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


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As has been posted.

 

I have very clearly posted my views with regard to equitable and legal assignment in relation to securitisation on numerous occassions (over a period of many months)

 

I will leave people to draw their own conclusions and wish anyone considering using this argument in Court, the best of luck.

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Looks like ITBG has just been given the bird!:D

 

As previously posted, those who have the time to plough through what Sue has stated on any number of occasions are welcome to do so. I would love to but lack the time, and probably the nous.

 

Omnia justa sunt amore belloque.

Keep the faith. EiE.

 

Capstone Mortgage 'Services' - Sub-prime garbage - unlawful behaviour/MULTIPLE consumer abuse, TOTALLY in Defiance of REGULATIONS and the law

 

http://www.fsa.gov.uk/pubs/final/gmac_rfc.pdf

 

CONTACT CIB Here

 

http://www.insolvency.gov.uk/Complaintformcib.Htm

 

Kevin Hughes(Compliance Manager-main) @ 02920 380 633

 

Lee Jenkins(prosecuting Amany Attia) 02920 380 643

 

Mark Youde(accounts compliance) 02920 380 955

 

Charlotte Allan @ 0207 596 6108 investigating all the Lehman lenders

 

Jeremy Pilcher 0207 637 6231

 

NO KAGGA LEFT BEHIND...

 

"We would not seek a battle, as we are; Nor, as we are, we say we will not shun it"

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Originally posted by Wot2do

 

Do you have a list?

 

A list of what? The whole Ts & Cs?

 

Give me a break. Please. Do you have a list?

Keep the faith. EiE.

 

Capstone Mortgage 'Services' - Sub-prime garbage - unlawful behaviour/MULTIPLE consumer abuse, TOTALLY in Defiance of REGULATIONS and the law

 

http://www.fsa.gov.uk/pubs/final/gmac_rfc.pdf

 

CONTACT CIB Here

 

http://www.insolvency.gov.uk/Complaintformcib.Htm

 

Kevin Hughes(Compliance Manager-main) @ 02920 380 633

 

Lee Jenkins(prosecuting Amany Attia) 02920 380 643

 

Mark Youde(accounts compliance) 02920 380 955

 

Charlotte Allan @ 0207 596 6108 investigating all the Lehman lenders

 

Jeremy Pilcher 0207 637 6231

 

NO KAGGA LEFT BEHIND...

 

"We would not seek a battle, as we are; Nor, as we are, we say we will not shun it"

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Suetonius,

 

from our Companies House m395 Deed of Charge, the TRUST DEED between the Issuer(SPV) and BNY Corporate Trustee Services Ltd(Trustee).

 

schedule 2 - 1.1 English Mortgages

‘The Issuer, by way of fixed security for the payment or discharge of the Secured Amounts, with full title guarantee as the registered owner’

 

Can you confirm that 'full title guarantee' means both the legal & equitable title to the mortgages?

 

 

any comments please.

 

ITBG?

Edited by I'm the bad guy?

ANYBODY WHO NEEDS INFO ON YOUR LEHMANS MORTGAGE

either SPML/PML/LMC/SPPL; the following are DIRECT tel#s,

of the investigating & prosecuting organisations: DONOT say you are from CAG-only directly affected or a concerned citizen.

 

1. Companies House: Kevin Hughes(Compliance Manager-main) @ 02920 380 633

2. CH : Lee Jenkins(prosecuting Amany Attia(MD) for SPML/PML) @ 02920 380 643

3. CH : Mark Youde(accounts compliance) @ 02920 380 955

 

4. Companies Investigation Branch(CIB) : Charlotte Allan @ 0207 596 6108

(part of the Insolvency Service) investigating all the Lehman lenders

 

5. CIB : Jeremy Pilcher('unofficial'-consumer/company lawyer) : @ 0207 637 6236

 

File YOUR 'Companies Investigation Branch'- CIB complaint online NOW!!!!

 

http://www.insolvency.gov.uk/complaintformcib.htm

 

SHUT'EM DOWN!!!!> SPML/PML/LMC/SPPL

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Itbg re: your previous post.when did you reveive notification that eurosail was to be noted as first chargee and motgagee.please state or copy the letter exactly as stated by capstone.

with regard to previous recent posts if this has been recently stated by capstone it could mean that the assignment of the legal title from spml and pml is taking place.

please post all links this needs carefully looking at.

