Northern rock loan over £25,000

keg1keg

Thanks, I'd heard that they were employees before but it didn't make any sense. Still doesn't !!!

NorthernRockVictim

keg1keg wrote: »

Thanks, I'd heard that they were employees before but it didn't make any sense. Still doesn't !!!

Yes, they are employees but they are also Together unsecured loan customers >25k just like us.

tinystar2001

In response to dev_share...

It's based on the original 'agreed' loan amount. We borrowed 23k right from the start, but because our loan agreement was for 30k, allowing us to draw down more (although we never did), they classed is as over 25k borrowers.

NorthernRockVictim

tinystar2001 wrote: »

In response to dev_share...

It's based on the original 'agreed' loan amount. We borrowed 23k right from the start, but because our loan agreement was for 30k, allowing us to draw down more (although we never did), they classed is as over 25k borrowers.

Ohhh, what a cop out that was! Hopefully you'll get recompense this time around!

keg1keg

http://uk.linkedin.com/pub/jeff-mcadam/5/807/294

Interesting !

dodge1979

They did say they took themselves to court ....

lazer-zxr

Im looking to move my secured loan (>£25k category) and mortgage away from NRAM.
I'm holding off doing this until after the ruling, as I'm afraid I won't benefit from a possible favourable outcome if I move?

Or can I move away, and still be eligible?

Thanks for any opinions

swanlake83

Don't worry you will definitely still qualify, we have paid off our unsecured loan of £25,500 so would get a redress direct as as I understand it if the account is still running it would be taken off the outstanding balance

Seven_of_Nine

Hello All,

I have just found this posting on 'legalbeagles' website. It was posted:-

The judgment was appealed, heard yesterday and will be handed down sometime between now and July.

Transcripts of Monday/Tuesday's hearings should be up soon on the NRAM website (they've been ordered to publish them quickly by the court ).

Does anybody else know anything? Thanks.

Seven_of_Nine

An update:

Title: NRAM Plc v McAdam & Anr
Type: Appeal
Appeal / Application:
from the order of Mr Justice Burton
High Court QBD Commercial Court dated 10-Dec-14
Hearing Status: Float on 27-Apr-15 or 28-Apr-15 estimated length (in hours): 10:00
Venue: London
Constitution:
LORD JUSTICE LONGMORE
LORD JUSTICE MCFARLANE
LADY JUSTICE GLOSTER
Case results:
Track Your Case:
Current Status: Awaiting result of a reserved judgment
Tracking Information:
28-Apr-15: Case given a reserved judgment
20-Feb-15: Case passed to List Office
18-Feb-15: Letter sent to applicant/solicitor to request bundles and/or documents
17-Feb-15: Application allowed on paper by Lord/Lady Justice
06-Feb-15: Application referred to Lord/Lady Justice
22-Jan-15: Bundle(s) approved

Last Updated: 30-Apr-15

Does anybody know what this means?