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

[actionnotwords]

Oh dear me the bad person has now got into even more trouble and been pilloried yet again and sent into detention by the headmaster and headmistress for making jokes and for the use of harsh language which have been censored.And all since my last visit.He is certainly a rebel but with a cause.The metaphorical cross references to film and popular music are both a welcome and uplifting relief with a motivational force on what would otherwise be a site of relentless doom and gloom due wholly to its unfortunate subject matter not of course due to.its unfortunate participants diven here by desperation and rank injustice. I always find humour the best medicine and I can assure you this sites longevity and popularity is in many ways subconciously due to this,the participant count trebles when the bad person is on line because people secretly enjoy the unexpected and controversy and like to be shocked even though some profess outrage.To illustrate my theory I would ask what is the audience figure for Question Time as compared to Eastenders because this,is a real life soap opera,.The bad person has also made an outstanding contribution and for that reason alone I am championing his cause along with his friend Ryde,whose reference to the Hollies classic and Henry V I found most apt, I also enjoyed the jokes about Rooster Cogburn its such a pity the bad persons innocent film skit which I have by email was censored as it was quite harmless.

 

 

The bad person in the role of Lord Cagger unbeaten and unbowed.

"He'll be back."

[ryde]

Yes Please! If you dont mind

will do so later on this evening as tied up at the moment.will be interesting to see what they say re. what account you should pay into.

ANW

You must be on the ball to pick up those references ,you are right I am an advocate of free speech especially on this site where emotions run high but do you know being a non swearer myself I can't bear people who deliberately try and get round the fecking swear filter,can you?

Agree with your post re PWC and am now of the mind that this lot could be up for sale,what do you think.

Great picture of henry 5 looks to me like LC at the end of a normal saturday evening though.

[I'm the bad guy?]

..feck Ferris, save ITBG?!

 

 

ryde, get the petition going kid..

 

 

 

 

 

 

 

 

 

 

Makaveli

KwA

save ITBG??

[eagleforms]

I have now had a reply to my query to Capstone about why is it that the mortgage is with SPPL and the paying-in book they gave me credits the monthly payments to SPML.

They say that the beneficial interest in my loan has been transferred to Eurosail-UK 2007-4BL PLC. Eurosail own a large number of both loans belonging to SPPL and to SPML. They say that as a rule they do not issue paying in books in the name of SPPL which is why I have one in the name of SPML. The monies are transferred on a daily basis to Eurosail's account.

 

Re letter to Capstone about where mortgage monies to be paid. The above quote was the reply I got from Capstone about my mortgage which is from SPPL but I pay the money in on a paying in book to SPML. I wrote to ask them if this was a mistake. I would guess that you would get a very similar answer.

[ryde]

eagleforms

Do you actually have a letter to this effect from capstone?

[eagleforms]

eagleforms

Do you actually have a letter to this effect from capstone?

Yes.

[ryde]

From previous posts I cannot see how this has validity.I agree fully with super that the only entity that can give a valid receipt for your payment is the entity with whom you have signed a contract ie sppl so the payment can only be made out to sppl who are the only ones who can give a valid receipt .Think carefully about this and apply it to an everyday contratural situation.You pay your gas bill to british gas and get a receipt from british gas as proof of payment,are you getting proof of payment directly from sppl?You have no contratural agreement with eurosail.

[eagleforms]

From previous posts I cannot see how this has validity.I agree fully with super that the only entity that can give a valid receipt for your payment is the entity with whom you have signed a contract ie sppl so the payment can only be made out to sppl who are the only ones who can give a valid receipt .Think carefully about this and apply it to an everyday contratural situation.You pay your gas bill to british gas and get a receipt from british gas as proof of payment,are you getting proof of payment directly from sppl?You have no contratural agreement with eurosail.

I don't know enough about the law to comment on the validity or otherwise of the payments. AllI can say is that I am not brave enough to put my family at risk by not making any payments until I get a valid receipt from SPPL, and I wouldn't advise anyone else to withhold payment either. Perhaps your worry, Ryde is that SPPL willat somepoint try to claimthat they have not received my mortgage payment, but with the letters I have from Capstone explaining why I should pay SPML and the paying-in book they issued to me I would think that they would not get very far with that arguement.

Would you advise a different course of action?

[ryde]

Ask yourself this question sppl are on a strike out proposal with CH if this is executed who is your mortgage with?

I would write and ask them exactly the same questions I have just asked you.ie.Your mortgage contract was signed solely with sppl and no one else and as a result of this you wish to pay them and receive a receipt for your payment from them.If sppl have sold your mortgage you require details of to whom and when in writing.

see supers posts 4953 and 4954.

Edited February 23, 2010 by ryde

[eagleforms]

Ryde

I understand what it is you are trying to do, but the difficulties are:

- As they say in their letter, Eurosail own the loan

and

- The agreement we signed allows them to transfer the loan as they see fit.

So as they say that the money is correctly applied to my SPPL account, there is very little to be done about it.

Edited February 23, 2010 by eagleforms
typo

[ryde]

Eurosail only own the equitable title the power to sue and repo is still with sppl on paper as they own the legal title to your property according to the land registry whatever sham has been perpetrated with the spv.

