SPML mortgage in 2006 - now Acenden repo following arrears and significant charges - help

[Paulxo37]

Hi

 

I took out an SPML mortgage in 2006. I was a bit of a sub-primer and this was all I could get. It was for a buy-to-let mortgage.

 

Of course I don't have to recount to you what a nightmare this has been at times.

 

In any case I'm currently in arrears (I won't bore you with the sob story) and I have also accrued thousands in 'other charges' for insurance(?), management fees, missed direct debits and anything else they could think of, really.

 

I've had a letter and a court date from their solicitors seeking re-possession.

 

I originally found this site in 2006 when it helped me to reclaim bank charges.

 

I was wondering what advice you could give me on this?

 

I should be able to make some payment towards the arrears. I have a tenant moving in to the property shortly.

 

Has anyone had success reclaiming these charges? They are huge.

 

Thank you.

[Paulxo37]

Can anyone offer advice with this?

 

I've spoken to them and if I pay 60% of the arrears, they'll stop proceedings. If I do that I can then set up an arrangement for the remainder.

 

I also mentioned the arrears fees etc to them, and suggested I would complain. Does anyone think I'll enjoy success reclaiming these?

[dx100uk]

yes you can reclaim them.

 

sri you've been missed

 

i'll alert the team

 

 

have you all the statements?

[Paulxo37]

Yes I've got them going back quite a few years.

[OLIVE.FAMILY]

Hi,

 

I am currently going for charges with my mortgage company for both mortgage and secured loan. There is a charges calculator on here...(I will

Go off and find it in a mo). If you are sure you have all the charges they have added then all you need to do is find the average interest rate you was charged and put that figure in the cell that asks for it.

 

You just add the date the charge was made, the type of charge and the amount. The calculator does the rest.

 

There is a template letter you send with this list asking for your money back.

 

I will be back in a mo with the link

 

Olives xx

 

http://www.consumeractiongroup.co.uk/forum/attachment.php?attachmentid=34010&d=1330899255

 

Here it is x

[Paulxo37]

Thanks very much - I'll get on to that straight away

 

I'll let you know how it goes.

[caro]

Any progress?

 

 

When's your court date?

[lollyjoy6]

I complained to My Mortgage Lender

no joy from them so

 

I complained to the FOS.

 

I told them it was debt farming and not helping me

 

My Mortgage lender was sending out letters and charging me £60.00 each month and the interest.

 

I did get them removed and taken off the outstanding balances.

[Paulxo37]

Hi, I avoided the court date by paying a substantial part of the arrears and organising a repayment schedule for the remainder. This has left me with next to no money, but I felt I had no other choice. The court date was today so it was quite a relief not to have to go. I did ask to pay a lower amount but they wouldn't even budge £50 less than the amount they requested.

 

Regarding the charges, once I had paid this part, I then brought up the charges over the phone and complained at their size. I was told that this was being referred to another department, although I have heard nothing. I am now going to write to get these refunded and if unsuccessful complain as above - the FOS? Sorry, what is this exactly?

 

Thank you for posting Lollyjoy, it gives me hope I can overcome this.

[OLIVE.FAMILY]

 

Regarding the charges, once I had paid this part, I then brought up the charges over the phone and complained at their size. I was told that this was being referred to another department, although I have heard nothing. I am now going to write to get these refunded and if unsuccessful complain as above - the FOS? Sorry, what is this exactly?

 

Thank you for posting Lollyjoy, it gives me hope I can overcome this.

 

FOS is The Financial Ombudsman Service. To claim your charges you need to send the mortgage company an SAR...this is a letter requesting that the lender gives you all the information they gave on file about you...it includes all fees, charges, telephone conversations and letters they have sent you throughout the mortgage. You need to send a £10 cheque or postal order with this.

 

Once you receive your bundle go through all the charges and put them onto a charges spread sheet (there is one on here which we will find when you are ready). If you add the interest rate charged the spread sheet will add all your charged including interest. Post anouther letter to your lender with a copy of the spread sheet and ask for your money back.

They will then send a letter with a full ANC final offer. If you agree all well and good if not then send your complaint to the Financial Ombudsman Service

 

 

Xx