SPML/LMC anyone claimed for mis selling and unfair charges?

[eagleforms]

itbg, I hope that you are not accusing me of being a jackal because I happen to question some of your posts. You had be very careful about what you say. Eie is right, you have done yourself a big disservice recently. Drugs, Apples???

As I have said before, lets all work together on this and keep our disgreements to the tactics that we can use to get a better deal instead of making them personal.

[midge61]

Well I got my 3 monthly statement today. Can't make head nor tail of the dam thing!

 

It seems they have refunded a charge from 2006 which is good but at the end they have added £50 x2 and removed £50 x 2 with no explanation. There are credits made back after interest has been debited and it seem out of 3 mp 2 go on interest and 1 goes off the capital.

 

I am also in arrears by £60 but the letter I got last week said arrears were £100..........have a complaint in about this. Well I reckon if we got a forensic accountant to go over our accounts they would have a field day.

[JonCris]

Top drawer JC. Wish it would happen here.

 

It has or at least something very similar but ALL parties have agreed to a confidentiality agreement:-|

 

NEVERTHELESS ANYONE FACING A POSSESSION HEARING, SHOULD IMMEDIATELY AS A LITIGANT IN PERSON, FILE AN APPLICATION UNDER CPR31.6 FOR THE DISCOVERY OF 1) Mortgage Sale Agreement 2) Mortgage Administration Agreement 3) Master Securitisation Agreement.

Edited November 26, 2009 by JonCris

[enoughisenough]

Sound Advice from JC. Does this mean we can stop paying the beggars?

 

Midge you may have stumbled upon something here which crossed my mind earlier. Why don't we have our mortgage statements professionally audited?

 

A statement from and independent auditor stating that these are a shambles and abysmally short of the accepted standards would surely kybosh any proceedings.

 

thoughts...?

[midge61]

Hi EIE

 

I have thought about this often but unfortunately it is not cheap.

[enoughisenough]

Better than being saddled with this lot for god knows how long before they force a repo!

[JonCris]

There must be an accountant capable of such a task somewhere on this site

[I'm the bad guy?]

..sorry don't do drugs!

 

 

Killuminati- collateral damage.

 

 

 

 

 

 

 

ITGG!

the return

of Makaveli

[scedminc]

Further to my previous posts about CH and date of filings of accounts. Here is their crap response to my most recent email telling them that I now want my company and that I expect the same treatment as our friends on late filing.

 

"Thank you for your e-mail of 25th November, marked for the attention of

Mrs E Cook. Mrs Cook is not available today, so I am responding on her

behalf.

 

In regards to your company xxxxxxx Limited, may I refer

to your e-mail of 22nd November in which you stated that you were happy

for the company to be struck off as you do not require it any longer.

Mrs Smith informed you in her response of 23rd November that a notice

was published in the London Gazette on 25th August 2009 stating the

Registrar’s intention to remove the company from the Register as it

appeared to be no longer trading or in business.

 

As you have now informed me that you require the company to remain on

the register, the records must be brought up to date. I can advise that

strike off action has now been discontinued, but we will shortly

commence prosecution action against the directors for the outstanding

document. As the company is already in default of its statutory filing

obligations no further time can be given.

 

The following document is currently overdue:

 

Annual Return for 30/04/09

 

Please ensure that the outstanding document is delivered without

further delay.

 

I note your comments concerning Preferred Mortgages Limited and

Southern Pacific Mortgage Limited. I can assure you that we are taking

the appropriate steps to secure the filing of all overdue documents and

if necessary this may include instigating legal proceedings against the

directors. I can confirm that we have written to the directors to

remind them of their statutory filing obligations, but I am afraid that

I am not in a position to be more specific regarding the timing of any

prosecution action.

 

With regard to the other issues you have raised; we have reason to

believe that both the companies are required to remain on the register

and that outstanding documents are being prepared. Companies House

makes no special allowances for any company based on size or status.

Once we have established that the company is required to remain on the

register we pursue all companies in the same way to ensure they fulfil

their legal obligations. Even though a company’s parent company may

be in liquidation, it is classed as a separate legal entity and as such

has filing obligations that must be met. As previously stated,

enforcement action for these companies is ongoing.

 

I am not able to respond to your allegations regarding the companies

carrying out illegal activities as Companies House is primarily a

registry. You may wish to seek advice regarding this issue from the

Companies Investigation Branch. You can contact them in writing at

Ground Floor, 21 Bloomsbury Street, London WC1B 3SS or by telephoning

0207 596 6100.

 

I hope this information has been useful.

 

Yours sincerely

 

 

Ms S Davies

Enforcement Support Team Leader "

[I'm the bad guy?]

Sced,

 

if you need more answers, speak to the top man, Mr Kevin Huges(CH) compliance manager(Lehmans), on direct tel#02920 380 633

 

i will post up the prosecuting solicitor direct tel# at CH for SPML/PML, in due course, so everyone can tell him to get a move on..

