Northern rock loan over £25,000

Lippyx

Hi,


I'd be interested! I meet all the above and am currently writing letters to a "dedicated" person at NR about this issue with CCA.

carlyberyl

We come under 1 and 2, we would be happy to help

NorthernRockNewbie

UPDATE: Judgement due out on this tomorrow.

Lippyx

Lets see what that says!!

fermi

http://www.justice.gov.uk/courts/court-lists/list-cause-rolls

Commercial Court List


ROLLS BUILDING
COURT 24
Before MR JUSTICE BURTON

Wednesday 10 December 2014
At 10:15
FOR JUDGMENT
2014-507 Northern Rock Asset Management Plc v Mr Jeffrey Patrick McAdam & anr

fermi

http://www.judiciary.gov.uk/judgments/nram-plc-v-mcadam-hartley/

Dave-80

So what i understand from reading the report from the court they are in breach and we are due redress now?? Did everyone else come to the same conclusion??

Conclusion
33. With regard to the proposed declarations set out in paragraph 10 above, I shall hear further arguments from counsel in relation to the form of any order but:

(i) I am satisfied that the rights and remedies in relation to Section 77A were imported into the Agreement.

(ii) I conclude that the Claimant was in breach of its obligations under the Agreement by virtue of its failure to indemnify the Defendants in respect of its breach of Section 77A.

(iii) I have not addressed the "
[FONT=Times New Roman,Times New Roman][FONT=Times New Roman,Times New Roman]Claimant’s subsequent conduct in providing statements[/FONT][/FONT][FONT=Times New Roman,Times New Roman][FONT=Times New Roman,Times New Roman][/FONT][/FONT]" referred to in paragraph 11(c) of the claim form, although that would plainly be entirely consistent with a continuing course of conduct relevant to the representations and shared assumption which I have found constituted by the agreements in paragraph 12 themselves. I would however, in the light of my somewhat truncated findings, by virtue of my conclusions as to contract, make a declaration to the reverse of that which is sought by the Claimant in paragraph 11(c) of the claim form.

Lippyx

I've had a brief read, but what does this mean for us? Is it a good thing? Has NR been told they "misrepresented" the loans?

Lippyx

That's what I read Dave-80. Be interesting if this is the case as I sent a letter to my contact at NRAM about my loan, and I bet he has been waiting for this before he responded.


So if they are in breech, what now for us?

Lippyx

And as they took me to, does this mean this could be removed as surely if THEY were breach of contract, they couldn't take me to court?