Swift Advances- Help Needed

[roryg]

Hi all

 

I'm new to this site and it's my first post so please be patient with me.

 

My situation is that I took a 2nd charge mortgage with Swift in 2006. Last year I began challenging them and requested full disclosure on my mortgage contract. I then stopped making payments as they failed to disclose what I had requested.

 

This culminated in my going to County Court and making an application for full disclosure. I did not get my processes quite right as a LIP and the judge declined my request due to my not siting a clear cause of action. Anyway, I began making payments again as I feared repossession. However, I sent them a SAR which they have just responded to. There are large parts of my account history that have been redacted! Can they do this?

 

Also there is no mention of any securitization of my mortgage loan to a third party. I'm not sure this is the case.

 

They are now chasing me for arrears of £8,547.80 and charging £64 per month while the account remains in arrears! They further state that all charges are added to a seperate balance running alongside my loan which will attract additional interest daily and increase my loan balance and loan term.

 

Having read some of the threads here I realise some of you have been dealing with this shower and having success around charges being repaid etc.

 

I would really appreciate any advice in this respect and/or help with my next move as I forsee things getting stick in the not so distant future.

 

Kind Regards

 

roryg

[mayrose]

we have just had field agent out telling me,,, we owe £54.000 when the loan was £30.000 at the start and payments have been paid, asked for sar still waiting what can i do court wise, i want to do something to them thats not legal, but oh wait a moment, what they are doing to us is not legal either is it, you pay and they want more the debt never goes away it just gets bigger cause they say so and if you can tpay them you lose your home and the law says its ok for them to do that, well what i saw in london on saturday mad me think, there are alot of people out there, thats had enough of ebing shafted by these **** bags and they seem more than able to take the lot of them down so they cant get back up, why should families lose their homes, i want to start facebook/site to get people together and lets form group to protect thwe right to family life in safe home, i would never want anyone to worry they way they have forced it upon us.

[lynne71]

Swift is very strange.

 

I do not think I have read (so far) of anyone actually managing to pay anything off even close to the original debt value +stated interest.

 

Seems they somehow have managed to legally swindle people.

[can u assit]

also iwe got insurance with them it cost us 9,000 for 2 years try 2 get our money back but couldnt as we were told it was for 6 years and was only for 2 years when we got policy

[can u assit]

we lost our house with swift we owed 60,000 in charges over 2 years with the interset

[can u assit]

sorry we got a 30,000 loan for house repairs my hubby lost his job when they took our house 2 years later we owed over 100,000 and after sold house wanted another 17,000 off us never got it and never will

[CatchtheMonkey]

It is on the grapevine that a certain Swift customer has just obtained a Judgement ( Friday) against Kestrel Loans No 1 Ltd ...one of the companies that Swift had sold all their loans to..........this judgement although in the County Court............is a very important Judgement............no Defence was attempted to be filed and was out of time by 3 weeks.

This will impact on Swift Advances plc severely.......so take heart.