You know what capstone are like re missed payments etc and manufactured charges and arrears

I would ask them exactly what I have said it won't do any harm and ensure religiously that you get a receipt at the very least from capstone signed on behalf of sppl for every payment,how can they refuse to do this?

You could of course ask to see capstones written authority from sppl.!Which is what we'd all like to see.

Edited February 23, 2010 by ryde

[eagleforms]

I had an interesting conversation last week with the person who has been appointed the adjudicator about a complaint that I have made about another loan company. I brought up the question of charges and he said that it was not their job to look at charges and I then mentioned the GMAC case and he said he was aware of it but it was to do with the FSA,not the FOS. So, not much point complaining to the FOS about charges then.

No point complaning to the FSA either because they will just tell you that they don't deal with individual cases and they are quite aware of the SPPL case but won't comment.

The OFT have had their case thrown out by the court so are less than interested at the moment.

It would seem that the only way to make the case heard about their grossly inflated charges is to take them to court to try to get the court to agree get them repaid. But this has to be done individually and without legal representation, I don't think that a lay person will get anywhere.

We know that the courts have no time for arguments concerning the companies act and CH are going their own sweet way, despite having had complaints about SPPL's lack of accounts and lack of directors. I would think that whether or not their auditors have written their opinion on headed note paper or on the back of an envelope would be of little interest to them.

So, is this the reason why this thread has been going round and round for so long without a concrete solution having been found?

[I'm the bad guy?]

..ryde, i would'nt bother, some people just live as victims..pass the salt.

 

 

 

 

 

 

 

Makaveli

KwA

Edited February 23, 2010 by I'm the bad guy?

[ryde]

Think you have been misinformed or you have misinterpreted this somewhere.

FSA punished gmac because they were regulated by them and they were ordered to repay unwarranted arrears directly to the borrower.

The FOS deals with individual cases on a case by case basis and you will find numerous people on this thread who have had success with them.

If you look through the thread there is also a successful court action against spml re. charges by a LIP.they backed down.

[actionnotwords]

..feck Ferris, save ITBG?!

 

 

ryde, get the petition going kid..

 

 

 

 

 

 

 

 

 

 

Makaveli

KwA

save ITBG??

Without wishing to appear smug I am relieved that my original assessment has been justified,the swear box is full,the shackles broken and the bad person aka "wonderboy" is back as forecast to wreak havoc yet again as in his infamous quote

"Now I am become Death, the destroyer of worlds".

Who will be his next victim? [/url]

[eagleforms]

I am as aware as you are about GMAC, but did this come about as a complaint from an individual.

I am hoping to get success with the FOS, but not on the question of charges after what the Adjudicator told me. If, however, anyone on this thread has had success with them over charges, then I will certainly go back to them to question the adjudicator's position regarding them.

I also know of the court action to which you are refering and that was quite a coup, but you also know from the many postings on this thread about the high handed way individuals have been treated by numerous judges, so I personally would not like to try it without good legal representation (unless,of course, ITBG would like to represent me, I'm sure the judiciary would be highly fecking impressed).

Yes, I am a victim, just as you are ITBG, if you weren't you would not be so active on this thread. So what practical measures would you propose, instead of posting your little missive for the 30th time?

[ryde]

now ,now lads keep it impersonal,itsbg/lc is on probation.

Remember who the enemy really is.

[I'm the bad guy?]

..victim? now let me think. no, never..everything you need to defend yourself in court is in this thread.

 

with your attitude, you've already lost. If you bought a car from SEAT, why would you pay VW? or British gas, suicidal if SPPL/LMC go into bankruptcy.

 

..for the record, those who won Gold: Dangermouse;IS IT ME?;ITBG?

 

 

believe you me, I could leave now, but I said would help to the last because peeps helped me. So will continue to post, and if people follow through, you have a chance of winning too. For obvious reasons, I cannot be explicit.

 

 

 

 

 

Makaveli

KwA

[ryde]

For christsakes don't post any more LC's black book is already nearly full.

 

11/4 million pound house yet according to accounts has never been remunerated.Must have been one of their repos.

Edited February 23, 2010 by Rooster-UK

[martdj]

Looking further at the 192.com entry it shows a phone number for him too!

[martdj]

Whom is LC?

[eagleforms]

Dear me, the same old same old ITBG. True toform, someone disagrees with you and the insults fly.

Tell me, please. What happens when we "take the feckers down"? Our mortgages don't magically disappear, someone takes them over and as Capstone say that Eurosail own them anyway, it will be the same again. Same over the top charges, same aggressive repros. Isn't what we really want is for them to play by the rules so there is no danger of their charges putting us in the position of being in arrears so they can take our houses?

If I am wrong, please put me right (without the insults, please).

[martdj]

I make you right!

We just want a stop to the cowboy practices and for these companies to act responsibly and honestly!

[ryde]

Lord Cagger as named by the elderly gent suetonius who was once his friend according to some sources otherwise known as ITBG and lately it would seem wonderboy,the person in fact with the most names on cagworld.

[ZillaK]

..truthfully.. that's a skinsuit from Harrods.. she's actually a reptile..

 

..or should that be a repotile - lizards that steal your home..

Edited February 23, 2010 by Rooster-UK
adding bit..