Northern rock loan over £25,000

djc77

I know it's been mentioned before. I have now found my solicitors letter stating about cool off times due to the nature of the CCA regulated loans. Would the solicitor have an obligation to spot that the loans mms couldn't be regulated. Any thoughts.

NorthernRockVictim

Should this be escalated to Westminster or perhaps an appropriate TV reporting programme? Ideas and discussion please people.

djc77

Now I ma in receipt of all paerwork I have an appintment with my MP, a government minister, unfortunately I have moved house so got the ball rolling in one constituenccy and now ahve had to start again. Just so people know what others are up to, I ahve the following douments, I am also now raising with my conveyancing solicitor as they have sent very specific papaerwork relating to the 1974 CCA, documents I have include

1. Final response letter from NRAM dated 21st June 2013


2. Offer of Loan with Pre Contract Information as supplied by Northern Rock clearly stating that we have the rights under the 1974 CCA.

3. Letter from ***** solicitors to state that we could have a delayed completion as the “cooling off” period required by the consumer credit act would not have expired.

4. Addendum sent to ***** solicitors advising that the loan is regulated by the CCA 1974 and all of the necessary comments relating to timescales

5. Letter from ****** solicitors detailing the inclusion of two copies of the 1974 CCA regulated agreement.


6. Letter from Northern Rock detailing that under CCA 2006 they have to change the way they send statements.

saveupthesmiles

Has anyone sought legal advice on this? I've just received my 2nd knockback from FOS, which I'm so angry about because they are just not getting that I feel I was missold, gah! I am still disputing it.
I get legal advice through my union and spoke to them today who advised it could be classed as misrepresentation of the contract.
I'm so !!!!ed off about this. I originally spoke to an IFA (so as not to make any mistakes - how ironic) as we wanted to move house and next thing we're signed up to the together mortgage and my existing loan with NR is paid off, and we're still in the same house 7 years on.

djc77

I know how you feel "save up the smiles"

I have been to my MP some time ago about the interest rate hike. He wrote to the treasury whi have stated that they are not inervening with commerial decision of NRAM. Even though the governemt at the time admitted to not offering good deals so people would re-mortgage and therefore they would reduce the mortgage books to minimise risk, I would say this is a big commercial decision. I am again seeing my MP in two weeks with all my papers. I will argue that the "Fair" society they wish to create is not being very fair. I ahve seen on another forum that NRAM have even used the CCA on a £30k loan to take court action and seek a judgement on a house.

I say it again and again, if this was a door step lender withdrawing consumer rights then it woud be all over the papers!!!

Please plaease all get to your MP, use them for what thay are supposed to do, fight our corner.

texaspete777

Hi.

I am with NRAPE, sorry NRAM and have a £30K loan. My wife has contacted a firm called "The Mortgage Claims Bureau" with the details of our (and all your!) allegations ofan unregulated agreement which is potentially unenforceable or at the very least entitled to redress. They have replied with the following -excerpt from letter :

http###://www###.flickr.com/photos/100895967@N03

(Copy link and delete hashes # - it won't let me post a link in case I'm a spammer!!! If anyone wants to repost on my behalf, please do!!!)

On the one hand, I'm excited that they've come back with this reps ones, however, having never done anything like this before I'm wary of a a scam.

It is a no win, no fee deal, but the fee is 25%. What does everybody think? Has anyone else managed to get anything back from a legal perspective?

I don't know whether to go ahead!!! Any advice welcome.

Thank
Pete

claret_mike

I can understand a £10 fee being asked so they can pay for Data Subject Access Request - not sure why £20 unless there is another claim attached in addition to the NRAM one?

Ultimately its a risk you pay.. However, one concern I have is searching for their solicitor firm, I find no record on a SRA website.

http://www.flickr.com/photos/100895967@N03/9614822896/

matt1986_1

Hi guys posted on this thread previously under Mthomas1986.

I've read the above posts and decided now to request SAR to obtain copies of my original credit agreement. To see what they have on file etc..

Is see the FOS aren't bothered, I also wrote to Mr sayid Javid of the UK treasury whose response was pretty much the same that he couldn't really intervene in commercial matters between the consumer and NRAM. All he suggested was getting in touch with the FOS.

So it seems to be a standard reply from all routes, unless we can get independent legal advice on this....

carlyberyl

Hi all...today we've received our final response from the ombudsman basically saying tough luck were not helping you! Even though they've stated that northern rock should have checked the paperwork that doesn't matter!!! Angry is an understatement! Looks like it's court then because we're not letting this drop...! So wish Martin would offer some advice

bigbadwolf500

Have had my final letter from NRAM and my case is still with the FOS but from reading on here - I'm not expecting any help from them. Where do we go from here. Have any of you guys taken legal advice? Is it possible as a group of consumers to take the case to court as a group? And yes like above, Where is Martin Lewis on this one? Surely these incorrect loan documents offering protection on non regulated loans is a much bigger deal than a few figures missing from statements?