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

[zither]

Ive just come off my fixed rate with Preferred or whatever they're called now. We rang to get our new rate that was very satisfactory thank you very much. They said they would change the direct debit to show the new payment rate. I checked on-line to day and our old D/D has vanished,in its place it simply says Testing-Test with our account number next to it. Iam very suspicious of these clowns as we all are, anyone any ideas what that may mean?.

[Crapstone]

I've no idea but it sounds like nothing to worry about. Just keep an eye on how much they take and call your bank on Tuesday to confirm any details.

[I'M THE GOOD GIRL ?]

chizzle me nizzle

 

me big bad bruv ITBG? will be back in 2010 with even more fun and games

 

BIG UP

[ryde]

itgg/itbg/iatwb or whoever? whatever you are doing please keep it up as it seems to be working,1 down 3 or 4 to go?! got to give you top marks,glad you're back,just sitting down for afternoon tea and biscuits, habits of a lifetime I suppose ,lifestyles of the poor and desperate.!

[littledotty27]

I have further info from CH.

CH have now given notice to LMC that they have 28 days before they will be struck off. It will be gone, like SPPL. Notice went to PWC who are the adminstrators of the parent Mable Commercial Funding Ltd. This can be confirmed by contacting Kevin Hughes at CH.

 

 

After speaking with CIB, there is NO legal way, either LMC or SPPL have the authority to do court repos; as there are NO officers in these 2 'companies'. Its fraudulent activity under the Fraud Act 2006.

 

 

As for the mortgages the SPVs will have to register the titles(like the SPPL notice), but the SPVs will then have to explain how they owned the mortgages in the first place. Just like Super said.

That's when all the performance & contract issues will come in like JonCris/EiE/GusRex have stated.

Once the SPVs are exposed, then we will all have the strongest of cases to void the contracts.

As for right now, the courts have no idea that LMC/SPPL repos are illegal.

 

2 down, 2 ongoing.

 

So it looks like we could all get or new years resolution after all!!!

Edited January 2, 2010 by littledotty27

[jetli]

'I'MTHEGOODGIRL', you are WRONG and should not give misleading information about the absent ITBG?

 

I have further info from CH.

CH have now given notice to LMC that they have 28 days before they will be struck off. It will be gone, like SPPL. Notice went to PWC who are the adminstrators of the parent Mable Commercial Funding Ltd. This can be confirmed by contacting Kevin Hughes at CH.

 

 

After speaking with CIB, there is NO legal way, either LMC or SPPL have the authority to do court repos; as there are NO officers in these 2 'companies'. Its fraudulent activity under the Fraud Act 2006.

 

 

As for the mortgages the SPVs will have to register the titles(like the SPPL notice), but the SPVs will then have to explain how they owned the mortgages in the first place. Just like Super said.

That's when all the performance & contract issues will come in like JonCris/EiE/GusRex have stated.

Once the SPVs are exposed, then we will all have the strongest of cases to void the contracts.

As for right now, the courts have no idea that LMC/SPPL repos are illegal.

 

2 down, 2 ongoing.

 

So it looks like we could all get or new years resolution after all!!!

 

Really sorry I am with Capstone and I hate them so waht does this mean if my Loan was taken out with SPML and I deal with Capstone? New on here what does CH mean?

 

Sorry to be thick.

[Sagittarius]

New on here what does CH mean?

 

I suspect it means "Companies House"

[jetli]

I suspect it means "Companies House"

Sorry Companies House is what?

[Gallahad]

Sorry Companies House is what?

This should clarify for you.

 

http://en.wikipedia.org/wiki/Companies_House

[jetli]

Thank you will have a read through:)

[ryde]

littledotty

quote After speaking with CIB, there is NO legal way, either LMC or SPPL have the authority to do court repos; as there are NO officers in these 2 'companies'. Its fraudulent activity under the Fraud Act 2006.

 

This is outrageous how many repos have this lot undertaken since having no directors which has been for months.Capstone knew about this as they have undertaken the repos supposedly on their behalf and authorisation and completely illegally.

Millions of pounds and misery is involved here and everone even the administrators has just turned a blind eye,anyone directly affected must contact their mp immediately.

Also lmc is involved in many of the eurosail spvs so how will that lot be untangled.

None of this makes any sense ATTIA is a director of spml/pml/capstone yet for the sake of her simple appointment to lmc/sppl they seem to have thrown this lot to the dogs with all the expense and massive aggravation this will cause and the question is WHY for 5 minutes of paperwork ,thats all it is.

 

HAS ANYONE ANY IDEAS??????

Edited December 30, 2009 by ryde

[zither]

Just found this on the Thisismoney site may interest some.

