Showing results for tags 'mortgage'.
-
Hi, Apologies as its my first Post. I wrote to BOS regarding a PPI claim on a mortage from them dating back to 1995, the only info on my mortgage account No was found on a letter to them just before I transferred it to Standard Life in 1999. I had mentioned the address of the "Mortgaged" property and the number in me enquiry. They responded with a letter saying it was an unverified Account No and wanted more Info. I called them up and had the runaround, but was eventually told by a chap to contact Section 77, Completion Center, Premier House, Chester and they would carryout a search for a £1? Does this place exit? And what else can I give to BOS? Many Thanks
-
Morning. If someone could point me in the right direction it would be appreciated. My circumstances are this. I have been suffering with depression for years and being out of work made things worse after losing my job and had to start signing on. I was on JSA for a couple of years and whilst on that was initially receiving housing benefit? towards my mortgage (interest only) which was a massive help. I was actively seeking new work and applying etc but the bull**** work programmes drove me mad (literally) with the stupid tasks and courses designed for kindergarden. I ended up turning to alcohol and this obviously made my depression worse. I then signed off over the phone and DWP said that I could move onto ESA (I cant remember what I needed). I declined as I just wanted to get off the phone and felt such a huge relief that I didnt need to worry about being harrassed by A4E and then have been living off my credit cards for the past few months. In short, I am now massively in debt, still out of work, still depressed and up s**t creek without a paddle. Where can I go from here? I need financial support. Im aware I need to get further help for my depression but whilst I have the added worry of being close to getting into a position I am going to lose my home, I need to get this sorted first. What are my options? Obviously I can sign on to JSA and go back to A4E but this has to be the last resort. I am /never/ going to get better while I have to endure that belittlement on a daily basis. Now I'm sure I can register for ESA - but how do I do this. Do I need to goto my doctors first for a sick note or do you register first then prove it later? Because I was on JSA, can I just ring them and ask them to put me on ESA without having to apply for anything or has it been too long now? I cannot emphasise enough that I really struggle with 'people' and waiting. Filling in application forms is fine, but going to interviews and doctors is something I dread and sends my anxiety sky high. And last but not least, my mortgage support stopped last time (from memory you could only have it for 12? months). How long do you need to be off benefits before going back before they will give you the mortgage support again and can this be got on ESA or is that JSA only? Thanks in advance. Mark
-
Need removal of Ex from Property/mortgage deeds
HP Mum posted a topic in Mortgages and Secured Loans
Hi Am asking this on behalf of a friend: Barclays Mortgage In joint names of man (friend) and his ex partner (not married; now living with someone else). She left him and the property in 2007. He has continued to make mortgage payments (repayment & Interest / apx 8 years to run). She has made NO payments since 2007. (He has also taken care of 5 kids) He wants to get her name off the deeds and mortgage and he wants to sell. She has disappeared. How can he resolve this? He also doesn't want her to benefit from the increase in property value since 2007 !! Mostly because she left him and has contributed big fat 0 ever since.... Does anyone have any advice please ?? -
My husband has filed N1 form against his mortgage lender for unfair charges after they rejected his initial claim. We have received a bundle from them last week followed by a threatening letter yesterday saying charges are fair and he would be liable for their costs if he does not discontinue his claim by a deadline given. What does he do next. Should he continue with the claim or write a letter to reduce the amount of initial claim and what case law can he prove to back up his rights on this. Thank you in advance -
My friend who is in the middle of divorce has been refused 3 mortgages due to her husband late payments of their mortgage over the last few years, which has affected her credit rating. She now has two weeks to vacate her property with her son and look for another one. She is unable to afford the landlords extortionate rental prices and will be in effect homeless. Is there anything she can do?? -
After some research on here I now know the true horror of what Vodafone have done to me. To cut a very long story short my Vodafone account was closed early and paid up by me in June (so I thought) PAC code transfered all done. Goodbye Vodafone - hurrah! Get a letter in September saying I still owe £90odd . I have contacted them on many occasions saying please can I have an invoice so I can see why you think I owe this? Athough promised each time nothing received, next I get mail from debt collection and then black mark on my (previously perfect) credit history - Just as I'm apply for a mortgage! Thanks Vodafone!! they can say I owe them something , not produce an invoice to back this up and then ruin my chances of getting a mortgage with absolute and complete impunity! On the advice of my mortgage broker I paid the o/s amount to minimize the damage. When I did this I was told i could speak to the team that placed the marker against me as I wanted to explain it was paid late because vodafone did not supply me with the information required to resolve the dispute and therefore please remove it. After the amount was paid I was put through to sales! When I called back to try once again the line was dropped after 50 minutes . I just dont have to time to spend many more hours on the phone to receive empty promises. So even after paying an amount that im not sure I owe I still have got nowhere in clearing my name . Its shocking and I cant think of any other industry where people could behave like this and get away with it. -
