Oscar, sincerely this works for you. But those in charge at BF are absolute theives and will prob end up getting their slice of you whatever you do to stop them! They are ****. Tracey Bailey. Gary Bailey. Henry Moser. Marc Goldberg et al should be ashamed of yourselves. You will need to do a lot of good to avoid going to hell.

£9000! they really are ****!

you're prob right - i'm unsure about this

don't quote me on this cos I'm prob out of date. £25,000 marks a bounday between what comes under the CCA and Full regulation - so Howard Laddin may be saying that they can still use rule78 if the loan comes under CCA.

fingers crossed it won't affect you - after all, what is costing them extra is sourcing new money to lend out rather than money they lent out years back. But who knows what this dubious operation will do.

'I think they will become more cautious on who they lend to and so write less business - which is good' Blemain adjusts LTVs - 17 September 2007 'But I also reckon they'll put up rates because of the increased cost of them getting money - which is bad.' Blemain Group raises rates - 24 September 2007 Jokingly I should be an analyst, but seriously I hope the 1% rate increase is new business only!!!!!

I meant Data Protection Registrar

I think it necesary to point out that the data comissioner at Bracken House in 1984 would have likely been prior to Blemain/Jarrold taking tenancy/ownership of BH. I think the building was once occupied by the council, so reckon unrelated. Some government body really needs to crack down on the likes of Blemain. Although this type of lending is less prevalent than in the US (8% compared to 20%) We (The UK) still need to act. The BoE has been funding the finance industry to reduce the effect upon our economy of the current 'credit crunch' - they may as well give a blank cheque to Henry Moser.

Great news Challenging! Happy for you. Also good to see a judge use common sense and also recognise Blemain's lack of morals. Good work.

Reports today said that those people who had completions in the pipeline would be helped out by GMAC RFC ( I think this is a good company - formed by General Motors I think ). Those already with Victoria wasn't mentioned, but seeing as the current problems are about a lender finding new capital streams, I would have those that those already with Victoria would continue to pay and finish off their loans. But to be perfectly honest, I really don't know! I'm sure they will contact their existing customers.

Hoping things go your way, good luck!

The recent 'credit crunch' caused by defaulting mortgages in the USA could bring Blemain to its knees. Already, because of this Victoria Mortgages has gone into administration and Kensington have closed their doors to new business. What lenders like this do is arrange a group of mortgages, lump them together and sell the bundle onto an investor. The mortgage payment interest being shared between both investor and lender. The thing is that because there has been so much defaulting in the US, no investor in their right minds is prepared to put their money in such a high risk investment. This means lenders like Blemain cannot find additional funds to write new loans. So what will Blemain do? I think they will become more cautious on who they lend to and so write less business - which is good. But I also reckon they'll put up rates because of the increased cost of them getting money - which is bad. Lets hope this affects them really badly, and also that the government acts and heavily penalises Blemain and others like it for behaving irresponsibly.

Hi Challenging, You are correct, the way they operate makes them **** in my eyes. Cheshire Mortgage Corporation & Blemain are part of same company (they operate from the same room). Hope things go your way on Weds.

Yeah, separate company. shame

Never heard of 'Prime Business Loans'. I would check with your solicitor to find out who they are. I have just checked, and there is no company registered with the FSA with this name. You really need to clarify who they are, its likely it is a limited company, perhaps 'Prime Business Loans Ltd' or could be a trading name, like 'John Smith trading as Prime Business Loans'. Either way, I wouldn't be giving money to a company for which I don't even know their trading name! Sounds dodgy. Whilst checking on FSA register, the list of authorised companies linked to Jarrold Holdings are: Blemain Finance Ltd Bridging Finance Ltd Bridgingfinance.co.uk Ltd Cheshire Mortgage Corporation Ltd Lancashire Mortgage Corporation Ltd Monarch Recoveries Ltd Phone-a-loan Ltd