 

Lehman's European investors to be repaid | This is Money

[JonCris]

littledotty

quote After speaking with CIB, there is NO legal way, either LMC or SPPL have the authority to do court repos; as there are NO officers in these 2 'companies'. Its fraudulent activity under the Fraud Act 2006.

 

This is outrageous how many repos have this lot undertaken since having no directors which has been for months.Capstone knew about this as they have undertaken the repos supposedly on their behalf and authorisation and completely illegally.

Millions of pounds and misery is involved here and everone even the administrators has just turned a blind eye,anyone directly affected must contact their mp immediately.

Also lmc is involved in many of the eurosail spvs so how will that lot be untangled.

None of this makes any sense ATTIA is a director of spml/pml/capstone yet for the sake of her simple appointment to lmc/sppl they seem to have thrown this lot to the dogs with all the expense and massive aggravation this will cause and the question is WHY for 5 minutes of paperwork ,thats all it is.

 

HAS ANYONE ANY IDEAS??????

 

I may be that no one is prepared to be put into the firing line as it all unravels Also isn't it possible the current 'director' finds themselves already in trouble with the authorities

[jetli]

Confused! My loan is with SPPL yet Capstone have always contacted me? Statements have been from SPPL. Our susepended repossesion is under the name of SPPL - so really confused as to what they can and cant do? HELP think im going mad:shock:

[ryde]

jetli

Capstone are the collectors/administrators for sppl they will tell you they are authorised to act for sppl.

Why don,t you put them on the spot and ask to see their written authorisation to act for sppl which will be extremely difficult for them to produce as sppl has no employees!!!!!!!!!!!!you could also mention that you have been told sppl is insolvent and you need to contact their trustee in bankruptcy re your loan.

You have nothing to lose by doing this and in fact there could be a chance that you could offer to redeem your loan for a considerable discount, well worth a shot.

[Mr Worried]

jetli

Capstone are the collectors/administrators for sppl they will tell you they are authorised to act for sppl.

Why don,t you put them on the spot and ask to see their written authorisation to act for sppl which will be extremely difficult for them to produce as sppl has no employees!!!!!!!!!!!!you could also mention that you have been told sppl is insolvent and you need to contact their trustee in bankruptcy re your loan.

You have nothing to lose by doing this and in fact there could be a chance that you could offer to redeem your loan for a considerable discount, well worth a shot.

 

 

WoW that is exiting..

 

Mr W

[supersleuth]

Do ask to see their written authority. And if you get one, then ask them exactly who the hell SPPL are when in fact they don't exist. In the meantime, as I understand it, it seems that Companies House are about to strike them out. So phone Companies House to check when the Companies Registrar will strike them off...because

 

If SPPL are defunt, kapoot, gone, no more, do not exist....then there is no legal entity. Gone. Dead. Finished. No legal entity to enforce anything. No legal entity means no legal standing to bring claims against you and (for those of you whom SPPL have a judgement against you) no legal entity that can take enforcement action to enforce their SPPL judgement! And if there's no legal entity, then Capstone are acting for no-one! Hot air, the fairies but certaintly not a legal entity.

 

That could be the end of your problems...the fraudster extortioniser is no longer able to extort money from you...hooray! If SPPL are registered as your mortgagee and they don't exist, well why should you pay Capstone unless Capston prove to you that they are entitled to receive payment on behalf of SPPL...but then, that will be a catch-22 situation for them, especially when SPPL don't exist!

 

Good luck...for the brave...use this golden opportunity

[ryde]

Thanks for your input supersleuth ,bang on and great to see you back.

[enoughisenough]

Ok back for the new year just in time. Paid my so called dues to the high Wycombe criminals in time for jan ist no doubt to be informed in march April when the next qaurterly is due just how much I have been overcharged in late fees interest arrears etc. I have had a small none existant victory over the vultures but this has taken a whole year of sh1t to achieve. So if the feckers at sppl are well and truly a busted flush and we all now know they are how can we get the barstewards to eff off permanently? I'm Reading the advice above with great interest but I like many others will go down in flames if we stop paying the extortion money. Is there a safe way of doing this?

 

Rambling and non informative as this post has been I will be back to my better self soon.

 

Keep the faith. EiE.

[enoughisenough]

As always a warm welcome to our guests. CIB. SFO. Do it! I will...

[enoughisenough]

Welcome back to the boards super.

 

Keep the faith. EiE.

[zither]

For the less informed of us can someone please do a round up of who exactly has gone bust(or whatever). And who may or may not be following them, Iam a bit confused with it all at the moment. Thanks in anticipation!