 

 

 

 

ITBG?

[on*the*case]

.......Midge you may have stumbled upon something here which crossed my mind earlier. Why don't we have our mortgage statements professionally audited?

A statement from and independent auditor stating that these are a shambles and abysmally short of the accepted standards would surely kybosh any proceedings. thoughts...?

 

I did attempt this some time back, the cost became prohibitive.

Another block was lack of understanding by the accountant of the Capstone process.

 

Try this as an example;

you know what your Capital Balance is, and you know what your Interest Rate is.

Attempt to replicate the claimed Monthly Repayment.

 

Mine being an Interest Only Mortgage, should be easy.....er No

[I'm the bad guy?]

OTC,

 

that because its b******s, **** donot use their repayment model, they use the SPVs financial modelling. thats why your monthly payments are all over the place.

 

to confirm, I had mine checked by 2 mortgage brokers, using their industry software, computer said b******s!

 

 

ITBG?

Edited November 26, 2009 by I'm the bad guy?

[scedminc]

Sound Advice from JC. Does this mean we can stop paying the beggars?

 

Midge you may have stumbled upon something here which crossed my mind earlier. Why don't we have our mortgage statements professionally audited?

 

A statement from and independent auditor stating that these are a shambles and abysmally short of the accepted standards would surely kybosh any proceedings.

 

thoughts...?

 

 

I did post (possibly on the Preferred thread) about a piece of software Mortgage Audit Software, Statement Checker, and Credit Card Budget Software that audits your mortgage. Not sure if its any good as I havent got round to using it yet.

 

Anyone else given it a go??

 

Sced

[midge61]

It seems set up to work with Australian banking models

 

Ignore that have just read some more and it does seem to say it works for uk banks...doh!

[littledotty27]

Can someone clarify what year LMC ceased trading?

[on*the*case]

Can someone clarify what year LMC ceased trading?

 

Still going. Mortgage administration is through Capstone.

[littledotty27]

London Mortgage Company Withdraw From Bad Credit Secured Loan Sector

 

there found it,my mortgage is administered through vertex.

[on*the*case]

I did post (possibly on the Preferred thread) about a piece of software Mortgage Audit Software, Statement Checker, and Credit Card Budget Software that audits your mortgage. Not sure if its any good as I havent got round to using it yet.

Anyone else given it a go?? Sced

 

Thanks for the link scedminc

 

If you are handy with Excel then there is a good formula on Wikipedia Fixed rate mortgage - Wikipedia, the free encyclopedia its for a fixed rate but you just recalculate for every rate change.

[enoughisenough]

Hi guys (and gals!)

 

I should have been more specific of course. It's likely the calculators and spreadsheets will throw up all kinds of anomlies and discrepancies that could and should be challenged with our 'friends'. But this isn't really what I was getting at. Instead what I was intending is that we fish. By which I mean get a preliminary opinion on the accounting standards employed. If that throws up the possibility of more serious irregularities then go for an opinion in full. What one of us finds is likely to be true of the rest of us. On that basis I'm prepared to get a preliminary assessment done and then see what a top dog auditor can find in terms of slack standards. A report of that nature would be worth it's weight in gold. Factual, independent and also useful for the court, CH, TS, auditing regulators etc.

[on*the*case]

Hi guys (and gals!)

 

I should have been more specific of course. It's likely the calculators and spreadsheets will throw up all kinds of anomlies and discrepancies that could and should be challenged with our 'friends'. But this isn't really what I was getting at. Instead what I was intending is that we fish. By which I mean get a preliminary opinion on the accounting standards employed. If that throws up the possibility of more serious irregularities then go for an opinion in full. What one of us finds is likely to be true of the rest of us. On that basis I'm prepared to get a preliminary assessment done and then see what a top dog auditor can find in terms of slack standards. A report of that nature would be worth it's weight in gold. Factual, independent and also useful for the court, CH, TS, auditing regulators etc.

 

I agree.

I attempted to have my mortgage account 'reconstructed' during possession proceedings. Used p36 to get information, but Lightfoots just ran rings with delays and obfuscations. Also at issue were what accounting conventions they use for things like day counts, suspense items etc.

Have a look here for some of the tricks than can be used Predatory mortgage servicing - Wikipedia, the free encyclopedia

[zither]

Do you think we could get help like this?...I dont think so somehow.

 

Judge Erases $525G Mortgage for N.Y. Couple, Citing 'Repulsive' Acts by Bank - Local News | News Articles | National News | US News - FOXNews.com

[zither]

Do you think we could get help like this?...I dont think so somehow.

 

Judge Erases $525G Mortgage for N.Y. Couple, Citing 'Repulsive' Acts by Bank - Local News | News Articles | National News | US News - FOXNews.com

 

Sorry just seen that someone else has posted the same story!

