6th March 2019, 15:04:PM Hi there My late mother has a secured loan on her property from Blemain Finance. I vaguely remember helping her to getting a loan as I was staying with her at the time and even though the loan was secured on her house her salary wasn't enough to pay it (she was a dinner lady) so they used mine as well. At the time mum was intending on selling her house and paying off the debts she had, one with Skiptons for £76,000 approx. and then the Blemain one which she got 4 years later. I always wondered how she was able to raise finance but I guess that they had the loans secured on the house so would get their money either way no matter whether it was affordable or not. in Jan 2019 I received a letter from Blemain saying that they had over charged the account because of an Incorrect calculation in Building Insurance premiums and were refunding charges of £275.49. I decided to order a SAR from them which they were good about and didn't charge for and once the magnitude of paperwork came through it made for shocking reading: Original loan was for £13,000 @ 19.3apr 120 payments of £232.69 Total payback £27,922.80 This was over a 10 year period. They have stated that the loan to value was 40.48% On top of the loan was a : £995.00 brokers fee (First Trust) £455.00 loan acceptance fee Skipton arrears fee £481.84 therefore the loan total was £14,450.00 Interest rate variable @ 14.95% Also after going through the loan even the my mother had building insurance she was charged to have Blemains buildings insurance as well. This equalled £477.36 over the time of the loan. I didn't think you were allowed to insure the same thing twice? There was also: £444.00 of arrears charges £90.00 on visit costs £12.00 land reg charge for copies £5.00 for a land reg priority search Online issuing fee £100.00 Issue os possession proceedings £40.00 Court preparation fees £59.00. Mums mortgage with Skiptons was for £76556.43 at a payment of £400.00 per month and Blemain at £232.69 per month Her salary without mine was £1000.00 per month plus tax credits. Blemain also wrote to mum about £276.00 charges that they had added but hadn't notified her of back in 2013 & 2014. They refunded the interest of this which was £47.00 in 2015 but surely that amount of charges would have put up the amount of loan thus the amount of interest chargeable for those 2 years before they refunded it back. Sorry this is so long but I am doing my best to add as much detail as possible here. Also for every £232.69 that was paid every month £179.37 was interest charges. Poor mum she never had a chance. The loan was cleared prior to mums death in 2015 when she sold her house. The early settlement figure was £14,451.27 Repayment admin fee £195.00 Building insurance charges to settlement date £371.00 Costs and charges £1,1878.00 Total settlement amount £16,205.63 Mum struggled all the way through this loan to stay on top of the payments of £232.69 and her mortgage of £400 after adding it all up she paid off £8756.19 and then £16205.63 = £24961.82 for an original loan of £13,000.00 Gobsmacked isn't the word! in their SAR a letter was enclosed saying that they are legally required to react or withhold certain info from the file. they are allowed to withhold certain information from inclusion in the request. They had also noted in their files that mum was a vulnerable person. even though they knew and had evidence that she was dying from cancer they still charged arrears charges early repayment fee buildings insurance again and further costs and charges. Once again sorry for the length of the post but I didn't want to leave anything out. I think I can claim back the building insurance ? but is there anything else ? Thank you

She's paid tax on it herself as it it savings.

Ok the money has been transferred over a period of time in smallish chunks , nothing has ever been picked up by anyone, well yet which is why he's panicking so much as someone mentioned to him that the tax man may look into it or the official receiver.

i think its best he gives it back to her. She was going to leave it to him in her will andi guess she thought she could give it to him now.

after. Hes worried because he went bankrupt for roughly the same amount as is now in his account so could that be seen by the Offical reciver as him deliberatly concealing the money until after the bankruptcy?

OK and what about the offical receiver would they think that he has been hiding the money that has now been transferred to him by his sister? could they sieze the money or see it as fraud?

Thanks Honey. 70k as ive told him it think a good idea to start transferring it back but in small amounts?

A mate of mine agreed to look after his sisters money which she was leaving to him anyway that she had in savings so when she retires in 2 years times she can claim benfits. I know that sounds bad in itself but can you just bear with me because hes in a right state about it. He got pressured into doing it and has the money in his account. The deal was she wouldnt touch it so there would be no real activity on the account, maybe taking out bits and bobs when she needed it. He always felt uncomfortable about doing it and now she is saying that she wants some money. And what is the potential fall out for him regarding this. He wants to tranfer it back to her as she hasnt retired yet but doesnt want to make a huge transaction as he doesnt want it picked up by anyone. He was made bankrupt in 2008 and discharged in 2009 and he is worried that if someone looks at his account they might think that his sister was hiding the money for him and has now given it back. Hes got himself in to such a state worrying that im worried for him which is why i have posted on his behlaf as hes so paranoid. I told him to start transferring it back at 1000.00 a month as that shouldnt look to bad an could be maybe seen as him payng a loan back or something? Hes worried about the tax man, the official reciver, getting caught up in fraud and all sorts. I guess im trying to find out whta the best thing to do is for him. Its a weird one i know and his sister should have never put him in this position. Whats the best way for him to get this money back to her with the least problems?