Northern rock loan over £25,000

keg1keg

Agreed, and they do, they lost the first case and have many disgruntled customers still wanting answers !. I personally believe that the issue raised in the court case was the tip of the iceberg. But we all need to stand together

keg1keg

Tort of deceit ?
https://en.m.wikipedia.org/wiki/Tort

Just making sure everything is considered

tinystar2001

I'm totally with everyone here that we should fight this. My only concern is that NRAM will not worry about bad press. They are not open for business and so it cannot damage them. I believe it's more about shaming the government and making the point that this court outcome has set a precedent for other customers of other banks that actually their contract is not worth the paper it's written on.

Lippyx

Right, just sent my email to my contact at NRAM. Asked him how the decision in court affects me (covered by CCA or not?), who chose and funded "our" legal representatives (I don't expect an answer) and also how a company such at NR/NRAM didn't realise that loans over £25k wouldn't be covered by CCA. I have asked for my complaint to be raised as negligent misrepresentation, and I expect some sort of agreement between them and me for the financial and emotional upset this has caused me. I have given him a week to respond, otherwise I will be taking it further.


We will see I guess.

carlyberyl

Lippy is there any chance you could post your letter up so we can all send the same thing? Just take your details out? My hubby isn't well at the minute so we're struggling at the minute, im going to try and do it all myself as he could do without the extra stress 😔

Lippyx

Of course... This is what I put:


"I hope you are keeping well. As you are aware, just recently NRAM had their court hearing a few days ago, and to say I am shocked by the outcome is an understatement.

I would like for you to answer a few of my questions though, with regards to this loan.

1. Please can you advise where I stand now, with regards to being covered by the CCA 1974 act? I can assure you had I'd known I wouldn't be covered for anything over £25k, I would have thought twice about borrowing that amount without any form of protection.
2. Surely a company such as Northern Rock/NRAM would have been aware that all loans over £25k wouldn't have been protected by the CCA 1974 act, and yet not only did you still offer the product, but you stated on the contract that the customer would be taking on a loan that is regulated by CCA 1974 act... how when this was not the case?
3. I would like to know who chose and more importantly who funded the customer's legal representatives for the court cases in question?

I would like you to register my compliant with NRAM as I believe this is negligent misrepresentation. NRAM were very wrong to offer this product and believe it was irresponsible of them to do so. On top of that, to then turn their backs on their customers when it was found that NRAM had actually made some appalling mistakes, calling them "admin errors" and then brush them aside is absolutely disgusting! You have treated me, and other customers, unfairly, and seem to think this is OK?

I am hoping we can come to some sort of an agreement with regards to how this has affected me, not only financially but also emotionally, otherwise, I will be seeking legal advice. If I have no response from you within 7 days, I will then seek legal advice, and will be taking this matter further."


It might go on a bit, but I want my point put across.

keg1keg

I think we should consider negligent misrepresentation by statute. Which is more lucrative when considering damages. But really, we could do with legal advice to ensure we are barking up the right tree in terms of legal terminology I think.
Has anyone got these contacts ?

swanlake83

keg1keg wrote: »

I think we should consider negligent misrepresentation by statute. Which is more lucrative when considering damages. But really, we could do with legal advice to ensure we are barking up the right tree in terms of legal terminology I think.
Has anyone got these contacts ?

I've had contact with a barrister relative who may be able to offer some advice on this - I will pass this his way and see what his opinions are

NorthernRockVictim

swanlake83 wrote: »

I've had contact with a barrister relative who may be able to offer some advice on this - I will pass this his way and see what his opinions are

That's excellent, thank you so much!

daveylad

keg1keg wrote: »

I think we should consider negligent misrepresentation by statute. Which is more lucrative when considering damages. But really, we could do with legal advice to ensure we are barking up the right tree in terms of legal terminology I think.
Has anyone got these contacts ?

Why are you trying to get 'damages'? The very best we could hope for is recission of the loan meaning to go back to square one, that means paying back every penny borrowed. We all did borrow money from Northern rock! we shouldn't be looking to get money that we have borrowed wiped out, why should we? Who will support us if we look like money grabbing chancers?