[wonderman]

EXACTLY WHAT I MEAN JUST CARRY ON THE DEBATE CRITICISE ANYONE WANTING DIRECT ACTION

THE ONLY GUY WHO HAS DONE SOMETHING POSITIVE IS ITBG.

GET REAL 3000 POSTS what have you achieved,they've actually put their charges up and increased repos.

Took a lot of notice of what you lot have said and complained about then.

All the info you need is posted here to bring em down,whistles already been blown but you lot havent heard it,shall I spell it out.

Typical brits, argue about the war while someone is kicking you up the ass,this would never happen in the states,the yanks love your system,real easy pickings.

ACTION NOT WORDS,WORDS,WORDS.

HITem where it hurts ,in the pocket

GRASS THE S%&*****$S UP

 

Hi there Yankee doodle dandy,

 

You're very right in a lot of respects but wrong in others. The US system has its faults like any others, but one part of your judicial system that is much better than ours is the fact that your system is not full of the incestuous old school tie Etonian-like establishment rubber stamping court orders for their Etonian-like banker friends. Count your blessing that your Judges are chosen in a more meritocratic style. Plus, your constitutional due process really does count for something. Over here, well a five minute hearing and you've lost your home - some due process eh!..well, as I said rubber stamping exercise. And finally, in the US, there are lawyers advertise as defence lawyers and others that advertise as plaintiff lawyers. Over here, nearly all the lawyers seek to work for the banks!...so there's very few competent lawyers that will put up a vigorous defence for a defendant mortgage - you see, they all want to work for the bank so they don't want to upset a potential client whom they covet.

 

All that said, the Brits on this site are formidable. In only one year there has been a build up of critical mass by people who have had to learn the law and fight against incredible odds. Success? The very fact that the bankers and their lawyers troll these pages so intimately is proof of their fears that the critical mass will explod on them. There have been individuals that have succeeded too - although when they get a "deal" and back off the borrower, part of the deal is to keep it all under wraps. The banks don't want to advertise that the arguments have, and do work.

 

In spite of our rubber stamping judiciary, it is begining to break ground. Recently, I have written to the Lord Chancellor (Jack Straw) to inform him that I have not found even one example of a reported case where the defendant mortgagor has prevailed against the claimant mortgagee. I have asked him to inform me if he knows of even I case within the last 100 years. You see, that's what we're up against. 100% success rate of the lenders (irrespective of the rule of law (although, with our determination, we CAGGERs may just be able to ressucitate this dying, and nearly dead principle).

 

In conclusion, I respect and admire a good fighting attitude, but insulting and attacking the British Davids who are up against the Goliaths (or a leviathan) doesn't help. Thank your lucky stars (and stripes) that your judicial system has more opportunity for borrowers to have real due process, independant and impartial judges, and a lawyer to present an effective and success case. In the meantime, I welcome you as our American cousin and hope that you'll contribute constructive and winning strategies to help your British cousins get the justice they deserve. As Martin Luther King said, "injustice anywhere is injustice everywhere". Don't you agree?

 

Look forward to your constructive ideas and suggestions in your posts.

Wonderman

Edited November 26, 2009 by wonderman
Typos...there's more, but can't be bothered to correct them all!

[enoughisenough]

Originally posted by Zither

 

Sorry just seen that someone else has posted the same story!

 

I was about to point this out....Oh well.

 

Did you also see that the someone else (JonCris) has said that it HAS happened here? But there's a confidentiality agreement.

 

We are living in dark times at the moment. The recent high profile consumer cases have gone massively against the consumer. Bad cases, hard law? Maybe.

 

Some of them defy belief. Some defy ever having been chosen as high profile cases. Others, more well chosen, seem unable to be won, on points of law that are read but never heard.

 

The linguistic acrobats of our judges is certainly skilled. In fact it proves decisive in ensuring that unless a case is so much more watertight then any holes punched in it by the increasingly arrogant opposition we are doomed to be beaten.

 

However I always live in hope. Keep the faith.

Edited November 26, 2009 by enoughisenough

[zither]

I was about to point this out....Oh well.

 

Did you also see that the someone else (JonCris) has said that it HAS happened here? But there's a confidentiality agreement.

 

We are living in dark times at the moment. The recent high profile consumer cases have gone massively against the consumer. Bad cases, hard law? Maybe.

 

Some of them defy belief. Some defy ever having been chosen as high profile cases. Others, more well chosen, seem unable to be won, on points of law that are read but never heard.

 

The linguistic acrobats of our judges is certainly skilled. In fact it proves decisive in ensuring that unless a case is so much more watertight then any holes punched in it by the increasingly arrogant opposition we are doomed to be beaten.

 

However I always live in hope. Keep the faith.

 

You put it so eloquently!