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    • It's genuinely amazing how you managed to rebuke pretty much all of my points without giving a single shred of evidence to prove it. When asked for evidence all you claim is that "it's clear cut" but how is anyone here meant to know if you won't show it?   I agree with this. If you can't convince us, how are you going to convince the judges when this inevitably goes to court?
    • This is a ridiculous situation.  The lender has made so many stupid errors of judgement.  I refuse to bow down and willingly 'pay' for their mistakes.  I really want to put this behind me and move on.  I can't yet. 
    • Peter McCormack says he has secured a 15-year lease on the club's Bedford ground.View the full article
    • ae - i have no funds to appoint lawyers.   My point about most caggers getting lost is simply due to so many layers of legal issues that is bound to confuse.  
    • Lenders have a legal obligation to sell the property for the best price they can get. If they feel the offer is low they won't sell it, because it's likely the borrower will say the same.   Yes.  But every interested buyer was offering within a range - based on local market sales evidence.  Shelter site says a lender is not allowed to wait for the market to improve. Why serve a dilapidations notice? If it's in the terms of the lease to maintain the property to a good standard, then serve an S146 notice instead as it's a clear breach of the lease.   The dilapidations notice was a legal first step.  Freeholders have to give time to leaseholders to remedy.  Lender lawyers advised the property was going to be sold and the new buyer would undertake the work.  Their missive came shortly before contracts were given to buyer.  The buyer lawyer and freehold lawyers were then in contact.  The issue of dilapidations remedy was discussed..  But then lender reneged.  There was a few months where neither I nor freeholders were sure what was going on.  Then suddenly demolition works started.   Before one issues a s146 one has to issue a LBA.  That is eventually what happened. ...legal battle took 3y to resolve. Again, order them to revert it as they didn't have permission to do the works, or else serve an S146 notice for breach of the lease   A s146 was served.  It took 3y but the parties came to a settlement.   (They couldn't revert as they had ripped out irreplaceable historical features). The lease has already been extended once so they have no right to another extension. It seems pretty easy to just get the lawyer to say no and stick by those terms as the law is on your side there.  That's not the case   One can ask for another extension.  In this instance the freeholders eventually agreed with a proviso for the receiver not to serve another. You wouldn't vary a lease through a lease extension.  Correct.  But receiver lawyer was an idiot.   He made so many errors.  No idea why the receiver instructed him?  He used to work for lender lawyers. I belatedly discovered he was sacked for dishonesty and fined a huge sum by the sra  (though kept his licence).  He eventually joined another firm and the receiver bizarrely chose him to handle the extension.  Again he messed up - which is why the matter still hasn't been properly concluded.   In reality, its quite clear the lender/ receiver were just trying to overwhelm me (as trustee and leaseholder) with work (and costs) due to so many legal  issues.  Also they tried to twist things (as lawyers sometimes do).  They tried to create a situation where the freeholders would get a wasted costs order - the intent was to bankrupt the freeholders so they could grab the fh that way.   That didn't happen.  They are still trying though.  They owe the freeholders legal costs (s60) and are refusing to pay.  They are trying to get the freeholders to refer the matter to the tribunal - simply to incur more costs (the freeholders don't want and cant's afford to incur)  Enfranchisement isn't something that can be "voided", it's in the Leasehold Reform Act 1967 that leaseholders have the right to.... The property does not qualify under 67 Act.  Their notice was invalid and voided. B petition was struck out. So this is dealt with then.  That action was dealt with yes.   But they then issued a new claim out of a different random court - which I'm still dealing with alone.  This is where I have issues with my old lawyer. He failed to read important legal docs  (which I kept emailing and asking if he was dealing with) and  also didn't deal with something crucial I pointed out.  This lawyer had the lender in a corner and he did not act. Evidence shows lender and receiver strategy had been ....  Redact and scan said evidence up for others to look at?   I could.  But the evidence is clear cut.  Receiver email to lender and lender lawyer: "our strategy for many months  has been for ceo to get the property".  A lender is not allowed to influence the receivership.   They clearly were.  And the law firm were complicit.  The same firm representing the lender and the ceo in his personal capacity - conflict of interest?   I  also have evidence of the lender trying to pay a buyer to walk.  I was never supposed to know about this.  But I was given copies of messages from the receiver "I need to see you face to face, these things are best not put in writing".  No need to divulge all here.  But in hindsight it's clear the lender/ receiver tried - via 2 meetings - to get rid of this buyer (pay large £s) to clear the path for the ceo.   One thing I need to clarify - if a receiver tells a lender to do - or not to do - something should the lender comply? 
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Picture Loan PPI


