling teeth

which spreadsheet???

we have typically 4 we use

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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