Not chased for debt MKRR have bought it (even though it was in dispute) They are not actively chasing but I do not want to sell the house and find I have a problem with the charge.....Correct thread?? It is a charge with Welcome Finance

No complaint specifically to remove the charge. The charge was put on the house in relation to agreement #123 They closed the agreement #123 and started the current one #456 I have a copy of agreement #123 but not #456 cos it does not exist so the current agreement they have now sold does not have paperwork signed by ourselves.

Right from the beginning then.... Took out a loan with WF and after a while upped the loan.... then again and yes......again The last one was Oct 2007 signed on the dotted the lot including resign the form for charge on the house...... call this loan #123 Now this is where it gets complicated, the loan said first payment one month from date of agreement putting the first payment at 15th Nov 2007. They took a payment from our account the week we signed the agreement. My wife noticed this and sent a letter at the start of November stating because the first payment has been taken early we will cancel the DD for November and reinstate it for Dec. Sounds straight forward ?? Without our knowledge, permission or signatures WF CLOSED the signed agreement from Oct and started a new agreement at the end of Nov. Call this agreement #456. Now a year or so passes without us realising this had happened. Then on asking for a SAR in May 2009 it came to light. We had been falling behind on an agreement (#456) which we did not signed (not lost the original..... never even signed in the first place !!) We put the account into dispute and requested a true copy of the agreement. It took them a long time to realize what the issue was then presented us with the Oct agreement #123 saying it was normal practice and to refer to all the terms and conditions of this agreement. WF have since sold the debt (which was in dispute) to MKRR. I sent them the required letters and all within reasonable timescales asking for a true copy of the agreement they bought #456. Obviously they cannot supply this but even though I have advised them they have no legal right to maintain our information on their system and for them to quote an act which gives them this right they will not comply( although admittedly the do not contact me in any way) Finally with the information digested from above can anyone explain how I can get the charge under agreement #123 removed from my house ASAP please......

As to having a charge removed..... I have an agreement with Welcome which does not have a true copy of the agreement, the only charge is under a previous agreement (which is satisfied through the consolidated loan of which no true copy can be found), can I have this charge removed ?? How??

Before it gets anymore complicated I have had a SAR and added up the charges.... what is the "contractual interest" and how do I work it out..... do I ask for it or not ?

One question though when I spoke to Kensington they say the charges they are repaying only relate to people on 1st Charges not 2nd or 3rd charges on the house....... so extortionate charges become fair if they are not the 1st charge on a property ??

Seems a long process but worth the chase. I found you can get them to cancel an eviction as long as you pay the arrears on the loan even if the charges are still outstanding.You really have to insist they tell you how much the actual arrears on the mortgage are and not lumped together with the charges. I don't think the courts look on them too kindly for eviction because of arrears on extortionate charges. Its not the perfect solution but it has helped us buy some time. Now in the first stages of claiming the charges back, sounds like it could take a good 12 months..... as long as I get 8% it could actually work out as a good investment LOL

bump cos I would also like to know.....please

Sorry to gatecrash can anyone help..... If I had an agreement and Welcome rewrote the agreement a month later without my knowledge, permission or signature, and i find out they have done this six / twelve months down the line and tell them this is an unlawful agreement and therefore unenforceable can they then reinstate the previous agreement which was signed ?? Basically can they attempt to rob me and if they get caught just refer back to the last legal agreement ??

Does it also mean they are separate from Welcome therefor they are not responsible for the monies owed to its customers from fraudulent agreements etc... They would just say your claim is with the soon to be ex Welcome but by the way you still owe £XXX

What is an LLP? It is an alternative corporate business vehicle that gives the benefits of limited liability but allows its members the flexibility of organising their internal structure as a traditional partnership. The LLP is a separate legal entity and, while the LLP itself will be liable for the full extent of its assets, the liability of the members will be limited. Can I convert from being a limited company to an LLP? The LLP legislation does not allow for a 'conversion process' - in the way that a limited company can convert to PLC status under the Companies Act, for example. Anyone with a current limited company wishing to transfer their existing company name to a new LLP should contact the LLP Team Leader. The process will involve a closely controlled company change of name and an LLP incorporation. Establishing contact prior to submitting the necessary forms will help ensure that this process is completed as smoothly as possible. The above seems to suggest if they are connected to Welcome / Cattles they will not admit it. They have a whole year of ducking and diving before they have to submit annual returns etc.... Limited liability ?? does this mean Welcome are going and handing over to a company that you cannot pursue for refund of unlawful charges etc... As if a company on the scale of Welcome would deal with a totally new company (formed Oct 09 ) without an ulterior motive.

Asked for a copy of my agreement, they said they will ask Welcome for it Good luck it does not exist. Keep meaning to sort this out for good.... more fun going round in circles..... Asked who I should mark for the attention of answer was: I don't know anybodies names........ Asked which department, legal?, compliance?...... answer was: Just send to MKRR and admin will know where to send it..... From those answers it must still be Welcome / Cattles LOL

Not been on for a while.... can someone clarify is MKDP LLP or MKRR anything to do with Cattles or Welcome. Asked them but they "dont think so" ..... only set up this year.... I have not heard from Welcome for approx 10 months.... must have been emptying filing cabinets and came across little old me LOL Pesky office clearances..... Just wondered if it was one of these 1p in the pound buyer of useless debt, collection agencies..... any ideas anyone ???

It all boils down to the facts that welcome have carried on business, more than often in an unlawful manner, which has caught up with them and they are now paying the price. On the plus side because of their ineptness many people, including myself, have benefited from their greed (through their fraudulent manipulation of agreements etc.. being unenforceable ). As to their staff and former staff that knowingly misrepresented the agreements they were selling. I honestly think they deserve all they get. If I ever came across a CV with Welcome as a past employer I would consider the applicant not to be trusted in the slightest. When you look on their former employee facebook page they can only recommend other bottom of the barrel loan companies to apply for. I am looking forward to a "proper" bank to just take one look at my so called agreement. As to a debt collector ? I have begged Welcome to take me to court, I can only keep asking...... If asked who I work for in a pub I would give the name of the company in a loud clear voice. If a Welcome employee did the same they would need to look over their shoulder first....... or whisper

Please don't be too hard on them..... if it was not for their incompetence I would still owe 25,000+ Begged for court but they wont , if / when it goes to debt collection agency, first question..... can you give a true copy of my current agreement please..... end of.......