[JonCris]

Do ask to see their written authority. And if you get one, then ask them exactly who the hell SPPL are when in fact they don't exist. In the meantime, as I understand it, it seems that Companies House are about to strike them out. So phone Companies House to check when the Companies Registrar will strike them off...because

 

If SPPL are defunt, kapoot, gone, no more, do not exist....then there is no legal entity. Gone. Dead. Finished. No legal entity to enforce anything. No legal entity means no legal standing to bring claims against you and (for those of you whom SPPL have a judgement against you) no legal entity that can take enforcement action to enforce their SPPL judgement! And if there's no legal entity, then Capstone are acting for no-one! Hot air, the fairies but certaintly not a legal entity.

 

That could be the end of your problems...the fraudster extortioniser is no longer able to extort money from you...hooray! If SPPL are registered as your mortgagee and they don't exist, well why should you pay Capstone unless Capston prove to you that they are entitled to receive payment on behalf of SPPL...but then, that will be a catch-22 situation for them, especially when SPPL don't exist!

 

Good luck...for the brave...use this golden opportunity

 

 

Quite Also by paying Capstone you (the debtor) could be breaking the law in that you are treating Capstone as a preferential creditor which is illegal under insolvency laws:D

 

If you intend to keep paying them demand an indemnity confirming that they are the true creditor & that you are not circumventing the insolvency laws by continuing to pay them

Edited December 30, 2009 by JonCris

[supersleuth]

Hi EIE,

 

My personal thoughts on a safe way of doing it is: pay the money into court....or, seeing as they are so very very fond of TRUSTS, open up a savings account and tell them that you will pay the money each month into this savings account and that you formally declare that particular savings account number XXX is money that you (as the trustee for SPPL) will hold on trust for both them (SPPL) as a beneficiary and also you as a beneficiary. Tell them that you will continue to pay the money into court (or into the TRUST fund that you have set up for them and declared your self as a trustee for them) until they have produced satisfactory evidence that they are lawfully and legally entitled to receive the money on behalf of SPPL. Oh, and do mention that you will only pay the money over when you receive written confirmation from an SPPL director and that the trust will terminate the earlier of either: your receipt of a letter signed by an SPPL director, or a letter from SPPL's bankruptcy trustee, or the 2nd Anniversary of the notice of the trust. If by the 2nd anniversary you haven't received either of the two letters, then as trustee, you (as the trustee) can pay the money back to yourself as the beneficiary. Check it out with a solicitor...anyone can create a TRUST...e.g. if you're a parent, then you're probably already a trustee with a Child Trust Account for your kids anyway.

 

Also, if when SPPL are struck off, then as JonCris has mentioned, you must not pay them because by law SPPL's bankruptcy trustee will be the entity you must lawfully pay.

 

In the meantime, who are you paying? If it is not a bank account that is SPPL then you are not getting "good receipt" for your payments. Only SPPL as the so called "legal" owner of the charge can give you good receipt for your payments. Thus, if you are paying into an account called say "Capstone", then without Capstone proving to you that they are lawfully SPPL's agent then Capstone can't give you good receipt.

 

In the meantime, here's and excellent bit of fun

(if link doen't work then youtube "Bank Aid - Do they Loan this Christmas"

 

Hi EIE,

Still hanging on in there with the faith...there's plenty of good people out there especially you. Oh and check out the video...there's so many of us who know what's really going on and sometimes it's good to make light of it....helps maintain sanity in the face of all this corruption.

Edited December 30, 2009 by supersleuth

[ryde]

zither

to clarify

1)sppl are in the throes of being struck off the companies house register as they have no directors and the spv to whom they have sold the beneficial interest in the loans has instructed the administrator/collector capstone to transfer the legal title to the loan (ie the charge registered in the name of sppl at the land registry) to the spv(southern pacific securities or whatever) they must notify you of this then the spv must register the charge at the land registry.

2)london mortgage company according to littledotty are on the verge of the same fate and are on a 28 day time deadline from the compliance section of companies house,again they have no directors.

3)the 2 major players spml/pml have a single director but have not submitted accounts since 2006 and are on the verge of prosecution and further action from companies house.Their fate is as yet unknown.

4)capstone and the lenders they collect your payments for ie sppl/spml/lmc/pml (although the reality is they collect for all the spvs to whom your loan was sold) are reportedly due to be heavily fined by the fsa for their practices as were gmac.

The reality is the spvs should all be fined as capstones contract is with them not the originators spml and the like,so it will be interesting to see who if anyone actually gets fined.

hope I have got this right and am sure fellow caggers will amend and further clarify where necessary,but this is how I currently see it all at present.