Discussion Thread - for those with mortgage arrears charges, irresponsible lending or other unfair lender conduct

[suffering]

could anyone advise me too please.

 

you have not said what your problem is, you suggested miss sold a loan by Blemain. A loan with Blemain Ok thats a problem in its self

[highlandertom]

Hi Bankfodder,

 

I am about to send off my demand for the repayment of mortgage arrears fees, and 'payment option fees, at £25 a time, total of £450 + compound interest. I had thought that I should claim only the NRAM 4.79%, but you state that we should claim a higher rate of interest?

 

Would you be kind enough to clarify.

 

many thanks, tom

[rdm2006]

The court would allow you to claim 8% interest (so BF may be talking about that)

[highlandertom]

Thanks rdm,

 

My understanding, and please do correct me if I am wrong, is that my initial claim to NRAM is at their interest rate, 4.79%, but if, and more likely when, they deny it, I will go to court and ask for restitutary damages at a much higher rate + costs, for wasting my time

 

Tom

[kaz320]

If the broker who arranged the mortgage is no longer trading you can still make a claim to the Financial Service Compensation Scheme. If you have other secured loans on the property the only regulated mortgage would be the first charge on the property but you could still claim for unacceptable charges or mis-sold PPI on the other loans.

[andrew1]

If you have other secured loans on the property the only regulated mortgage would be the first charge on the property.

 

2nd charge loans would be regulated, but not by the FSA. The OFT under CCA regulations regulate 2nd charge loans and depending on when the loan was taken out. The limits for regulated loans were lifted in 2008.

[inneed2011]

Leeds Building Society- mortgage PENALTY fees - offer £150 for +£7k claim!!

 

I have been repossessed on two properties with Leeds Building Society.

I sent them letters for both accounts stating unlawful charges from this site.

They replied saying for compensation they will reimburse 150 gbp, then listed the following for both accounts:

 

Narrative

Costs (£)

11 x arrears letters

302.50

3 x Unpaid Cheques

82.50

6 x Broken Arrangements

180.00

5 x Field Agent Fees*

5 x Field Agent

admin

Fees

250.00

422.63

5 x Instructing Solicitors

625.00

1 x Tracing Agents

30.00

Total Of Society’s Fees

1,892.63

4 x Solicitors Costs

459.50

Total Fees and Costs

2,352.13

 

 

Narrative

Costs (£)

11 x arrears letters

302.50

4 x Unpaid Cheques

110.00

1 x Unpaid

direct debit

27.50

4 x Broken Arrangements

120.00

5 x Field Agent Fees

5 x Field Agent

admin

Fees

281.75

250.00

2 x Instructing Solicitors

250.00

Estate Agents Costs

288.00

Re-Enforcement Fee

100.00

Total Of Society’s Fees

1,729.75

4 x Solicitors Costs

2,257.85

Total Fees and Costs

3,987.60

 

They state write to the FSA if not happy, and we all know what happens when you do that, just need to know if there is anything I can do, 150 gbp for 7k in charges does not seem right.

[citizenB]

inneed, it might be a good idea if you were to start a thread with the information above.

[suffering]

Send them a bill.... what ever they charge you for a letter charge them , to receive open and flle it, charge them for answering the phone surley whats good enough for the goose is good enough for the gander! charge them for any phone calls you have made to them etc etc

[being-DUN]

FSA SRA all seam to get paid by solicitors and brokers throught fines..I just recovered from a 3 years mental breakdown which started from 1998 and losing 12 properties throught ID Fraud

Edited February 12, 2014 by honeybee13

[Helplessconsumer]

Searching via Google is pretty useless for finding legal judgements. It is quite difficult even for lawyers to research legal cases and they have to learn how to actually do it as part of their legal studies - which indicates it is a complicated process & you need to have access to the specialist law libraries to do it which is why Google is useless.