Edited by ryde
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Ryde,

 

even before my insurance was due to be renewed but after securitisation. See earlier posts, alot of caggers here will confirm the same. This is nothing new, only the question.

 

ITBG?

ANYBODY WHO NEEDS INFO ON YOUR LEHMANS MORTGAGE

either SPML/PML/LMC/SPPL; the following are DIRECT tel#s,

of the investigating & prosecuting organisations: DONOT say you are from CAG-only directly affected or a concerned citizen.

 

1. Companies House: Kevin Hughes(Compliance Manager-main) @ 02920 380 633

2. CH : Lee Jenkins(prosecuting Amany Attia(MD) for SPML/PML) @ 02920 380 643

3. CH : Mark Youde(accounts compliance) @ 02920 380 955

 

4. Companies Investigation Branch(CIB) : Charlotte Allan @ 0207 596 6108

(part of the Insolvency Service) investigating all the Lehman lenders

 

5. CIB : Jeremy Pilcher('unofficial'-consumer/company lawyer) : @ 0207 637 6236

 

File YOUR 'Companies Investigation Branch'- CIB complaint online NOW!!!!

 

http://www.insolvency.gov.uk/complaintformcib.htm

 

SHUT'EM DOWN!!!!> SPML/PML/LMC/SPPL

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Crapstone has certainly raised the issue as have numerous others. The question remains why would the buildings insurance need to have anyone other than the mortgage provider named? A very simple question to which the TPA craphead seem to have NO answer.

Keep the faith. EiE.

 

Capstone Mortgage 'Services' - Sub-prime garbage - unlawful behaviour/MULTIPLE consumer abuse, TOTALLY in Defiance of REGULATIONS and the law

 

http://www.fsa.gov.uk/pubs/final/gmac_rfc.pdf

 

CONTACT CIB Here

 

http://www.insolvency.gov.uk/Complaintformcib.Htm

 

Kevin Hughes(Compliance Manager-main) @ 02920 380 633

 

Lee Jenkins(prosecuting Amany Attia) 02920 380 643

 

Mark Youde(accounts compliance) 02920 380 955

 

Charlotte Allan @ 0207 596 6108 investigating all the Lehman lenders

 

Jeremy Pilcher 0207 637 6231

 

NO KAGGA LEFT BEHIND...

 

"We would not seek a battle, as we are; Nor, as we are, we say we will not shun it"

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Suetonius,

 

from our Companies House m395 Deed of Charge, the TRUST DEED between the Issuer(SPV) and BNY Corporate Trustee Services Ltd(Trustee).

 

schedule 2 - 1.1 English Mortgages

‘The Issuer, by way of fixed security for the payment or discharge of the Secured Amounts, with full title guarantee as the registered owner’

 

Can you confirm that 'full title guarantee' means both the legal & equitable title to the mortgages?

 

 

any comments please.

 

ITBG?

 

As previously posted... 8-)

 

As has been posted.

 

I have very clearly posted my views with regard to equitable and legal assignment in relation to securitisation on numerous occassions (over a period of many months)

 

I will leave people to draw their own conclusions and wish anyone considering using this argument in Court, the best of luck.

 

However, to help people draw their own conclusions, here is a Eurosail s.395....

 

Personally, I would suggest everyone reads "perfection act" & "perfection event" and then draws their own conclusions

Edited by Suetonius
typo
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Its the old cookie of legal and beneficial ownership again.The beneficial owners retain all benefits from the property ie if it burns down they get paid.The legal ownership is just the legal title ie:spml and pml are the enforcers and trustees for eurosail who own all the benefits derived from the property ie mortgage repayments.

