MSE News: Mortgage blow as building society hikes SVR

VIGILANT22

My quote: I have neither stated I am an expert or am obliged to state "relevant experience"...it is immaterial on an open forum...

Your Quote: you state that you are neither "an expert" nor "obliged" to state "relevant experience".

2 ENTIRELY DIFFERENT STATEMENTS......Lawyer!! and think these statements mean the same!!....

Instead of acting like a puffed up ***** duck.....I suggest you go and read the difference between I neither stated & you state!!!..........rolls eyes..

howardtheduck

"Funnily enough, I was at a meeting earlier this month when someone who:
(a) definitely knows what they are talking about; and
(b) hasn't got any reason to lie about it
stated categorically that "Skipton had got FSA approval at the highest level before they made their SVR change".

Obviously, sarahbennett won't believe this to be true, but it is. And no, I can't name the person who made this statement."

For £1000,000 was it:

a) Rumpelstiltskin
b) David Cutter, CEO of Skipton Building Society
c) A member of the Skipton Building Society's Board of Directors
d) A Skipton saver
e) A figment of your imagination

Remember, you've still got 3 lifelines left. So would you like to 1) Phone a friend 2) Ask the audience or 3) Go 50/50 ?

"I'd like to phone a friend please."

(ring, ring)

"Hel-looo, Skipton Building Society, David Cutter speaking. How may I help?"

VIGILANT22

Put that gin bottle away, you're making a complete **** of yourself, for a so called lawyer.........

howardtheduck

Vigilant22, I suggest you go and read up on the correct usage of quotation marks when quoting verbatim. Look very carefully at the words enclosed within quotation marks that I have taken from your post. For clarity (a word sadly alien to you though I hope for your sake that you may yet experience an epiphany), I will, once again (sigh), reiterate the salient points of my earlier post.

You stated:

I have neither stated I am an expert or am obliged to state "relevant experience"...it is immaterial on an open forum...

I stated:

Vigilant22, you state that you are neither "an expert" nor "obliged" to state "relevant experience".

I have only quoted the following segments from your post (all with quotation marks):

"An expert", "obliged", "relevant experience".

At no time did I profess to be quoting your sentence "I have neither stated I am an expert or am obliged to state "relevant experience"...it is immaterial on an open forum..." in its entirety and I put you to strict proof to adduce evidence to the contrary.

VIGILANT22

howardtheduck wrote: »

Vigilant22, I suggest you go and read up on the correct usage of quotation marks when quoting verbatim. Look very carefully at the words enclosed within quotation marks that I have taken from your post. For clarity (a word sadly alien to you though I hope for your sake that you may yet experience an epiphany), I will, once again (sigh), reiterate the salient points of my earlier post.

You stated:

I have neither stated I am an expert or am obliged to state "relevant experience"...it is immaterial on an open forum...

I stated:

Vigilant22, you state that you are neither "an expert" nor "obliged" to state "relevant experience".

I have only quoted the following segments from your post (all with quotation marks):

"An expert", "obliged", "relevant experience".

At no time did I profess to be quoting your sentence "I have neither stated I am an expert or am obliged to state "relevant experience"...it is immaterial on an open forum..." in its entirety and I put you to strict proof to adduce evidence to the contrary.

oh pls...you're becoming more and more foolish...do you forget posting this...".

"In defence of your ignorance of all things legal, you rather lamely plead that "it is immaterial on on open forum".

VIGILANT22

You're becoming more & more foolish..........

howardtheduck

"I trust nobody will pay a "a little more attention to your" posts....you can't even pay attention to detail! Quote :I have neither stated I am an expert or am obliged to state "relevant experience"...however you choose to say I have posted "you state that you are neither "an expert"...:)"

---

Vigilant22,

Your inability to grasp even the most basic of points never ceases to amaze me. My last post was in direct response to the above.

The evidence on which you base all your assertions in this thread has still not materialised. In contrast, I've provided the following material in support of all my submissions:

1) Reference to statute in the form of Regulation 5 and Regulation 7(2) of the UTCCR 1999.

2) Appropriate caselaw citing Re Citro [1991] Ch 142 and Director General of Fair Trading v First National Bank Plc [2001] UKHL 52.

3) Basic contractual rules of construction, specifically, the 'contra proferentem'
rule.

4) The FSA's decision in the Halifax case (2nd December 2008).

5) The FSA's decision in the Intelligent Finance case in 2006.

6) The fact that Skipton's SVR is a disguised base rate tracker.

7) The FSA's perspective on "collars" not being included in KFI's.

8) Skipton Building Society CEO David Cutter's own words on 4th March 2009: "We have pledged our residential standard variable rate will NEVER (emphasis added) be more than 3 per cent above base rate and, even with this at its lowest level for 315 years, we will honour our promise."

9) The failure of Skipton to adhere to the FSA's 'Mortgage Conduct of Business' rules by not making borrowers aware of the existence of a floor, trigger or similar feature in an appropriate manner at both the pre-application AND offer stages of their mortgages.

What pearls of wisdom have you contributed (SUPPORTED BY APPROPRIATE EVIDENCE) have you contributed to this thread?

Please note that "APPROPRIATE EVIDENCE", despite your steadfast belief to the contrary, DOES NOT mean your opinion. You are not a professional witness.

sarahbennett

Ruth wrote: »

Funnily enough, I was at a meeting earlier this month when someone who:
(a) definitely knows what they are talking about; and
(b) hasn't got any reason to lie about it
stated categorically that "Skipton had got FSA approval at the highest level before they made their SVR change".

Obviously, sarahbennett won't believe this to be true, but it is. And no, I can't name the person who made this statement.

Whether approval at the highest level in the FSA will be sufficient to prevent all the other routes to a remedy which sarah has mentioned, I'm not sure. But I wouldn't be placing bets on winning against the might of the top echelons of the FSA who felt seriously enough about the survival of Skipton to ignore their own previous pronouncements about things not being shown in KFIs not being binding on the borrower.

With good reason I don't believe it to be true. Why can't you give a name if they definitely knew what they were talking about, or have no reason to lie about it? How without a name or a position can we test your assertion? Nobody has pointed to any evidence of prior FSA collusion with the Skipton, none at all. I'd believe it were true if someone gave me any evidence. Can you not at least hint as to the position of the person you spoke to Ruth? (and I will investigate further)

Do I have a good reason for staying with Skipton? Not necessarily. Can't say I do, can't say it is relevant. What I can say, personal arguments aside, is that a promise is a promise, my father always said to me that "when you make a promise you should stick to it." They have not, and I think, on balance they will be held to account. For my part, I could just go away as you suggest, to another mortgage provider, but I won't because I think that those who make promises should be held accountable to them, it sets a very dangerous precedent otherwise.

sarahbennett

vigilant22 wrote: »

you're becoming more & more foolish..........

lol ....................................

sarahbennett

Thrugelmir wrote: »

"When you combine ignorance and leverage, you get some pretty interesting results."
(Warren Buffet)

Pretty funny how you spelt Buffett wrong in his quote about ignorance, you have to admit, maybe you have the leverage needed for some interesting results...?