Northern rock loan over £25,000

pt2537

bigbadwolf500 wrote: »

The thread may not get updated often but Howlett Clarke solicitors are still very involved with many cases

[EMAIL="hcnram@howlettclarke.co.uk"]hcnram@howlettclarke.co.uk[/EMAIL]

Indeed, very much still live issues which are still being looked at. Obviously its tricky to update this thread but we are still looking into these issues.

pt2537

Whistletree? now theres an interesting point, why would you be pursuing whistletree in the first place? if youre looking at s140A CCA 1974 then you can pursue "a creditor" who would clearly be NRAM as well as Whistletree.

So there wouldnt be anything stopping you from chasing NRAM for things NRAM did in the first place.

lindsey1980

hi does any one know whats happening about the refunds am still waiting to hear

spsdjone

Hypothetical question. If you have a joint mortgage, would any potential settlement agreement need to include both parties or could it be settled with just one...ie; would the party who had no involvement in said claim, have effectively given up their rights?

pt2537

spsdjone wrote: »

Hypothetical question. If you have a joint mortgage, would any potential settlement agreement need to include both parties or could it be settled with just one...ie; would the party who had no involvement in said claim, have effectively given up their rights?

Well any damages claim would be for the benefit of both parties, so technically they would be entitled to payment of damages.

Sam84

Does anyone have any recent feedback after taking NRAM to court? You do not have to be specific.

We bought a flat in 2007 and took out a Northern Rock 'Together Mortgage' and our loan part was for £30k. We have since moved and have a new mortgage, but still have the now 'unlinked' (so high APR) NRAM loan...which stands at about £25k...after over 10 years of perfect / on time payments!

We feel the system is frankly corrupt and would like to look at our options?

Thanks

bigbadwolf500

Don't think any cases have gone to court - if they had, they would be reported in the press.



Worth contacting the solicitor Paul Tilley on this thread or Howlett Clark solicitors who have dealt with a lot of cases


Thanks

Sam84 wrote: »

Does anyone have any recent feedback after taking NRAM to court? You do not have to be specific.

We bought a flat in 2007 and took out a Northern Rock 'Together Mortgage' and our loan part was for £30k. We have since moved and have a new mortgage, but still have the now 'unlinked' (so high APR) NRAM loan...which stands at about £25k...after over 10 years of perfect / on time payments!

We feel the system is frankly corrupt and would like to look at our options?

Thanks

goaten2000

Any payment you may or may not get from any action will not clear the debt.

If you have enough equity in your property, you could possibly look at wrapping the loan value up in the mortgage (which is what we have done). If this is not an option, perhaps look at getting a better value loan with a lower APR so that you repay it more effectively. This, of course, depends on your credit file etc etc.

bigbadwolf500

Just joined the 'Mortgage Prisoners' group on Facebook - there is a lot of good information on there. Only joined a few days ago and already have the ball rolling for a better % deal with Whistletree

Sam84

goaten2000 wrote: »

Any payment you may or may not get from any action will not clear the debt.

If you have enough equity in your property, you could possibly look at wrapping the loan value up in the mortgage (which is what we have done). If this is not an option, perhaps look at getting a better value loan with a lower APR so that you repay it more effectively. This, of course, depends on your credit file etc etc.

Thanks, yes a remortgage to consolidate is an option...I just want to know all of my options. 10 years of £200/300 payments to pay off only £5k seems ridiculous!