EXAMPLE.YOU BUY A PROERTY WITH YOUR WIFE LETS SAY SHE OWNS OTHER PROPERTY SO FOR CONVENIENCE YOUR NAME IS REGISTERED AS SOLE PROPRIETOR AT THE LAND REGISTRY.SHE HAS PAID THE WHOLE PURCHASE PRICE FOR THE PROPERTY AND ALL THE OUTGOINGS,MAINTENANCE ETC.LEGALLY YOU ARE HOLDING THE PROPERTY ON TRUST FOR HER.SHE IS OWNER OF 100% BENEFICIAL INTEREST IF IT IS SOLD SHE IS ENTITLED TO ALL THE PROCEEDS THAT IS BENEFITS , YOU ARE MERELY A NOMINEE AS ARE SPML PML ETC.EUROSAIL IS YOUR WIFE.THE ONLY POWER YOU HAVE IS A POWER OF SALE BUT YOU WOULD NOT RECEIVE ANYTHING FOR THE SALE IT WOULD ALL GO TO YOUR WIFE.(IF OF COURSE SHE PROTECTED HER INTEREST WITH THE LAND REGISTRY EUROSAIL HAVE NO NEED TO DO THIS AS THEY HAVE CONTRACTUAL PROTECTION)

THE CRUNCH MAY COME WHEN THEY HAVE TO ASSIGN THE WHOLE OF THE LEGAL CHARGE IE THE LEGAL TITLE THEN AND ONLY THEN WILL THERE BECOME A CHANGE OF OWNER AND REGISTRATION OF A NEW CHARGE ON YOUR PROPERTY.THIS IS WHAT IS HAPPENING NOW WITH PWC AND THE DEAL THAT IS BEING DONE OUT OF COURT WITH THE NOTEHOLDERS,HEDGE FUNDS ETC.SO EVERYONE HAS GOT TO BE PREPARED TO ACT!!!!!!!!!NOW. AND FIND OUT WHEN THIS IS GOING TO HAPPEN AND ITS EFFECTS.

Edited by ryde
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What I've found on the insurance front is part of the [problem] they pull and intended to cause arrears but maximise what they can get from you.

 

Initially there is confusion in payments made..by which time they have already taken your cash and will only refund it to the mortgage account regardless of any arrears. This may well put you ahead in payments (total balance) but it's shortening your available cash to make the next payments and not taken into account of any arrears that may accrue.

 

From day 1 we had problems with the insurance but they still take the payments. They refund them to the mortgage account and not your bank account despite not having any arrears. Keep that up for a few months each year when you already stretched on repayments .......

 

Something will give and they get the benefit of Royal and Sun Alliance plus your overpayments that you wouldn't have otherwise made because you have your own insurance.

 

My insurance isn't due until late November, they want a 'new' policy (not just a copy of the existing one or a fax from the company to confirm it's still in place) or they can't guarantee that I won't be charged block insurance from September onwards.

 

Don't let them be in contol of your payments.

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EIE.

 

Refuse to add the name..either Eurosail or others such as Mortgage Funding 2008. As long as you name the lender it's up to them to make the arrangements and any such term can't extend beyond your contact and into an arrangement with your own insurer on such vague details.

 

The lender has only an interest in the building as per their own details on their block insurance that they would invoke. To ask for more is ...

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Originally Posted by ryde viewpost.gif

 

SUETONIUS GLAD YOUR BACK THESE ARE THE POSTS I MADE FROM LAST WEEK IF YOU HAVE TIME PLEASE HAVE A ITS A BIT MIXED UP BUT i THINK YOU WILL MAKE SENSE OF IT.

PLEASE AS SOON AS YOU HAVE SOME TIME LOOK AT THEM AND GIVE US YOUR THOUGHTS HOPE YOU DON'T MIND THE REFERENCES TO YOU; SAID IN JEST; AS YOU HAVE BEEN REFERRED TO AS BOTH HE AND SHE BY VARIOUS CAGGERS.!!

 

Notice to Noteholders - London Stock Exchange

 

THIS IS VERY IMPORTANT

 

JUST GOOGLE ......EUROSAIL IRISH STOCK

EXCHANGE

 

I think this is the spv that concerns us as this was used by spml/pml/london mortgage etc to sell the equitable titles to.They are it appears in deep s...t that is why they are issuing all these notices and that is partly why PWC are arranging this deal out of court which is subject to a time bar.