[ATTACH=CONFIG]59556[/ATTACH] April 2014 This guide is for you if you’re relying on an endowment policy to repay your mortgage and you’ve received a shortfall letter. -
More than 40,000 British borrowers are in line to get thousands of pounds in compensation after the High Court ruled against former bank Northern Rock in a test case over the wording in past loan documents. The court judgment said about £258m could be paid out in compensation by taxpayers, as the government now owns the part of the bank that made the loans. The amount is more than Northern Rock’s highest estimates. The payments will go to 41,000 former Northern Rock customers - at an average of £6,300 each - and are likely to prompt other banks and the regulator to double-check whether any past loans were incorrectly worded. The High Court ruling released on Wednesday was against Northern Rock Asset Management (NRAM), the "bad bank" of Northern Rock that was nationalised in 2008. NRAM effectively brought the legal claim against itself to test whether documents issued to customers under previous "Together" mortgages were incorrect and if it owed compensation. NRAM is considering whether to appeal the ruling. Subject to that appeal, it is expected to offer compensation to the affected customers without them needing to apply through the courts. http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/11285163/Former-Northern-Rock-customers-set-for-258m-payback-after-court-ruling.html Full ruling here: http://www.judiciary.gov.uk/judgments/nram-plc-v-mcadam-hartley/ -
Here is the background: I have an interest only mortgage of £208K with Chase now JPMorgan. The mortgage term ends in Nov 2016. I have never missed a mortgage payment in 15 years or been late. Our house is worth £280K according to recent sales in our road. Two years ago I had to take out an IVA for the £30K, so have 3 years to go. The problem: I have approached Chase and asked if I can extend the term of the mortgage by 5 years. They said I had to be treated like a new application and because of the IVA they could not help me. In fact no mortgage company will help me because of the IVA ,unless I put down a deposit of 50%, which I have not got. Is there anything I can do to persuade Chase to extend the mortgage for another 5 years? In that time I can get myself straight and pay off the IVA. If I had been in arrears, it seems that the banks are willing to help. I must have proved that I’m a good bet for a mortgage as never even been late for a payment. Does anybody have any suggestions please?
-
Hi I currently have a together mortgage with NRAM, got this back in 2006. I took this mortgage on with my now ex girlfriend. For the last 4 years I've been trying to get her off the mortgage and she is happy for this to be done. I have 3 defaults on credit cards, which are due to expire in 2016, when I asked NRAM to do a change of parties, they want to do a affordability check, which then stalls due to the defaults. They won't even go any further with the application as soon as they hear the word default. I have paid the mortgage without any missed payments for the last 4 years and find it frustrating, that NRAM simply can't remove my ex who doesn't work and hasn't contributed in those last 4 years. Surely they should look at the payment history on the mortgage to see there aren't any issues. I know the affordability checks are to stop people overspending, but they aren't supposed to use this with existing customers. Has anyone been in a similar position with NRAM and actually managed to get their ex removed from the mortgage? Thanks in advance Chris
-
Has anyone had problems with Halifax losing claims. I have just phoned to make sure that claims sent recorded delivery and signed for on 29th October are being dealt with and have been told they haven't got them . There were 4 seperate claims in the same envelope plus a letter of authority . The person at the other end couldn't put me through to anybody as they were in the Phillipines. So now have to resend and wait anothet 8 weeks
-
Hi I would like to send a letter to my loan company offering them an increased payment monthly to clear off the arrears on my account. I have completed a budget sheet and will include this with my letter. Is there a template I can use, or can someone help me with the wording please. I have received default notices and i think the lender is taking legal action and looking to repossess. I want to stop this if possible please. Thanks. -
