Jump to content


Money back from Sub Prime Mortgages


belle2007
 Share

style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 5088 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

Maybe if you could prove that you were mis-sold the mortgage because you could have obtained a prime loan then you would have an argument to claim back some of the interest paid. The FSA have recently reviewed the practices of a number of sub prime brokers and found problems.

All comments are my personal views - if in doubt then seek professional advice. If you think i've helped then please tip my scales.

Link to post
Share on other sites

Hello,

 

I have someone getting me some money back on a Northern Rock together mortgage. Apparently lots of contracts between 1990 and 2005 are actually invalid. I'm not sure of all the legal details but if you want to message me I will give you their contact details.

 

One of my friends is also going through the same process for a repossession, again the contract was invalid and shes looking to get back the value of her home at todays market value!

 

Speak to you soon.

 

N

Link to post
Share on other sites

Hello,

 

I was actually approached by the consultant herself, and she came round to see me for a review and then a few days later said I could get the money back. She showed me a list of the sub prime lenders and all sorts of names were there including C&G, Norwich & Peterborough and Manchester Building society.

 

The intial review is free so you have nothing to lose by getting it done and hopefully get yourself some money back - which is always nice!

 

I thought it would probably be more common but I think its quite a new thing.

 

If you want her details send me a private message.

 

N

Link to post
Share on other sites

Hello,

 

Yep I thought it sounded too good to be true. Its actually associated and backed by Barclays Bank so I figured it must be genuine. I've had great communication from them and received all official paperwork.

 

I thought C&G sounded a bit strange but I don't know much about mortgages and in 1990 I was only 13 so had no interest in what mortgage companies were prime or not!

 

N

Link to post
Share on other sites

  • 8 months later...
Guest TaffR
Guest TaffR

absolutly!!

 

You only have to read their recent report (01 April) to see how much they are involved in this market.

 

Seq - Have they had any write downs this year?

 

Taffr

 

 

I work within this industry, if it was something genuine then I would know about it. Why would Barclays back something like that when they have their figures in MANY sub-prime pies?
Link to post
Share on other sites

Guest Legallychallenged

he emailed me and my husband to go these posts but i cant find therm

Link to post
Share on other sites

Guest Legallychallenged

who can i talk to about this he was really generous with his money to you as well as updating people here on what is really goinmg on in this markets what is wrong with you people pls? I am so angry. he has shown me his messages to you all and ignoring him didnmt you like what he was saying?

Link to post
Share on other sites

  • 3 weeks later...

Nickel,

I would be interested in getting some more information on this as well as I have a NR Together mortgage as well. Could you please pm me the info.

 

Thanks.

£1,971.76 Halifax credit card

Citibank credit card 9100[/size][/size]

Refunded firstdirect bank charges £555 26/01/07

Refunded halifax charges £60 and £120 14/2/07

1st letter sent to HSBC 28/04/07 2nd letter 20/6/07 on hold

[/size]

Link to post
Share on other sites

I don't know whether my case is the same thing as you were discussing but if it is, it certainly isn't a [problem]. I went on a site called 'My Vesta' and solicitors took up my case. I had a secured loan taken out in 1993 the interest was extortionate but apparently the way the agreement was put together was wrong. The agreement was not drafted as if it were regulated by the Consumer Credit Act 1974 because the advance was in excess of £15,000 but it should have been because aa a condition of the loan the arrears on our mortgage had to be paid off (restricted credit) so this was a multiple agreement. As a multiple agrrement the amount of credit in each part was below £15,000.

I have not won this case yet but a barriater said I have a very good chance of recouping all monies paid plus interest from day of redemption. Court papers have been issued so we are just waiting.

I would advise anybody with old agreements to get them looked at. I know we were lucky as we were granted legal aid to fight this, but if you don't try you will never know.

Link to post
Share on other sites

 Share

  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?


×
×
  • Create New...