I believe this is our best and maybe only chance To all act together and get some publicity WITHOUT ANY COST

 

CAN SOMEONE PLEASE ROUSE OUR RESIDENT SAGE HIS/HER? MUNIFICENCE SUETONIUS FROM HIS/HER? SELF IMPOSED EXILE TO MAKE SOME SENSE OF ALL THIS AND POINT US IN THE RIGHT DIRECTION..OR IS HE/SHE? OMNIPRESENT AND ABOUT TO ARRIVE ON THE SCENE LIKE SOME THUNDERBOLT READY TO STRIKE DESPAIR INTO ALL US UNDERLINGS WHO OPPOSE HIM/HER? OR TALK UTTER RUBBISH BECAUSE AT LEAST THEN WE ALL KNOW WHERE WE ARE. SOMEONE PLEASE USE THE MAGIC INCANTIONS TO ROUSE HIM/HER?(IS HE/SHE? ACTUALLY BOTH!!) FROM HIS/HER? HEAVENLY SLUMBER WITH HIS LEGENDARY MAGICAL BUCKET OF COLD WATER TO END OUR MAGICAL MYSTERY TOURS. BECAUSE TEMPUS FUGIT.

 

 

GR This means then that the ''merde'' finally hit the fan. These notes are not performing and the issuer has no funds left why he wants to invoke his rights to swap and the guarantees he has from Lehman Special Financing (in liquadation). So far, PML/SPML etc. are not directly involved as the issuer, on behalf of himself and the note holders, is trying to squeeze some ''juice'' out of the Lehman carcasse. The next step should be the transfer of the legal title to the issuer and the investors from the originator. Before this will happen they will have to inform us mortgage holders. This, Ladies and gentlemen, is the real financial ''wild west''!

GR

Edited by ryde
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PWC seeks to avoid court by offering ... - Google News

LOOK AT THIS LOT IT APPEARS PRICE WATERHOUSE ARE OFFERING AN OUT OF COURT DEAL TO THE NOTEHOLDERS/INVESTORS TO DISTRIBUTE THE ASSETS OF LEHMANS EUROPE WHICH I THINK MEANS US AND OUR MORTGAGES DON'T QUITE KNOW HOW THIS IS GOING TO WORK ARE THEY GOING TO TRANSFER THE WHOLE LEGAL AND BENEFICIAL TITLE OF OUR HOMES TO A HEDGE FUND ,COULD BE GOOD NEWS FOR ANYONE FACING REPO.WHAT HAPPENS TO CAPSTONE SPML/PML AND THE LIKE HOW DO THEY BREAK THAT LOT UP OR DO THE HEDGE FUNDS JUST TAKE OVER AND CAPSTONE ADMINISTER THE LOT ,IS IT THE END FOR PML AND SPML AND EUROSAIL????????

 

EIE SEEMS TO HAVE DROPPED A BOMBSHELL HERE.!!!!

 

Lehman U.K. Administrators Offer Out-of-Court Payment (Update4) - Bloomberg.com

 

CAN SOMEONE EMAIL ONE OF THE REPORTERS AT THIS LINK MENTION THE THOUSANDS OF BRITISH HOMEOWNERS WHO HAVE MORTGAGES WHICH ARE HELD AS SECURITIES WITH LEHMANS EUROPEAN HOLDINDS IE SPML/PML AND ASK HOW THIS WILL AFFECT US,THE REPORTERS HAVE A MUCH BETTER CHANCE OF GETTING AN ANSWER OUT OF PRICEWATERHOUSE AND THIS COULD BE A GREAT STORY FOR THEM AND PRESS COVERAGE FOR US AND A FOOT IN THE DOOR........HEADLINES.... .THOUSANDS OF BRITISH HOMEOWNERS TO BE AFFECTED BY PRICEWATERHOUSE DISTRIBUTION OF LEHMAN ASSETS........i CANNOT DO IT AS IT IS OUTLOOK EXPRESS AND WILL NOT SEND A MESSAGE FOR SOME REASON AS NOT DEFAULT EMAIL??(if someone can tell me how to do it i will)

 

BETTER STILL EVERYONE EMAIL THEM!!!!!!!WE ALL NEED TO KNOW

 

AM JUMPING THE GUN HERE BY A LONG WAY BUT IF LEGAL AND EQUITABLE TITLE IS ASSIGNED MEANS AN APPLICATION TO LAND REGISTRY MAKE SURE YOU FIND GROUNDS TO MAKE AN OBJECTION IT IS THEN REFERRED AUTOMATICALLY TO LAND REGISTRY ADJUDICATOR IF YOU HAVE GROUNDS FOR OBJECTION(EG YOU DONT OWE AMOUNT ON CHARGE)THIS WILL MESS THEM UP AND THEY MAY WANT TO OFFLOAD YOU QUICK

 

SORRY TO TEMPORARILY HIJACK YOUR LAST POST CRAPSTONE.