Hi All, I am in dire need of assistance! I have recently been applying for a Mortgage which has been declined last week due to a default being placed onto our credit files (Me & my wife) by Halifax for an old basic current account which we have not used since 2009. A brief timeline of the events so far.... 17/07/2015 - Applied for mortgage via broker, lender credit checked and issued DIP the same day. 31/07/2015 - Unknown to us until yesterday a new entry for "Halifax" added to both my Wife's and my credit files. 17/08/2015 - Formal mortgage application sent to lender. Lender conducts another credit check and obviously discovers that a default has been added on since the initial credit check they carried out in order to issue the DIP. We had already chosen the property, had the offer accepted etc. The solicitor has ordered the searches as well so we could be considerably out of pocket. I have not had an adverse mark placed on my credit file in over 4 years so to have a default placed 2 weeks before a formal mortgage application is just about the worst thing that could possibly happen timing wise!! What is even worse is that the default is for £39!! The entry on our credit files is as follows: [ATTACH=CONFIG]59110[/ATTACH] As above this account has not been used at all since 2009, we have zero communications from Halifax no statements, letters nothing whatsoever. I managed to find some old paperwork with the account number on it so called into a branch today to en quire as to what had happened to cause a default to be placed suddenly after so many years of inactivity. The chap I spoke to in branch trawled his computer to find the last transaction and issued me with a mini statement which reads as follows..... Sheet: 1 Of 1 Date Issued: 13/02/2010 Date Activity Paid Out Paid In Balance 13Feb10 0.00 13Feb10 CHG ACCOUNT CHARGE 15.00 0.00 15.00 DR TOTAL PAYMENTS/RECEIPTS: 15.00 So as you can see the balance on the account was zero, then for some unknown reason Halifax applied a charge of 15.00. Presumably this has been incurring interest for the past 5 and a bit years hence the default of £39.00. There are no other transactions recorded for this account after Feb 2010. I appreciate the correct approach to this would be a SAR etc.. however as explained above I have just had my mortgage declined. Our existing tenancy agreement terminates in October with no change to renew. And I dare say we will struggle passing the stringent credit checks carried out in the current rental market. So I need to fix this problem as quickly as possible, we also have an appeal in progress with the lender which I am pretty sure will not succeed whilst these marks remain on our file. In summary Halifax have put us into a dire position by registering defaults based solely on a single bank charge some 5 and a bit years down the line!! Without any notification whatsoever. Obviously I need to send a letter asap but my head is a shed at the moment and would appreciate someone giving me some starting points.. Many thanks in advance for any assistance offered. -
I have been working as a self-employed mortgage broker until I resigned in July 2015. I signed a service contract with the company and commission was to be paid at the end of each month on a 50% split basis i.e. I get 50% of the commission for all business I write. Business has been very slow and in August 2014, the company incorporated under an umbrella company who took on most of our compliance. The director told me that the commission split would change to 35% for the first £3,000 of business written and 65% thereafter. This was apparently done to reward hitting higher targets. This was never confirmed in writing, only verbally. I left in July and got a commission statement at the end of July, although no commission was due. The contract says we will continue to receive commission for 3 months after we leave, so I expect a commission statement at the end of August, but nothing! No commission, no statement - I have chased it 4 times and still nothing! It turns out another colleague who left in July is having the same problem, so after making contact with 3 others who left in the last year, it appears this is a common theme! I have asked the umbrella company to provide me with a list of all commissions due for business I have written and dates it was paid to the original company so that I can piece together exactly what is due. I would like advice on several areas here, as I believe I am owed £4k-£6k: 1. Should I send a subject access request to both companies to get the info? 2. Should I report this to the FCA because this is a regulated company and the guy that runs it is supposedly "fit and proper"? 3. As it appears there has been a deliberate attempt to defraud employees over an extended period of time, what other legal options do I have. Many thanks, D -
Hi Everyone, Does anyone have any experience/advice regarding SAMS? My late father took one of these out in 1998 for the amount £16,875. I am in the process of selling the house to fund a care home for my mother and have contacted Barclay's to find out the settlement figure on this and am shocked to discover that this repayment is going to be between £90,000 - £110, 000! (am awaiting final figure) What I would like to know is if anyone knows of any cases where these have been challenged and won, as I am getting nowhere with my inquiries and really don't know what to do about it. It seems grossly unfair that my mother now looks likely to only have £55,000 left once they have taken their chunk. I feel this was miss sold but am unable to prove this. I say miss sold as my mother did not realise the final payment would be so much as she always said 15% of the house belonged to the bank and also in the proposed credit agreement it only gives a 2 year final payment example - which does look reasonable, I can find nowhere which details further repayment projections. The repayment figure is based on the difference between the value of the house in 1998 and now. The calculation is based on 3 x 27% x £110,000 (difference in house value then and now) + original loan + 2.9% interest. Has anyone got any advice as what to do? Sue
