Northern rock loan over £25,000

keg1keg

Time barred ?

markostiadel

Ive sent my form to the BBC watchdog today. Lets hope this gets someones attention at the BBC.

A friend of mine who works for Lloyds seems to think that the next line of complaint against Nram will be that the hike in interest from say 5% to 10% for separating the mortgage and the loan wont be far away. Apparently Lloyds tried a similar thing and have been paying customers back and even writing loans off due to this been an unfair clause in the contract.

NorthernRockVictim

Do you all think that as NRAM have used tax payer's money to fund two very expensive cases, that we are entitled to be informed of the total cost of both side's legal fees?

Lippyx

NorthernRockVictim wrote: »

Do you all think that as NRAM have used tax payer's money to fund two very expensive cases, that we are entitled to be informed of the total cost of both side's legal fees?

Good point!!!!

rizla_king

NorthernRockVictim wrote: »

Do you all think that as NRAM have used tax payer's money to fund two very expensive cases, that we are entitled to be informed of the total cost of both side's legal fees?

FOI requerst?

https://www.whatdotheyknow.com/body/ukar

IainHL

NorthernRockVictim wrote: »

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Another possible consideration is asking them whether they intend taking this matter to the Supreme Court in the interest of fairness. At first this may seem outrageous but that is the reason they gave for making the first appeal.

NorthernRockVictim wrote: »

Lippyx - That is my point exactly, this is from their website 'As NRAM is fully committed to acting in accordance with the law and treating both customers and the tax payer fairly, NRAM asked the High Court for a declaration of the meaning of those agreements.' If that statement is true then why should they not fund the next stage so that the Plaintiff can appeal?
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I would fully agree with you there, I think the matter should be referred to the Supreme Court.

IainHL

swanlake83 wrote: »

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I'm sitting here with all my original paperwork and as well as the agreements that state CCA all over them I have a cover letter from Nram confirming receipt of our returned signed agreement but they quote ' the consumer credit act 1974 requires us to send the enclosed copy of the agreement to you for your reference ' if this 'mis hap' is being put down to admin error of the loan agreements being used why were they quoting the act upon further correspondence?

It will be interesting to see the wording on the annual statements they issue later this year!

IainHL

badobsession81 wrote: »

coxj - maybe you've just gone outside an early repayment charge period?

It seems a little unlikely, as it would have to have been at least a 7 year fix, and I don't recall Together Mortgages being offered with that sort of fix.

IainHL

keg1keg wrote: »

Time barred ?

Statute of Limitations as discussed previously.

IainHL

markostiadel wrote: »

A friend of mine who works for Lloyds seems to think that the next line of complaint against Nram will be that the hike in interest from say 5% to 10% for separating the mortgage and the loan wont be far away. Apparently Lloyds tried a similar thing and have been paying customers back and even writing loans off due to this been an unfair clause in the contract.

But this would only affect a (small?) subset of the 41,000, those who had paid off the mortgage and de-linked the unsecured loan.