Last edited by ryde; 8th October 2009 at 01:44.

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Edited by ryde
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And the much loved Wilmington Trust...

 

I still think the better idea is to stay on the side of being a 'stupid' consumer who relied upon the information provided by a regulated profession.

 

I don't think any of us intended to stay with the lender and probably wouldn't have signed up if we were fully aware that we'd end up with Capstone or an administrative company from the outset.

 

Let's face it, we paid money to get these mortgages..it wasn't free and it didn't do what is said on the tin ..before this all happened.

 

Do what you can to stir.....every complaint helps to support what may be going on in the background.

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sorry keyboard jumps into capslock for some reason spontaneously will make sure I edit it properly and change the keyboard which seems to jump mid sentence when it has a mind to.!!!!!!!!!!!

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Keep the faith. EiE.

 

Capstone Mortgage 'Services' - Sub-prime garbage - unlawful behaviour/MULTIPLE consumer abuse, TOTALLY in Defiance of REGULATIONS and the law

 

http://www.fsa.gov.uk/pubs/final/gmac_rfc.pdf

 

CONTACT CIB Here

 

http://www.insolvency.gov.uk/Complaintformcib.Htm

 

Kevin Hughes(Compliance Manager-main) @ 02920 380 633

 

Lee Jenkins(prosecuting Amany Attia) 02920 380 643

 

Mark Youde(accounts compliance) 02920 380 955

 

Charlotte Allan @ 0207 596 6108 investigating all the Lehman lenders

 

Jeremy Pilcher 0207 637 6231

 

NO KAGGA LEFT BEHIND...

 

"We would not seek a battle, as we are; Nor, as we are, we say we will not shun it"

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Please could I re-inforce Crapstone's comment about fonts, colour and size. As a mortgage broker (yes, the good ones have survived) I help with advice when I feel I can make a positive contribution, but my problem is always time. Consequently, when we post could we please keep in simple, lower case, black print, minimise exclamations and to the point. Thanks.

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As a mortgage broker (yes, the good ones have survived) I help with advice when I feel I can make a positive contribution

 

You couldn't get us all out of this sh** at a decent rate could you?

Keep the faith. EiE.

 

Capstone Mortgage 'Services' - Sub-prime garbage - unlawful behaviour/MULTIPLE consumer abuse, TOTALLY in Defiance of REGULATIONS and the law

 

http://www.fsa.gov.uk/pubs/final/gmac_rfc.pdf

 

CONTACT CIB Here

 

http://www.insolvency.gov.uk/Complaintformcib.Htm

 

Kevin Hughes(Compliance Manager-main) @ 02920 380 633

 

Lee Jenkins(prosecuting Amany Attia) 02920 380 643

 

Mark Youde(accounts compliance) 02920 380 955

 

Charlotte Allan @ 0207 596 6108 investigating all the Lehman lenders

 

Jeremy Pilcher 0207 637 6231

 

NO KAGGA LEFT BEHIND...

 

"We would not seek a battle, as we are; Nor, as we are, we say we will not shun it"

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Hi Guys,

 

Sorry that l've not been on line for a while, but, have had the famous swine flu plus a traffic accident that screwed up an already broken back, why, l've been out of action.

 

To comment about what has been discussed here lately, l feel we need to lower the level of worries. l shall start with the home insurance bit, which really raised my eyebrows. l had my insurance renewed a couple of months back and l registred SPML/PML's interest only. There were never any discussion about Eurosail or any other spv or party, which l would not have agreed to under any circumstances. My mortgage deed is with SPML/PML and not any other entity. l cannot see that there should exist any legal circumstances where you should assign the insurance benefits to a spv or note holder. What arrangements SPML/PML make, is their business, but, as far as we mortgagoors are concerned, we deal with the contractual counter party, i.e. the mortgagee.