-
For the full article - http://www.thetimes.co.uk/tto/money/article4145294.ece?shareToken=bd142f84e62bcef60ccc3555768bc420
-
Hi team, looking for some advice I have beaten a very serious gambling addiction a few years ago for which I received professional help, but, left my Santander mortgage on the brink of repossession, over £6k in arrears for a number of years, have worked 7 days a week, 72 hr weeks on overtime to pay the arrears off, and as of last year it is now up to date I am scared to think of the charges they made on me for my arrears specially as it went to solicitors Aberdein Considine twice, and they charge£££ hundreds if not more. Now that I am up to date do I have any recourse to claim the charges back? I was never offered interest only etc. Any advice would help -
**Please accept my sincere apologies if I posting this message in the wrong forum (newbie)** Please can I have some help/recommendations on the following?: In FEB 1994 I took out a mortgage with Lloyd’s Bank (the underwriter was Blackhorse) and the term was for 12 years (FEB 2006). I moved in DEC 2000 and still kept my mortgage with Lloyds Bank but the underwriter was now Cheltenham & Glouster, in 2001 I paid off the mortgage following redundancy payment from my employer. I have found a PPI policy for the Blackhorse mortgage (I assume I paid PPI on this from FEB 1994-DEC 2000) but cannot find my Cheltenham and Glouster mortgage PPI policy. I do recall in 1994 that I was told I needed to take out the PPI policy in order for the mortgage to be accepted but I didn’t need the insurance as I worked for ‘Lloyds of London’ and would have been covered if I couldn’t work due to illness ect. My questions are: 1) Do I write to Lloyds Back directly as they provided the mortgage regarding the PPI or do I write to the underwriters Blackhorse and possibly Cheltenham and Glouster regarding the PPI? 2) As this is relatively old now am I still able to make a claim for misold PPI? Thank you for reading and thank you for any help you may be able to provide. Kindest Regards
-
This one is weird. My mortgage statement from Dec 2013 shows NRAM have written off a mortgage shortfall off approx £590k (yes, £590,000). I do not have a statement for Dec 2014. I am not sure if this is a true 'write off' or whether it is just transferred to a suspense account or the like. The property was repossessed by NRAM in August 2012 after a long long fight. The mortgage was almost £1.1m with all costs and charges and arrears etc and the property had been worth £1.2m. Before repo we had offers of around £900k but could not sell as it would not clear the mortgage and NRAM are the most unreasonable company I have ever had to deal with. The property was repossessed and the same agent who was marketing it and had said it was worth around £1.2m plus then 're assessed it' for NRAM at about £650k, yes £650k and they continued to market it at a much lower price. The buyers at 900 magically disappeared. It didnt sell even then and was gradually reduced during 2013 until an offer for around £570k must have been made. We only knew this as I saw it on a different agents web site and decided to try and stop the sale as an under value sale. We even went to court for an injunction to stop the sale but lost although a potential case for an undersell is still possible. I feel very strongly that there was an arrangement for the agent to get it to sell as low as possible for his own personal reasons (we had known him for 10 years and he said this was one of his op 5 houses in the town). There was something just not right about the process although I cant prove that. The sale went ahead in Aug 2013 and the only thing we heard from NRAM was when a statement arrived in Jan 2014. It shows the proceeds of the sale £540k plus various other smaller amounts, agents costs etc and then it says Repo Writ-Off Cred ....... £590k. This takes the mortgage account down to zero, exactly. A cheque refund of £1500 is then ADDED which takes the balance owed to £1500 (no idea what the cheque refund is). Anyone reading this statement would say our mortgage balance is £1500. It is not a sales statement, it is our annual mortgage statement. Recently we were contacted by letter from PRA formerly those monsters Mackenzie Hall. It gives little detail accept our mortgage ref which is why I know its connected. I do not want to contact them or NRAM yet. NRAM know that if they chase us for shortfall they have a fight for undervalue so is it possible that bearing in mind what the statement says, does this look like they have unilaterally written off the debt. It is possible the PRA contact is only for the £1500 and not £590k. Not sure PRA would deal with this high value shortfall. We have had no letters assigning any debt either. We have a great deal of other debt but with a few things that are happening that debt might be manageable, the NRAM debt would be a big problem. The other weird thing is that the sale is not registered with Land Registry from July 2013. I cannot find any sale of our property registered anywhere apart from our own purchase in 1999. i have searched numerous websites including land registry which list all sales in a road/post code for many years back. I have not paid for a title check.