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I would be grateful for a bit of advice here because I am not sure how to proceed with our Picture loan PPI complaint.

 

We took out the PPI as I don't work and because I wouldn't be able to meet the repayments if anything happened to my husband. Although it was expensive, we felt it was the responsible thing to do.

 

Sometime later it came to our attention that the PPI was only for a term of 5 years when we had thought it would cover the full term of our loan which is 20. We have complained to Picture but in an initial sales recording apparently they state that my husband was advised of this although he obviously doesn't remember, possibly because of the overload of information when we were arranging the loan and the stress of it all. If it had sunk in at the time then we would never have taken it out because it wasn't suitable for our situation.

 

We decided to take our complaint further within the company but they didn't respond to our letters and after ringing them today they said they had sent a further letter to us (which we haven't received) stating that they aren't prepared to take this matter further and to contact the financial ombudsman if we wished to proceed with our complaint.

 

Do you think in the light of what I have said that we would have any chance of a successful outcome? We feel so sick about our situation and feel like we have been cheated out of so much money for our "peace of mind security" that is utterly useless for us when it runs out in a couple of years time.

 

Any comments would be appreciated. Thanks.

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Not an expert on this at all but think you are being treated pretty shabbily!

I wouldn't have thought a taped 'phone call would be of much use in a court, sounds very much a good old fob off - no doubt experts on PPI will be along soon to help you but perhaps you could SAR them, this would show all transactions on your account including PPI , would be a good idea to read the PPI thread, certainly sounds as if you haven't actually signed for it yourself no matter what Picture say.

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Thanks for your response Miss Muppet.

 

Just an update of what the sales recording actually said about the PPI

 

" covers you for the first 5 years of the loan initially and then there’ll be a monthly one come in after that"

This in our opinion is untrue and suggests the policy is ongoing after the 5 years.

I would be grateful to know what anyone else might think.

Thanks.

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I am about to embark on this moronic bunch of morons aswell. It wasn't until we sold our house that we found out that their PPI was paid for at the start of the term in 1 lump sum, they have essentially mis-sold the policy and I'm not letting them get away with £6,200 for being very good liars.

 

Good luck

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  • 7 months later...

I am just about to try and claim as well.it is only when i wanted to cancel my policy that i found out the true extent of what i was paying. on a loan of £50000 the ppi was added £12000 therefore making my loan £62000 and this policy only covers the first 5 years althrough you do get half of it back if you have not claimed. my payments are £600 a month over 20yrs and without this policy i could knock £100 a month off my repayments. When i tried to cancel i was offered a mere £1200 back off my loan.I do not recall being told how much the policy was and cnnot remember being asked any medical questions. I have asthma and have been off work with stress in the past. this policy is out and out robbery.

John

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Hi John.

This thread has been inactive for over 6 months now.

If you start a new thread with the stage you are at, asking any questions you need to, you will get a much better response.

Its also much less confusing than having to read every thread, every time.

Good Luck.

TC.

I Wish you everything you wish yourself.

 

NatWest Claimed £1,639. Accepted £1,344.

Natwest Paid me again as GOGW £1,656. Yes they can have it back if they say please.

Barclays 1 Claimed £1,260. Won by default. Paid in full

Barclays 2 Claimed £2,378. Won by default. Paid in full

Birmingham Midshires. Claimed £2,122. Accepted £2,075.

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