 

Regarding the sale/transfer or assignment of legal titles the situation is as l've explained before. SPML/PML/London Mortgage are all Private Limited Companies and as such no sale and/or transfer can take place outside these legal entities unless the mortgage tranches, that is legal and beneficial titles are sold/transferred/assigned in a deal between SPML/PML/London Mortgage and a buyer/beneficiary/assignee. ln case such a sale/transfer/assignment has or will take place, we as the mortgagoors must be informed and have our legal rights protected. As far as l know, nothing has been forthcoming to me and l've not heard that anyone else here has been informed about such a pending deal either.

 

But, and that is a big but, as it is now our mortgages are ''managed'' by what at best can be described as an inept and at worse totally incompetent Capstone. lf they, Capstone, require you to swap the insurance interest from SPML/PML/London Mortgage for Eurosail or any other spv in your insurance they are in clear breach of the mortgage contract. Consequently, if they can commit such a stupidity there would be nothing stopping them to try to salvage the investments (mortgage books) by trying to sell or assign them without informing us until the deed is done.

 

So, l agree with all of you that we not only need, but MUST find out what is going on behind our backs. l am now so fed up by having these inept s..t heads blowing smoke up my rear that l am litterally exploding. l shall explore further today and l shall be back with some form of proposal for further action later. Meanwhile, keep the spirits up and continue with the good job in progress.

 

Gustavius

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So, l agree with all of you that we not only need, but MUST find out what is going on behind our backs. l am now so fed up by having these inept s..t heads blowing smoke up my rear that l am litterally exploding.

 

They are, as I'm sure we all agree, a particulary inept and incompetent bunch of idiots. It took them eight weeks NOT to answer my central complaint. Have I really got to spell it out in Spot goes to the mortgage broker vocabulary. Idiots.

Keep the faith. EiE.

 

Capstone Mortgage 'Services' - Sub-prime garbage - unlawful behaviour/MULTIPLE consumer abuse, TOTALLY in Defiance of REGULATIONS and the law

 

http://www.fsa.gov.uk/pubs/final/gmac_rfc.pdf

 

CONTACT CIB Here

 

http://www.insolvency.gov.uk/Complaintformcib.Htm

 

Kevin Hughes(Compliance Manager-main) @ 02920 380 633

 

Lee Jenkins(prosecuting Amany Attia) 02920 380 643

 

Mark Youde(accounts compliance) 02920 380 955

 

Charlotte Allan @ 0207 596 6108 investigating all the Lehman lenders

 

Jeremy Pilcher 0207 637 6231

 

NO KAGGA LEFT BEHIND...

 

"We would not seek a battle, as we are; Nor, as we are, we say we will not shun it"

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Gustavius,

 

I have fired off numerous e-mails to capstone requesting information on insurance.

 

I have also requested e-mail address's of contacts within capstone to try and speed up communication and also give me a written record of questions and answers. But they seem very reluctant to communicate other than by phone or post.

 

The latest request is to clarify the name of the bank account I want to transfer payments to. Even over the phone they don't seem to know or don't want to tell me the name of the account just the sort code and acc number.

They even said that with a direct electronic funds transfer I should allow 5 working days for the funds to reach them by the due date !!!!

 

I have even suggested that I drive to their office's for a meeting to discuss these issue's..... Still waiting for the reply on that one (not holding my breath on this)

 

They even sent me a letter saying I had missed a payment and would be in breach of our agreement, dismissing out of hand the fact that as the incorrect account details they gave me were to blame.

 

Think they may be getting fed up with me now as however I contact them with a query they say "We look into this and write to you"

 

Ho hum I shall carry on trying to be the straw that breaks the camels back.

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l seriously recommend that everyone subscribing to this thread reads through all of the above. Food for thought; funds are empty, special drawer in chapter 11 and guarantor in chapter 11. Note holders are not getting paid what will they now do? Wait for PWC to eventually pay out a fraction in ten years time,? Or make arrangements now to rescue what there is left to rescue?

GR

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