-
I would like to begin by thanking in advance anyone who takes the time to offer any advice. I was recently made redundant, and after a couple of months still have not secured a postion. I have around £5K in savings which will last a few months. I have a motgage with santander of £253k and unsecured debts of £45k I did have a job, and was about to remortgage and repayed everything over 15 yeas, even had a mortgage offer from natwest on the table. My question is whether it is worth doing a cca on the unsecured credit card debts...if im honest I'm not 100% sure what the rules are with them.... I figure this will make the £5k go further. also is there any advice on mortgage deferral...and is it worth doing? kind regards
-
Need a lot of help on this one please for a very good friend... Basically she had a mortgage with her Ex, but they split up and finally divorced in 2012. She just wanted to get away and basically waved all rights to the house, in the divorce papers it actually states that any property is to be treated as if death has occured unless there is a Will. She been asking her Ex for many years to be taken off of the mortgage, but it was one excuse after another, so today we decided to phone the mortgage company up and had on loudspeaker so I can listen. Basically the mortgage company have said unless the Ex phones up and says he wants her taken off the mortgage then there is nothing they can do. So she is literally stuck on it, an in reality at risk her self.. They say he has to satisfy criteria that he can take over the mortgage on his own.... But in reality she doesnt care what happens to the house, as no matter what she wont get anything.. What is the best way to move forward because in reality he knows he wont satisfy the criteria on his own despite paying it for the last few years, so he can just sit with her name on the mortgage for as long as he wants untill it suits him Please if anyone can advise the best way to proceed...
-
Since 1988 we have been victims of fraud by a Building Society – now part of a major bank. In 2006 we exposed part of the fraud ourselves; the FOS upheld our complaint; on the same day the Building Society registered their displeasure by surcharging us an amount equal to twice the refund ordered by the FOS. Evidence discovered subsequently via the FOS (using the Freedom of Information Act) showed there had been other infractions by the Building Society. The City of London Police declared there have been fraud; we now have a case number. They asked us to forward details to the Financial Conduct Authority. Our mortgage was redeemed precisely on the prescribed date but, unknown to us at the time, the amount was split by the Building Society and used for other purposes. By way of explanation to the FOS, the Building Society claimed that an endowment policy had been inadequate. However, there had been no endowment policy used in the settlement. That had been the third piece of false evidence they had submitted to the Ombudsman. A surcharge valued at 10% of the mortgage was made against us by the Building Society soon after. There had been other such sanctions by the BS totalling over half the capital amount of the mortgage. At the time of our invoking the Freedom of Information Act 2000, the Bank seemed to be aware there had been earlier transgressions by the Building Society, for some pieces of information had been redacted. We have notified the ICO. Our numerous letters to the Building Society asking them to address these issues have been ignored for the past 7 years, They have however continued to charge us £40 routinely, now amounting to over £11,000, all of which is based upon a fake debt, contrived by the Building Society. Action Fraud have explained they are too busy to progress our case. The FCA do not deal with individual cases. I, at the age of 77, do not have the funds to confront a major bank at court. We have been given to understand that the Statute of Limitations (the 6 year limit) which is available to defendants at the FOS, should not be available in cases of criminality, and so our case was not suitable for the FOS to deal with, either in 2008 or again now. 1. Is there anyone who finds this at all familiar? 2. Does anyone have a useful suggestion on which way I should turn next for help? For reasons of brevity there is much I have not explained here, but I have compiled a chronological and more comprehensive account, cross referenced to a compendium of evidence. -
I understand from someone that Paratus have issued letters informing of an interest rate rise ? I wasn't aware of any rise in interest rates. Anyone had one of these letters ?
-
Hi Guys, I'm glad i came across this site. I've been doing some in depth reading regarding the process to have an SAR carried out on various lenders etc. In the past I've had the following: Black Horse Loan (2002ish) Applied for my PPI back and told they couldn't find account (now they've been fined 110+ million i'm sure they'l be more helpful Halifax Bank Account BOS Bank Account Birmingham Midhsires Mortgage. I guess my question is can i just send a single SAR to Lloyds banking group HQ (now that they own all these subsiduaries) or will I have to make one to the individual companies within the group. -
Recently, I have been seeking a mortgage and have been to three mortgage brokers to get a mortgage quotation. Since receiving quotations I have selected a mortgage broker to act on my behalf, making my full credit report available to them, and also presenting all the required documents required for the application in principal. Before, I selected this broker, a previous mortgage advisor, has decided to obtain a mortgage in principal without formal consent from myself, which has had a negative impact on my credit report as he did not have access to it, and I have not given him my report as I had not selected him. Also the broker has not been presented with any of the supporting documents required by a lender. Could you please advise me of where I stand in this situation? Many thanks, M
Latest
Our Picks
Reclaim the right Ltd
reg.05783665
reg. office:-
262 Uxbridge Road, Hatch End
England
HA5 4HS