Jump to content


style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 319 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Recommended Posts

I am in a position to clear my mortgage / secured loan with Skye but they are withholding charge details until I produce evidence of where I have got the funds from to clear it?

 

They keep quoting the Money Laundering Regulations 2017.

 

Can they do or request this?

 

It is not a large amount but am somewhat confused that they never question my regular monthly payment transfers?

 

Thanks for any help.

 

I just want to get rid of this loan as they are such an awful company to deal with.

Link to post
Share on other sites

none of their business.

what do you mean by they are withholding charge details ?

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... 

Link to post
Share on other sites

Also, was the loan taken out with Black Horse originally or with Skye Loans.

We could do with some help from you

                                                                PLEASE HELP US TO KEEP THIS SITE RUNNING

EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

                                            Have we helped you ...?  Please Donate button to the Consumer Action Group

 

Please give something if you can. We all give our time free of charge but the site has bills to pay.

 

Thanks !:-)

Link to post
Share on other sites

any sum over £1000 in cash may be questioned and any transfer over £20k in a certain time frame BUT that is only about " knowing your customer" and not the source of the money.

you say they keep quoting the 2017 regs- what sections do they quote as being applicable?

 

are you a politician by any chance?

I bet they are charging you a higher interest rate than the market will currently gve them so want to keep you on their books to make their asset sheet look good

Link to post
Share on other sites

Hi All many thanks for replies.

 

The amount outstanding is only £4,500 and I have been given funds to get rid from my mum.

 

I requested a redemption figure including costs to release charge from my property.

 

Unlike Blackhorse / Lloyds they do not provide any discount for early redemption and their fees / charges are a lot higher hence why I want to clear it.

 

When requested their reply basically said to redeem loan / mortgage in full that I must provide evidence (Copy of bank statement, building society book balance / insurance or pension maturity statement or any other documents) under the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017.

 

We had previously requested that all correspondences were to be made in writing only but they called my OH last week to discuss details in which she basically told them to put in writing and don't phone again. 

Link to post
Share on other sites

Hi there,

 

Actually, my experience. My parents gave us some money towards a house deposit a couple of years back and that opened Up a whole can of worms.

 

Under the money laundering regulations they had to provide very detailed evidence of where the money had come from. I mean seriously detailed, lots of questions, statements etc. Otherwise my mortgage wouldn’t have gone through. They take it that seriously!

 

The reason is because off shore ‘investors’ using the UK housing market to park their money is a big deal and they are cracking down on it.

 

Even if it’s just £4500 to pay that off, I’m guessing your just going to have to go along with it.

We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 Have we helped you ...?         Please Donate button to the Consumer Action Group

 

If you want advice on your thread please PM me a link to your thread

Link to post
Share on other sites

OK wasn't sure about that as only a small amount to clear.

 

Is there a limit?

 

If I just paid the maximum / increased payments for the next 3/4  months, would they question that?

 

They never asked for evidence before when I cleared over a £1,000 in arrears. Just threatened us if it was not cleared.

 

Just wondering.

Edited by Baz1994
Link to post
Share on other sites

Honestly , I’m not sure. Gonna have to make up your own mind on that. I’d probably go through all the hassle just to get it paid off quicker if it was me.

We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 Have we helped you ...?         Please Donate button to the Consumer Action Group

 

If you want advice on your thread please PM me a link to your thread

Link to post
Share on other sites

OK cheers for that.

 

I might just keep making my usual monthly payments as only 1 year 8 months to go.

 

And make them wait for it.

 

It just would have been nice to get rid.

Edited by Baz1994
Link to post
Share on other sites

You could make 4 payments of £1,000 odd...see if they refuse payment ...I doubt it.

 

Andy

We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 Have we helped you ...?         Please Donate button to the Consumer Action Group The National Consumer Service

 

If you want advice on your Topic please PM me a link to your thread

Link to post
Share on other sites

no.

who are the dca's client?

 

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... 

Link to post
Share on other sites

Thanks dx.

 

No the loan is with Skye but they are not regulated.

 

I believe it was previously administered / serviced by Capita but on checking details on bottom of letter it now mentions Link Mortgage Services, who are regulated by the FCA. 

Edited by Baz1994
Link to post
Share on other sites

We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 Have we helped you ...?         Please Donate button to the Consumer Action Group The National Consumer Service

 

If you want advice on your Topic please PM me a link to your thread

Link to post
Share on other sites

get a statement for the whole loan and have a look at any chargesa nd the interest rate. Some loans will have a fixed interest for the entire loan period but others will be based on BOE lending rate plus a percentage as a variable.

You should also consider a judgement some years back against the Halifax regarding redemption fees/deed relase fees. The Halifax used to put into their mortgages the fee was say £90 but after your 25 years paying the mortgage had gone by they decided that this fee would now be £200. It wnet to court and halifax lost and had to stick to the original quote and refund all of those who had overpaid. Your original agreement may have a different settlement figure

Link to post
Share on other sites
  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...