Welcome Finance/Coast Finance Loan

[PapayoohZoom]

Hi all

I would like to free the Welcome(Coast Finance) loan from being a second charge with foreign debt buyers.

I am still going over the eye opening good stuff of CRUZ.

 

Have you further points that I am to highlight in Court? That would be very helpful.

 

• I am presently looking at if we both signed the land registry application(Coast  and I). as - as a joint owners - on a property jointly owned.

• I would like to be in a very strong position to drive down a very low F&F to get this charge settled and removed.

• there is also many things missing from that that does not meet the requirements of the prescribed terms & conditions under the consumer credit act.

   

  there are NO T&C's with your dual names on them...

   

 Kindly can someone please explain more so that I can remove this charge from foreign debt buyers and keep our home....

I am £15k in debt with Welcome now Coast Finance owned. Mostly its fees and charges applied.

I am not paying them anything at the moment. I will start paying when the second charge is off our land registry.

 

There is another issue of Welcome Finance statement not the same as Coast Finance.(meaning that is a breach of contract.) Ohh that is another issue for later,

 

Please help.

Kind regards

PapayoohZoom

[dx100uk]

not sure what you are thinking here?

 

who owns the property you alone or with a partner?

 

who took out the welcome loan?

 

you alone or joint with a partner?

 

welcome/coast can never be a joint property owner on your deeds, simply a charge holder.

 

 

[PapayoohZoom]

Ohh sorry I may be holding the wrong end of the stick.

 

May I ask a question?

Is it possible for me to remove the charge?

 

That is if my debt is owned by a foreign buyer?

 

I alone took the Welcome loan and I alone own the property.

Thank you dx100uk

[dx100uk]

doesnt matter who the owner of the charge is now sadly, uk or otherwise - that is not a reason for it's removal.

 

only ways to remove it...

 

pay it.

 

or

 

argue its not legally enforceable because of xxx paperwork issue - never been successful. never seen a reduction in figure owed even if it were not.

 

prove the outstanding balance is not owed due to unlawful penalty charges and / or insurances ...reading the cruz thread tells you everything you need to get and know to attempt that one.

 

rock and a hard place.

 

also type coast in our search.

 

dx

 

 

 

 

 

[PapayoohZoom]

Thank you so much dx100uk

I am enjoying Cruz's thread. Its soooo long and so helpful.

 

I will get in touch when I have more questions after searching and looking at what you provided.

Thank you again.

[PapayoohZoom]

Hi

At present I am with the Financial Ombudsman and they are saying Welcome/Coast are correct and I should pay the £15k

That I should take the 'Breach of Contract' case to Court as they dont look at that.

( Breach of Contract... because Welcome Statement of Account differs from Coast. I phoned Trading standard and they said if its like that its null and void.)

Ombudsman said I could escalate the matter to the Higher Ombudsman if I wish. But what for? if they say Welcome/Coast is correct. 

So my decision is to go to court.

• Should I write to Coast first, see if we can settle out of court?
• Mention about fees and charges and irresponsible lending. Please may I have this link and attachments available

• http://www.consumeractiongroup.co.uk/forum/showthread.php?330996-Latest-Spreadsheets-PPI-Claims-and-Charges-Claims-Dec-2011

• If you agree dx I would like to complete the CISHEET

Am I making sense so far. This is all I have been reading from CRUZ' thread !

 

[dx100uk]

Pers i dont think a paperwork wriggle nor irl will work.very dodg y to gotto court on

 

Get the foscisheet done.

 

Dx

 

 

 

 

[PapayoohZoom]

Hi dx

May I have a ' foscisheet'  to complete please. (I don't know what the sheet looks like)

Could you please set an example so I can follow.

 

So what do I tell the Ombudsman?

 

I really appreciate you.

Thank you dx

 

[dx100uk]

eh?

you posted the link to our spreadsheets in your last post

 

[PapayoohZoom]

Yes but is no longer available to view or print

 

Got it . Have downloaded

Thank you dx

 

I hope I have done it right.

