Defective Loan Facility Agreement

opinions4u

As regards racism - read the definition on wikipedia and you will see a lot of it is treating someone differently for no other reason than race, skin colour, religion etc

In what way is your race, skin, colour or religion different to others posting? Just wondered.

As Lorraine says, banks and financial institutions spend a lot of time and money trying to get loan documentation right - its pretty obvious even if you don't work in the institution that there is reason for this.

Have you, at any other time, received any other documentation from your lender stating a different tracker margin? If so when did you receive this and when did you get the 1/50% documentation?

What rate/tracker margin was being promoted at the time of your application?

luckyfool wrote: »

Having said that, I don't really want to get involved in an extended and pointless argument over this so I will not make any further posts on this thread and will leave you to your persecution complex.

Good call.

ILW

Still don,t know what the OP is trying to achieve from querying the agreement. Does he think he has been overcharged or something else?

nw_man

ILW wrote: »

Still don,t know what the OP is trying to achieve from querying the agreement. Does he think he has been overcharged or something else?

He wants out.

sanjtheman

James - it is a buy to let mortgage and I am aware protection to investors is less than owner occupiers. However ME are part of CML and subscribe to the FSA's TCF principles so they have refered me to FSO if I want to pursue. From some fixed rate breakage costs case ruings of the FSO, am sure you will note that FSO have classified some people as sophisticated and others not. Sophisticated definition for borrowers comes down to whether they are borrowing in their own names or through a corporate vehicle. Only in the latter case are you deemed to be sophisticated and not require protection.

Anyway thanks for the advice, you summed up in written words what I thought rate should be so I will use your terminology when pursuing if thats ok. Have already spoken with loan documentation lawyer and will post progress as lorraine kelly requested.

Now back to the rubbish - NW man wow as well being the owner of board and forums, I can see you now are able to read minds and answer on my behalf as to what I want to do. However as you specifically asked a question as to whether you were being thick, I will answer by saying delete "being" and the answer will come to you magically. All I now need to do is to find some inbred and ugly people to show them all you have achieved

Over to you opinions - my name (clue not charles anthony) should give away my ethnic background. Am sure however if I hadn't made my ethnicity obvious bu using name of my good friend John Smith (the working class miner), I would not have the crap that was directed at me.

As regards your fascinating story as a bank manager have confess I was also expecting someone else to quote the other story about them not being racist as they have ethnic minority friends.

I will answer your questions though - no documentation was received except annual statements which did show a margin of 1.5%. This didn't arise any concerns though as it was only when I checked facility letter that I noticed an error. Re rates at inception - I have no idea but interestingly for other facilities arranged before this one, I got better rates.

As regards your comment about abuse, please read thread carefully and see who threw the mud first. Unfortunately I am not one to receive abuse and turn the other cheek - things have moved on from the 1970's when ethnic minorties were expected not to fight back. I can also have good enough eyesight to spot a bunch of people acting like a pack of hyena's

Fool - I won't lie (unlike some others) and great to see you won't waste my time any further on here. Any chance of taking your little friends with you ? I have warned some of the other posters (they happen to be caucasian though) on the forum to expect same style posts you gave me as they are also looking to get something for nothing

James - it is a buy to let mortgage and I am aware protection to investors is less than owner occupiers. However ME are part of CML and subscribe to the FSA's TCF principles so they have refered me to FSO if I want to pursue. From some fixed rate breakage costs rulings am sure you will note that FSO have classified some people as sophisticated and others not. Sophisticated definition for borrowers comes down to whether they are borrowing in their own names or through a coprorate vehicle. Only in the latter case are you deemed to be sophisticated.

Anyway thanks for the advice, you summed up in written words what I thought rate should be so I will use your terminology to pursue if thats ok. Have already spoken with loan documentation lawyer and will post progress.

Now back to the rubbish - NW man wow as well being the owner of board and forums, I can see you now are able to read minds and answer on my behalf as to what I want to do. However as you specifically asked a question as to whether you were being thick, I will answer by saying delete "being" and the answer will come to you. All I now need to do is to find some inbred and ugly people to show whats possible in life.

Over to you opinions - my name (clue not charles anthony) should give away my ethnic background. Am sure however if I hadn't made this obvious and used name of my good friend John Smith, I would not have the bile that was directed at me. Oh and you may want

As regards your fascinating story as a bank manager have confess I was also expecting someone else to quote the other story about them not being racist as they have ethnic minority friends.

I will answer your questions though - no documentation was received except annual statements which did show a margin of 1.5%. This didn't arose any concerns though as it was only when I checked facility letter that I noticed an error. Re rates at inception - I have no idea but interestingly for other facilities arranged before this one, I got better rates.

As regards your comment about abuse, please read thread carefully and see who threw the mud first. Unfortunately I am not one to receive abuse and turn the other cheek - things have moved on from the 1970's when ethnic minorties were not expected to fight back

Fool - I won't lie unlike some others but great to see you won't waste my time any further on here. Any chance of taking your little friends with you ? I have warned some of the other caucasian posters on the forum looking to get something from nothing to expect same style posts you gave me.

Finally Andy I would comment but feel much better just ignoring people like you. Congratulations at giving so many thanks to your friends though. My you are talented.



Sanjtheman

ILW

The words Chip and Shoulder come to mind.

opinions4u

my name (clue not charles anthony) should give away my ethnic background

I have long ago stopped making assumptions about anything like that. Indeed I didn't even notice your username at all. I suppose I could easily assume that you were born Sandra J and have had a sex change operation to become a man. I didn't realise that the name Charles or Anthony is race/colour exclusive.

no documentation was received

In which case you have a strong case for arguing that the mortgage was sold to you on one basis, and completed on another.

sanjtheman

next time when you are at school and your kid is being bullied or you see a whole bunch of people picking one other based on his/her ethnicity.......keep believing you are better

nervousftb_3

i have not posted on this thread before, although i have been following it with interest.

i would just like to say that i see no evidence of racism here sanjtheman, particularly as you have no idea of the ethnicity/religion of the people who have responded to your post (and they have no idea of yours either!). playing the race card here seems a little cheap, and there is no evidence to back up this claim. as for being bullied, i believe you yourself used the words 'inbred and ugly' to describe another poster - far more offensive language than anything anyone else here has used. hiding behind race to justify being rude and abusive to other people is pretty indefensible.

ps. you have no idea of my own race/religion etc either

ILW

sanjtheman wrote: »

next time when you are at school and your kid is being bullied or you see a whole bunch of people picking one other based on his/her ethnicity.......keep believing you are better

Is it possible that your kid is being bullied because he is a annoying as his father, and just shouts "racism" whenever he doesn't get his own way?

_Andy_

I have reported the thread to the abuse team.
The allegations of racism are completely unfounded and tantamount to slander. The only references or implications of race are from the OP.
The thread needs to be locked as the OP is essentially trolling the forum.