hello, hoping someone can help and point me in the right direction. In hindsight I wish i had done some reaesrch beforehand and found this site 10 years ago as now i wouldnt be in the mess that i am in so in 2008 i was in desperate need of funds. I approached a broker who introduced me to lancashire mortgages. initially i went for a bog standard mortgage but due to my circumstances and being self employed it was turned down at the initial stages. they did however offer me a secured loan. i should have seen it then that it was a trap. i took out a secured loan in august 2008 for 26k adding in fees etc it came to 30k. my payments were set @ £310 per month for 300 months in the agreement. I was stupid and desperate and didnt fully understand what i was getting myself into Having re read the agreement now (as i recived a letter a few days ago, more below) it stated in a clause that i understood that this agreement was not to be regulated by CCA. had i done my due diligence and was not so desperate i would never in a day have signed something like that. The first year went fine. all payments made. then in 2010 my employment became erratic and i started to miss payments. the usual threatening letters and calls followed and they put the £35 charges on to the account more than a few times. i always made the arrears payments as soon as i could. over that year and a half i got in total 44 call charges of £35 each and 5 £150 for letters sent for initiating proceeding and 3 for sending letters advising possession proceeding starting @ £500 a pop. It was a bad time. However i paid all the arrears off etc (not the additional charges they popped on) Since then i have always paid on time. for the last 7-8 years i have never missed the agreed payments always in the hope that i can save and pay off the damn thing (I can hope cant i?) the other day i get a letter with a break down of my payments since 2008. I was horrified that i have paid near enough £30k since then (the total loan amount) and there is still 15 years left which means ill end up paying over 90k if i continue!!!! that wasnt the worst however, they have said that my plan isnt on schedule and i have to pay £12k by mid august (given literally 2 weeks notice), to give them a call to discuss options. I literally broke down. no outline as to what that £12k consisted of and no breakdown. letter just says that i had failed to keep to the agreement (well the agreement was to pay £310 a month for 300 months which is what i have been doing) . The agreement was to make 300 payments of £310 per month which i have been doing on a regular basis for 7-8 years now with no missed payments. the APR has always stayed the same with no change even the payment breakdown shows this. Yet the interest accrued was now at £380 per month. looking at the outstanding balance its at £38k!!!! i literally broke down and haven't managed to get out of bed until now I have read all the other posts and know that it changed they from blemain to together. I need to get out of this bad situation. I always knew that i would have to make the payments each month and id have to pay the initial loan amount which was inevitable with such leaches. I was bidding my time to pay as low redemption as possible. started off at 5% and now its only 1%. also with the hope that my fortunes would turn and i would have the funds to pay the leeches off in one go. However the outstanding balance is now £38k and they want an additional 12k and thats not even redemption figures. To top it all off they have registered themselves on my property with land registry. No where on my agreement does it say thats its regulated by the CCA in fact there is a small clause on the first page which states that i understood that it wouldnt be regulated by the CCA and stupidly without understanding the consequences i signed. I thought after april 2008 that the 25k limit was lifted for such agreements to be regulated by the CCA as its what i have read on other posts on the forum? and thus am i right in thinking that my £30k loan is regulated regardless of the tactic they used to insert that clause? is my agreement regulated? can they be adding the interest like they are without even once notifying me that its increased and to advise me to increase my payments? the interest rate has always been the same since day one.. never have they contacted me to say i need to increase payments(why would the i know).. So stuck... they are ripping me off left right and centre and i dont have the will to live. bleeding me dry like leeches. What can i do?? i have to call them in the morning to discuss options but i wont say much or agree to anything as surely this must be illegal or downright immoral. i must have some type of recourse? Can some one help? shed me some light? Thank you...

Please is there anyone out there that has taken the NHS partnership mortgage with Nationwide. Who has either taken them to court and won or lost their case. Would be great to connect with someone who has been dealing with them regarding the equity share as we are at the moment . thanks 123fat

Hi everyone, I'm hoping someone can offer a little help and advice. I wish to serve a SAR on the bank that previously held my mortgages (I had two linked to the same property, due to undergoing a - relatively amicable - divorce and being obliged to buy my spouse's interest in the house - who had no desire for the property...just the cash). I've lost all of the documentation, pertaining to said mortgages. I would like copies of the original offer and subsequent agreement along with all terms and conditions (including those if/as and when they may have been amended). Additionally, I want the bank to provide a full list of mortgage repayments made by me and received by them along with details/notes of any and all communications between our parties, howsoever conducted (written, telephone, carrier-pigeon etc.,) as well as any manual notes and/or interventions which may have occurred with regard to my account, throughout the term of the mortgage. Does such a SAR template already exist or is there any member of the forum who may help me to properly draft a suitable Subject Access Request? I'd be extremely grateful for any help/advice/referrals. Many thanks. Jib T

Hi. I seem to be having trouble with the above company with regard to interest rate, increasing monthly payments and charging £50 per month for being in arrears without an agreement. Is there anyone who has had or still has a loan from kensington secured on there house. If so can anyone tell me what the svr was on their loan in March of this year. Also does anyone know whether one can obtain a written statement of kensingtons svr for the last 5 years? Has anyone had their mortgage payment increased even though there was no increase in the interest rate? Has anyone successfully reclaimed the £50 charges and if so how does one go about it. I know this is rather a lot of questions but it would appear that second mortgages are not covered by the FSA and therefore help from them seems not to be forthcoming. many thanks

