Companies in Default/FSCS Claims - Picture, London Scottish, Twopart

busbyh

Moggy, at the time we were sorting out the remortgage, we received a letter out of the blue from Picture telling us that if we were to pay off the loan, they would waive any early redemption charge. This was £1700 I think, which we did save on completion

moggy2009

busbyh wrote: »

Yes we did Moggy, but it was well worth it. Ours (my daughter's) was for about £42,000, very similiar to your. If you look at my post yesterday, when I broke it all down, we have saved or will save an absolute fortune. we borrowed £35,000 plus £8872 PPI:mad::mad:

yeah its about the same as ours we couldnt wait to get rid of it is everybody claiming for the same thing ?we werent told it was only for five years and i was the only one covered when my husband had pre existing conditions:mad:

moggy2009

busbyh wrote: »

Moggy, at the time we were sorting out the remortgage, we received a letter out of the blue from Picture telling us that if we were to pay off the loan, they would waive any early redemption charge. This was £1700 I think, which we did save on completion

we didnt recieve one of those we paid everything off :mad::mad::mad: they werent even going to let us sell our last house but they didnt have much choice as we probably would have had to have our house repossessed.

di3004

Hi everyone.;)

So no news yet then?

Have been back and forth checking this thread as well, hoping someone would have posted up to say they had some good news.

Printing some CV's off for hubby, back later. XXX

busbyh

moggy2009 wrote: »

yeah its about the same as ours we couldnt wait to get rid of it is everybody claiming for the same thing ?we werent told it was only for five years and i was the only one covered when my husband had pre existing conditions:mad:

Yes we are all claiming for more or less the same reasons. The main thing with this is it is a SINGLE PREMIUM POLICY. - just added to the loan. They don't really explain too much about that, do they and yes as you say we were only covered for five years, yet paying for the term of the loan. In our case 25 years:eek::eek:

By what we have heard so far, I think we will all win on this one, don't see how we can't;)

busbyh

moggy2009 wrote: »

we didnt recieve one of those we paid everything off :mad::mad::mad: they werent even going to let us sell our last house but they didnt have much choice as we probably would have had to have our house repossessed.

Thank God they went bust, can't con any more poor vunerable souls like us:mad:

When did you pay your off, Mogggy

moggy2009

busbyh wrote: »

Thank God they went bust, can't con any more poor vunerable souls like us:mad:

When did you pay your off, Mogggy

first time last year june i think then this year april for the rest which was about 23,000 about 46,000 altogether.;)

pengi

Hi all hope you are all well! Not been around as a manic weekend - school christmas fayre and cinema trip to watch new moon as a family outing!

I am not sure how FSCS are working things out - mine arrived there on the 20th and I was told it would be at least a month last mon. Then i got a call on the tues as a response to an e mail i sent on the sat saying it would be sooner rather than later! Then a cheque was issued on the weds and received on the friday! Does not seem fair on you guys who have been back with FSCS for a while.

Paid our cheque in on sat and got a right grilling from the bank - who was it from, what would i spending it on etc - put a real dampner on an exciting day!

moggy2009

pengi wrote: »

Hi all hope you are all well! Not been around as a manic weekend - school christmas fayre and cinema trip to watch new moon as a family outing!

I am not sure how FSCS are working things out - mine arrived there on the 20th and I was told it would be at least a month last mon. Then i got a call on the tues as a response to an e mail i sent on the sat saying it would be sooner rather than later! Then a cheque was issued on the weds and received on the friday! Does not seem fair on you guys who have been back with FSCS for a while.

Paid our cheque in on sat and got a right grilling from the bank - who was it from, what would i spending it on etc - put a real dampner on an exciting day!

dont you worry about the bank tell them to mind their own business you should have asked them what they were spending their money on!!!!you enjoy your money and have a brilliant xmas think they are jealous its not that when us taxpayers have been bailing the banks out with our hard earned money,you enjoy and be proud you won:T:T:T:T

busbyh

pengi wrote: »

Hi all hope you are all well! Not been around as a manic weekend - school christmas fayre and cinema trip to watch new moon as a family outing!

I am not sure how FSCS are working things out - mine arrived there on the 20th and I was told it would be at least a month last mon. Then i got a call on the tues as a response to an e mail i sent on the sat saying it would be sooner rather than later! Then a cheque was issued on the weds and received on the friday! Does not seem fair on you guys who have been back with FSCS for a while.

Paid our cheque in on sat and got a right grilling from the bank - who was it from, what would i spending it on etc - put a real dampner on an exciting day!

Good weekend the pengi, i like that build up to Christmas with the kids etc.
Bank has a dam cheek, you just can't win with them can you. If you've no money, they go on. If you've got money they go on:mad:

Enjoy anyway it's yours;)