loancheck/solicitors claiming ppi

marshallka

petermb wrote: »

I have just had a letter from Dawson Hart solicitors informing me that they are now pulling completely away from Loancheck and its Administrators and running the cases they have directly with the clients.

This is a positive move and hopefully other firms such as 1st Solicitors will follow suit and proceed with the claims regardless.

So what about the contracts that some signed with Loancheck. Again this is yet another contract and soon people will be contracted to god knows how many firms over all of this. Where do they stand legally with them pulling out now if some want to go this way. Its a little biased that a firm of solicitors can hold a client to a contract when they are not actually fullfilling that contract and passing it on. Surely that is "unfair terms".

millwallpaul

Hi All

I am at the stage that I have signed no win agreement with Watsons and like all the others he never gets back to me. Unlike some though, I stated I wanted to cancel the agreement within the 7 days, because he didn't get in touch. I have since been in contact with him because he didn't acknowledge my canceling email and also again when I stated I was prepared to carry on using him as long as he gave me a breakdown of my case etc, which he has never done. He keeps blaming that the administrators will not release my paperwork, but who knows. They are certainly not stopping him returning my emails.

Do you think I have a chance of being able to legally cancel this contract or not. Any help would be appreciated as am annoyed as many others on here.

petermb_2

marshallka wrote: »

So what about the contracts that some signed with Loancheck. Again this is yet another contract and soon people will be contracted to god knows how many firms over all of this. Where do they stand legally with them pulling out now if some want to go this way. Its a little biased that a firm of solicitors can hold a client to a contract when they are not actually fullfilling that contract and passing it on. Surely that is "unfair terms".

There was a panel of three to four firms involved with Loancheck. I had three cases with three different law firms. It would appear that only one has a chance of moving forward in the immediate future.

UTUBE

petermb wrote: »

There was a panel of three to four firms involved with Loancheck. I had three cases with three different law firms. It would appear that only one has a chance of moving forward in the immediate future.

Peter

How are any of the solicitors going to progress these cases without funding?

My understanding is that this was paramount in importance to the solicitors and Loancheck arranged or provided the funding.

petermb_2

A few of the solicitors will have had their own finances other than that provided by Loancheck. I cant imagine these firms could take any great numbers on this basis but most other than Watsons only took batches of 20-50 cases at a time as I recall.

petermb_2

UTUBE wrote: »

That's good.

I have though spoken with a few of the insurers and they say that the Loancheck fee is not covered by the insurance so what will happen when the cases are settled i.e. who will pay that fee?

The Solicitor will reclaim the Loancheck fee as part of their claim. The only time the insurance comes into question is if the case fails. It depends on which insurance companies you spoke to. General AEI insurers or particularly the insurers involved with Loancheck cases.

I was always under the impression that the fee Loancheck charged formed part of the cover but I may be wrong there. Loancheck always insisted on a "real " insurance policy that protected the client.

However, nothing would surprise me any more.

maxdp

petermb wrote: »

The Solicitor will reclaim the Loancheck fee as part of their claim. The only time the insurance comes into question is if the case fails. It depends on which insurance companies you spoke to. General AEI insurers or particularly the insurers involved with Loancheck cases.

I was always under the impression that the fee Loancheck charged formed part of the cover but I may be wrong there. Loancheck always insisted on a "real " insurance policy that protected the client.

However, nothing would surprise me any more.

Peter could you elucidate further please on this. I have one, with a Solicitor who are wanting to take the case over although it has gone through barrister so is in the final stage. I have one with Watson and I have had continuing communication but has got no further am awaiting further news from watson.
Also please can you confirm that the contract CFA is between the solicitor and the client not the client and loancheck.?

Many thanks

moo_cow

i'm really very very concerned over where this is going. Initially after writing a formal letter to watsons with intention of complaint to the law society I was given a response at last as explained in one of my earlier posts. But all has gone quiet again. I hope to god that this doesn't all blow up in our faces and we end up with some big bill. I really want out of this contract with them. I'm trying to find a way out of this without getting landed with some huge bill. Any suggestions?

maxdp

moo_cow wrote: »

i'm really very very concerned over where this is going. Initially after writing a formal letter to watsons with intention of complaint to the law society I was given a response at last as explained in one of my earlier posts. But all has gone quiet again. I hope to god that this doesn't all blow up in our faces and we end up with some big bill. I really want out of this contract with them. I'm trying to find a way out of this without getting landed with some huge bill. Any suggestions?

Moo Cow
We should not get a bill cause a far as I am aware the contract is with the Solicitors. If we terminate the contract or accept a settlement from the lender then we break the contract. That is how I understand it so we should not get any fees apart from disbursements unless we stop the contract.

i really hope this gets sorted for you. UTUBE has given some really good information here. Think we need to sit tight for a wee while to see what is happening.

maxdp

UTUBE wrote: »

Maxdp and Peter

The insurance policy only covers disbursements and my understanding is that the Loancheck fee is probably not a disbursement.

That means that if the case is won then the Lender will not be obliged to pay the fee and if the case is lost then the insurer will not pay either.

In fact, the insurer that I spoke to insisted that they would not cover the Loancheck fee under any circumstances.

My investigations have found that the Loancheck fee is at least three times higher than other firms charge in this market and also they are not qualified to give expert information to clients!

Hi UTUBE thank you for all your information it is much appreciated.

As long as we do not break the contract with the Solicitor and do not cancel or accept a settlement from the lender then surely we have not broken the contract.