Is this what I am to expect dx?

19/08/2005

Title number GR........

£15,286.73

154

£508,525.37

[dx100uk]

Choose files.

Upload it 

 

Dx

 

[PapayoohZoom]

Hi dx

This is the info I have.

 

zoom.

 

No, I have tried since morning to upload the info and.... I am missing it.

 

I cannot convert to pdf???

 

[dx100uk]

Why not?

 

See the listed websites in our upload guide

[PapayoohZoom]

Ohhh Okay I got it..Pheww at last

 

I am still working on other files to send to you.

loan agreement 12-08-05 £26043.60.pdf

[dx100uk]

Get it all done inc your cisheet

put everything in one mass pdf

Dont newd individual files.

 

Dx

[PapayoohZoom]

By the way, this is one loan. O original £7510

 

 

2006-08-28 Loan Agreement £226.34PCMx300mts £67902 .pdf

[dx100uk]

Why have you posted a blank spreadsheet? removed

 

You need to do a spreadsheet for

the ppi + lifecare

for penalty charge for

for the mortgage indemnity fee

 

Youve been had blind from day one.

 

 

 

 

[PapayoohZoom]

But how do I complete them?  Please show me an example and I will complete them.

Please find more info attached.

 

land reg + statements.pdf

[dx100uk]

you enter every penalty charge on its date - one copy

 

you enter every PPIPCM% figure for everytime you paid on its date. in another copy

 

PPIPCM% =

 

total PPI+MIF charged/total of loan X 100

 

that gives you the % of each payment you made that went to PPI/Life

 

100'S of PPI threads here to read.

 

Or click the instructions tab on the sheet .. 

 

 

Dx

[PapayoohZoom]

Hi dx

Probably the most important info that I missed.

This is the best  way I can provide it.

 

09/12/2006	M39	Capitalisation	£220.80		£17,756.79
26/11/2006	M83	Payment	-£226.34		£17,535.99
09/11/2006	M39	Capitalisation	£220.87		£17,762.33
26/10/2006	M83	Payment	-£226.34		£17,541.46
09/10/2006	M39	Capitalisation	£322.75		£17,767.80
26/09/2006	M83	Payment	-£226.34		£17,445.05
25/08/2006	MAC	Migrated Acceptance Fee	£235.00		£17,671.39
25/08/2006	MLI	Migrated Life Cover	£180.00		£17,436.39
25/08/2006	MPS	Migrated Payment Protection	£2,256.39		£17,256.39

 think I am getting myself in a twist.

From the info I have provided(Registry -mortgage Statements for which the last page is the one above) please help direct me which are the amounts to choose:

• Penalty charges
• PPI+Life care amounts
• Mortgage Indemnity amounts

 

when I am through doing the spreadsheets do I send  to the ombudsman and Coast?

 

Please may you delete the contents sent to you on Thursday 15:14

 

Thank you

[dx100uk]

no pop them up here lets check them.

 

dx

 

[PapayoohZoom]

Hi dx

Here they are. 

I am left with Penalty charges and Fees.

Thank you.

FosCISheet v101-InterestCapitalisation.xls CISheet v101- Insurance.xls

[dx100uk]

neither are what is required

you cant claim back capitalisation, thats welcome finances word for interest, they can charge that.

 

penalty fees (FEE)  is what you should be inputting 

 

as for the PPI.

you dont reclaim the lumps sums as you havent paid all the required loan repayments

 

as i pointed in the calculation earlier 

you need to calculate how much of any payment you made WAS ppi/MPI

do the calculation. then follow what ive written.

 

dx

 

[PapayoohZoom]

What you are saying its true.

Just like the attached.

I will continue to work on what is required.

 

Thank you dx

Welcome Abbreviations2.pdf

[PapayoohZoom]

Hi dx

Is this one correct?

CISheet v101 FEES 1.xls CISheet v101 FEES2.xls