Hi all, Long story short, applied for a mortgage with Halifax and Natwest, but due to a default thought it would be impossible. Halifax turned us down point blank due to late payments and the default and with the new rules for mortgages credit went from A+ or something to a C+. Anyway Natwest have accepted us and arranged for a survey to be done. Which is getting done next Friday. Which is great. What happens after this? Is there anything that could be done so they decline it? Just after best and worse case scenario really Thanks all

Hi Guys, I need your help please! My girlfriend and I are looking to buy our first house together and for this we need a mortgage. I have previously had a poor credit history With working on this for a few years I have now managed to get all my defaulted accounts and bad accounts removed, there is still one account which has had 1 late payment but this is 8 months ago and has been kept up to date since. i pay my credit card in full every month. I have also had car finance for over a year now which is all clean and no payments missed or late and always paid on time. Even with all this my credit score is still only showing as 2 star and a score of 569, can you please advise why this is and how I can now get this in the 700's? I don't understand why it is still so low even though my credit report now looks good. I have been registered on the roll since 2005 and have never moved address, there hasn't been any applications for credit for over 1 1/2 years. Your help is very much appreciated. Thanks.

Hi, I hope that someone out there might have some helpful information for me. In the late 2000's I managed to get myself into a considerable amount of debt and ended up having my house repossessed. As some of you will identify with this was an extremely stressful time and put a large strain on my marriage. My house was repossessed in 2009 and was , I believe sold at auction. I have never been able to establish how much it sold for. In no small part because we 'upped sticks' and left and I never informed Natwest who I had my mortgage with of my new address (frightened, worried , head in the sand etc.). I am now being chased for a £36000 shortfall by G.E Money who I had a secured loan/2nd mortgage with. This £36000 is basically the amount outstanding on the loan...meaning they received no payment from the sale. I owed around £50,000 to Natwest and I have heard that the house sold for around £80,000 so some of the money should have gone towards the GE loan. Does anyone know how I can find out without stirring up any old problems as I have made massive advances in clearing other debts and I'm worried about any potential outcome if I contact Natwest..(ie outstanding fees ect).

Getting a mortgage and have been advised by the bank that Life Insurance is compulsory. Was quoted £45 a month and when I said that I would shop around was told that it wasn't worth it as I would have to get Lawyers involved to sign over the policy to the bank. A quote through Aviva is £11 a month. Are the bank right in this? How much will it cost for a Lawyer to sign over a policy saying that I will save over £300 a year.

Just found this whilst browsing the web Mortgages - Legal Mortgage Deed Related information Challenging unfair terms in financial contracts Reporting unfair contract terms Changes made to contract terms See how to protect your finances Related links Consumer Direct Complaints about personal loans, hire purchase, credit cards and other credit products Financial Ombudsman Service The independent service for resolving disputes between consumers and financial firms London Scottish Mortgages We reviewed two terms in this contract. Term 1 What did we think was unfair? A term appeared to give the firm extensive freedom to impose charges on customers. It also said that customers would pay the cost of any enforcement proceedings. Why did we think it was unfair? The term appeared to allow unreasonable freedom to impose charges. It also appeared to make customers pay for enforcement proceedings even if they began because of the firm’s negligence, or the firm lost those proceedings. What has the firm done? The firm agreed to make the term more reasonable and reduce its freedom to impose charges on customers. Also, the firm will not pass on the costs of enforcement proceedings unless they are rightfully started. Old term 'You must pay on a full and unqualified indemnity basis all fees, expenses, taxes, liabilities and legal and other costs... in: (a) the preparation, completion, registration, administration, protection and enforcement (including the costs of any proceedings) of this mortgage…' New term 'You must pay on a full and unqualified indemnity basis all fees, expenses, taxes, liabilities and legal and other costs …reasonably incurred by the Lender in: (a) the preparation, completion, registration, administration, protection and rightful enforcement (including the costs of any proceedings) of this Mortgage…' Term 2 What did we think was unfair? In the mortgage terms and conditions there was a term stating that early repayment charges may be payable. There was no such term in the Legal Mortgage Deed. Why did we think it was unfair? Customers reading the Legal Mortgage Deed might think early repayment charges do not apply. What has the firm done? The Legal Mortgage Deed now includes a cross-referencing clause so customers know that terms covering early repayment charges are in the mortgage terms and conditions. New term 'Should you wish to pay the Secured Amounts early, the Lender has the right to make an early settlement charge. The charges that will apply are set out in the Offer and the terms that will apply in relation to early settlement are set out in clause 6 of the Loan Terms and Conditions.'

Hi just curious if anyone has had one,good companies.. is it really a good idea

Hi, I have a 'Mortgage Promise' from Halifax subject to survey, and have been trying to orgainse the deposit (they want 25%). I was owed some money which I am getting back and some which will be gifted to me and some which will be lent to me (from a family friend) to make the required deposit. Some of the money owed to me has already been returned but its cash. I am not sure whether to ask the person to make a cheque and take the cash back, just in case the bank starts asking questions about where the cash came from ? if its a cheque they can see where it has come from so should stop them asking? And will the gift and some money which is being lent to me, be ok for the deposit? this will be given to me via a cheque, so their is a paper trail. what do you reckon, will this be ok

I have downloaded a subject access request letter.Could someone tell me where to send it,do I send it to the mortgage company. Thank You:???::???: