MSE News: Buy-to-let borrowers hit by West Brom mortgage hike

BeetrootMike

Lewis_Ranieri wrote: »

Alexander, your conduct is being exposed on Face Book, together with your vile and reprehensible attitude to anyone you questions your egotistical point of view, a view that is sucking up hundreds of thousands in profits/expenses for you and Cotswolds at the expense of Mortgagors who have, in the main, not one iota of knowledge regarding the sale of their Mortgage notes to an SPV or any of the "technical jargon" contained within the T and C's designed to keep the hard working Mortgagors in the dark. Most of these people actually think they have borrowed money from the Bank because they have, through no fault of their own, been led and educated in that manner by Banks all their hard working lives.


Banks do not lend money, they advance credit generated by the Mortgagor's own signature on the Prom Notes/Negotiable Instruments the Mortgagors create in the first place. This is way above your pay grade mate, let alone the very basics of what a Bank (as a Service Agent for the SPV) has the Locus Standi to do in the first place.


You will have your day my son, I'm right there behind you and will remain on your tail until people wake up to what you are doing.


WBMC have the right to Increase Rates, it's in the T and C's that the innocent Mortgagors were hood-winked into signing thinking they were borrowing money, they were doing nothing of the sort. If you don't know that, then you are even more stupid than your childish posts, if you do know it, that makes you something else and you know it. Stick that in your ever growing pile of libel threats pal.

But what has the Power Of Attorney got to do with all that? Please explain...

Thrugelmir

BeetrootMike wrote: »

Thrugelmir, we've all tried 'reason'. Unfortunately it doesn't work I can assure you.

It's only a matter of time before you get sucked into the Hoover and Dyson world of Stephen's wonderful mind.

Seems you have already. As the washing machines spins around and around. Continuing to post when no one is listening. :wall:

Shame this particular washing machine of a thread doesn't have a dryer function.

rate_hike

Lewis_Ranieri wrote: »

Mark,


I have not used the POA yet in my respective claims, so you are way off track with that one.


You skirt around the issues and never answer questions. Far from being broken my friend and far from being delusional, I see straight through you.


You can't even answer the question as to whether Mortgagors have a Contract or an Agreement, let alone know the first point about Contract Law.

How is it the golden egg if you have not used it yet yourself, in that case you should be with Mark not against, as it could be bought up if it was relevant.

antrobus

Lewis_Ranieri wrote: »

The most important decision against a Bank in Global History. One Judge who was honest and dealt with the Bank as they should be dealt with. In Truth. The Jerome Daly Case stands.
First National Bank of Montgomery v. Jerome Daly

.....

That old chestnut.:) Commonly known as the Credit River Case. Daly took his case before some local court in Minnesota and won. The bank promptly got the decision nullified pdq on the grounds that the court in question only had jurisdiction over disputes involving less than $100.

You can read all about it in the Minnesota State Law Library
http://mn.gov/lawlib/creditriver.html

It would be worth noting that;

• The case dates back to 1968. No one has taken any notice of it for over 40 years.:)
• The judge (actually a justice of the peace) who made the decision would have been sacked for contempt of court had he not died in 1969.
• Jerome Daly was subsequently convicted of tax fraud.

antrobus

Lewis_Ranieri wrote: »

Mr T, US Federal Banking is Based on The City of London BoE model, where have you been for the last 200 years? Asleep?

Actually it isn't.

For one thing the Federal Reserve Act was only passed on the 23rd December 1913, so the Federal Reserve has only just celebrated its 100th birthday. Clearly therefore, you were asleep for at least the first half of the last 200 years.:)

BeetrootMike

Sooooo disappointing! Stephen is being proven a fraud on all fronts and now he's given up altogether. What will we do with our evenings now??

Florian_Dyson

Hello Mike

I am still here. After all the nasty comments I left the board so fast you could not see me for dust.

You were nice though.

Strangely, my doggies have been barking throughout the night. They have never done this before. Perhaps they are feeling all my stress about the Skipton rate hike?

I spoke to my Japanese friend Meile again (she was in Argos at the time) and she said I should not join the Skipton action.

However, my friend Henrietta (who works at Euronics), said that I should join as it could turbo charge my chance of getting the rate hike overturned.

I am so confused.

I have few people to turn to. My husband blows hot and cold and is getting annoyed at me writing on MSE when I have so much Spring cleaning to do, not to mention medicating the dogs as they have ingested some silverfish.

My friend Cillet Scott might be able to advise, but her and her husband Barry are always off on extended holidays and they sometimes Vanish with no warning. Bang! and they've gone.

I thought being an amateur landlord would be a Fa-breeze but how wrong was I?

Dear Mike please advise on my predicament.

I may not be able to post much more because my husband may pull the plug on me being on MSE, so don't read anything it to it if I can't come back.

It was lovely knowing you though this brief time - you have brightened up my days just knowing you cared about me and my dogs.

Love Florian

BeetrootMike

Dear Florian,

I’m glad you’re well and thank you for your very kind words.

I think you should trust your Natural Instinct. Your two lovely doggies will love it too. They do a full range.

Good luck with the spring clean – it’s a good time to clear your mind of all the rubbish that gets in there!

Best wishes,

BeetrootMike

dturner451

Lewis_Ranieri wrote: »

Before we start - notice all references to the gentleman in charge at 118 have been moderated - all evidence of his behaviour deleted.

Ans in Italics Dean

New questions in red



However, you say Forums act as a hoover , charging fees and leading to false hope.


Some do, dome don't, 118 does, they are being paid handsome expenses. Not to join, but in expenses.



Not in the WB case . But do you really expect someone to do all this for nothing ?





I have not paid any fees to join the forum. The only fees I have paid are into a secure account for the legal fees of our barrister and WB fees should that be required. I do not have false hope. We have not been given any guarantees . This is not false hope. It is our only hope as no one else we have approached as given us any real assistance.


I admire anyone with the fortitude to stand up against a Bank. Some appear to be standing against Banks, but the truth behind the scenes is very different if you know where to look. Barristers and Solicitors cannot do anything that is not in the Public Interest. Who is the Public? Check. I think you will find that it certainly is not people. More so Bank.

I do not agree, the individuals are the public the Banks are corporations


You keep mentioning POA. This however appears to me to contradict you.


How?
Because you say the banks don't want us to know but that they will use it to stop us winning. They can not have it both ways. They can not whisper in a judge or administrators ear

Why is POA so important?


POWER OF ATTORNEY is a Legal Term many of us associate with taking on board when relatives, friends or loved ones are no longer able to make their own decisions or conduct their own financial affairs in the latter stages of life. When we have POA it comes with a position of Trust and responsibility to the livelihood and security of the donor of the POA. We would all expect the person having the POA to act in our best interests. The POA is not a position granted lightly.

Having this knowledge in mind, you would consider the donation of a POA in relation to your own financial affairs to a total stranger would border on insanity. Would any of you do it? I guess the answer is no.

Well, if you have a Mortgage, whether it be a Residential, BTL or Commercial product, this is exactly what you have donated to the Bank. The POA is contained within the T & C's of your Mortgage in all but the minority of cases. It is this POA that allows the Bank to:

1. Sign financial documents in your name.
2. Sell your Mortgage documents, a process referred to as securitisation,
3. Hike interest rates.
4. Repossess the Mortgaged Property as and when it feels fit.
5. Sell the property as it sees fit and chase the Mortgagor for any shortfall.
6. If the latter happens, one of the outcomes can be a charge on your residential property or personal insolvancy.

If you knew this was possible, all through the POA, would you have signed the Mortgage Deed at your Solicitors? Would it make you stop and think?

We all seem to be complaining about Banks in one guise or another, however, 9 times out of 10 the Banks are only doing what you signed up for - to allow them to do pretty much what they feel like, and in your name via the POA.

If in doubt, check the small print in your Mortgage T & C's, you will see in many cases that you have granted the Bank "Irrevocable Power of Attorney".



If POA is the golden bullet that will win us this case , why do you think our legal advisor will not use it?


Not in the "Public" interest. He'd never get another job.

But you know Barristers who would , why would they get another job but ours wouldn't ?


You say it is something the banks do not want us to know and that our advisor will not use . If that's the case I envisage a situation in Court where no one will bring it up. So why is it important?


As above


Surely if WB are going to use it they will bring it up in Court? But you say they do not want us to know about it. How will they use it against us then ? Perhaps I am missing something?


No Dean, it let's the cat out of the bag. Take away the POA and everything the Bank does in your NAME, Legally, would not be permitted. Selling your Mortgage Documents as a Negotiable Instrument for a start, oh and hiking interest rates as it sees fit.

So how will they use it against us without letting the cat out of the bag?

You say you and your colleagues. Please tell us who you really are then, your qualifications and experience for being able to pass on this vital information. Hiding behind false names does not give you credibility. tell us about you and your colleagues.


Qualifications - experience of the fraud first hand for 5 years. I am not prepared to discuss my private affairs or prove anything, all I am doing is giving you all the information you need to ask the right questions. Do you need to know who an author is when you read a book or is the content more important?



If im reading The Hobbit. Lord of The Rings or Harry Potter, no it does not matter. But if I am looking for advice on finance, legal or banking matters, yes I would want to know about the person giving that advice , their back ground and experience and what is motivating them to give me that advice. Especially if its free.


For all I know you could be being paid by WBMC to derail this Action.








You say you have been defrauded by around 30 financial institutions. I don't think I could name 30 . Who are these institutions ? and why have they all chosen to pick on you ? Are these the only ones you have been involved with or have you had involvement with other ones?


Any Corporation is a Financial Institution is it not?


Maybe but which ones have defrauded you ? and why you ?


You must be the unluckiest man in the world for 30 to pick on you . What have you done to upset them?


Bored them silly with hocus pocus about POA, really gets to them, they respond with aggression and sarcasm in the main, I jest.



So you want us to bring POA up ? Wouldn't that mean they might start picking on us ?

Have you taken them to court over this?


Define Court?

I don't need to you know what I mean. Have you sort legal action against them and if so what happened ?


If so what was the outcome? You seem to have a lot of knowledge of this , did you use the PoA argument when you took them to Court ?


You are not in a Court Dean unless in front of a Jury, anything less is an Administrative Hearing in front of an Administrator working for the Bank, Public. Difficult to get your head around, but if you do enough digging you will find the truth. The Banks cannot afford to let this topic go into a real Court, the Jury would hammer them every time.

Sean Fitzpatrick AIB and Goodwin RBS will be there soon enough as you can see in the press.



Why would you sack Mark Smith?


He is acting in the Public interest for a start. Check what this means with any Solicitor or Barrister that is transparent and they will tell you about the Oath they take to the Court, Bar etc.

Mark Smith and his mate who we can't mention on here have anyone who mentions the POA banned from 118 and threatened with Libel. Why is that do you think?



Because they think you are trying to taint their name in a public forum ?


Do you think he is purposely trying to lose this case and if so why would he do that ? What would be in it for him to do that ?


Smith is paid either way and has left the POA out. What do you think?

But if you are right he and Mark Alexander would get more people signing up in new Actions if they had a winning and not losing track record .


Who would you use instead of him?


I'd make him do his job properly, he made his bed, make him eat, sleep and breathe in it until he does. Don't let him off the hook is option 1. Option 2, you need a Barrister with some experience who is prepared to do the job. Mary Gibbons - Bills of Exchange specialist Barrister - Stone Chambers that is what I call a serious Barrister with serious knowledge of the whole affair. You need a Lay "person" with that kind of clout or you find someone of Mary's clout. Also Brian Silk - Lloyds Action Now.

The best man for the job - Clive Zeitman - Stewart's Law - check the case vs RBS. Stewarts do not take Banks as clients.



You say you offered Mark Alexander your help? In what form and for what in return? This whole action as got to where it is by being co ordinated by Mark Alexander and facilitated by P118. Many people have given their help to Mark to get this far. I do not think I have ever seen him turn anyone away who offered to help. So why would he refuse yours ?


I offered my help through my contact base. I am working with the top experts in the UK, Ireland. Most of them were/are pioneers in exposing the Banks and Courts in the dirty tricks they pull. Many have been in this fight for 5 years, some up to 18. The POA was the first thing they spotted, it's blatant.

So you would direct us to people who had been fighting the POA for 5-18 years but have still not got it sorted ?



If all Barristers belong to the same club , then who can we turn to for help? Are you suggesting that they will all try and ensure the Bank wins ? Please tell us who we should contact if not another Barrister ?


As above. Find one that does not represent Banks.

But you said they have all taken the same oath and belong to the same club?



Im sure you indicated in an earlier response that the £460000 ( not £480k I said earlier sorry) would be used in fees by our legal team. However you say now that's not the case. But you do say the Barrister is paying Mark Alexander a handsome amount of expenses. Are you aware that the group have agreed a fee with Mark Smith that they are happy with paying.


Let's just say I'm aware of more than you think :-) or Smithy and Co think.

So enlighten us . I was at the meeting the made the decision to engage Mark Smith and agree a fee and payment schedule. If you say they are taking more than they agreed you should put that forward with evidence not just imply it.



What Mark Smith does with that money is up to him. He could put 25% of it on this weekends Grand National, use 25% for drugs and drink and spend 25% on high class hookers and then waste the rest for all we care . It is his money, no one ( other than my wife) tells me what I do with my ( our , her) money. We know what the amount is. I can not see either of them getting that rich on it.


Dean, you are obviously a very genuine chap, Barristers make their money by creating a controversy, they get paid more, it's the game. You can all expect to be paying a lot more, you wait and see.





They make more by winning cases and creating a good track record .So why try and lose ?

You say he stands to make a small fortune from repetitive class actions but the banks don't mind he as missed the firing pin.


Indeed, WBMC are not flinching my sources are telling me. Why would they? I want you guys to win, hands down, nail the Bank to the wall, expose the whole truth of what they have done from start to finish as Miriam Freeman and NewEra are doing. Have the Directors on Trial, as we are seeing with AIB, soon to be RBS and without doubt Investec.

Your sources ? Who are they and why are they telling you this?


From Actions already taken by WB it would appear they have some concerns


In my group there are Private Prosecutions flying in all directions against Solicitors, Bankers, Bank Staff, Bailiffs, all of whom have been complicit some way along the line. Last week two Bailiffs were charged with Burglary and Trespass in Worcs Crown Court at a Private Prosecution. How many of you Mortgagors "suffering" with LPA Receivers would like to see these people in the dock? What these people are doing is Criminal, not Civil.

This is nothing to do with LPA. It is a lenders breach of terms implicit in its documents trying to suggest a section that has nothing to do with a tracker mortgage applies to a tracker mortgage. Previous attempts by WBMC to move borrowers off that product onto another show that until some law firm came along even WBMC knew it hadn't. This is just them trying to manipulate terms to mean what they want. Without the Action Group brought together P118 they would have got away with it without a fight .


If he loses because he didn't attack the PoA , how many people will join the next class action based on his track record of one nil to the banks ? I wont be joining !


Dean, it wont matter, certain people will already have lined their pockets don't you see? That is why they are so desperate to start actions against Skipton, BoI and MX before this lot has a result. Can't you readers see it? This is why any mention of POA receives the abuse from these people that it does, it exposes the missing link in their chain!

It looks to me like only Skipton is being set up at the moment. Its taken 6 months to get this far so it makes some sense to get things moving sooner rather than later. What people decide to do at this moment in time is up to them. But there as been a lot of work and time involved so a fee is reasonable to charge. The level of that fee people will have to make their own minds up if its worth paying.


It is in his interests to win in order to make a small fortune on repetitive class actions. Losing on purposes by not taking your advice is cutting off that small fortune.

He can't get away with it in an Administrative Hearing - not allowed to, not in the Public's Interest remember? My friends have taken this right to QUEENS BENCH and the Supreme Court, as one man vs the System, the Corruption and Collusion is unable to be breached. On a rep action with many thousand Mortgagors, publicity, this is the answer as it was in South Africa, exposure, they cannot cover up the truth. This is what Mr No Name had offered to him to help set up, co-ordinating with NewEra and some of the brightest brains in the box such as Carmel Butler, look at the treatment. P118 has an incredible opportunity to deal with LPA Receivers, unlawful repossessions (34,000 last year) and rep actions to protect Mortgagors at every level, they chose not to and let the Banks off the hook.

So how is it working out for your friends?


I maybe wrong but you seem to be suggesting P118 hand over the funds of £460000 to your causes fighting the POA . If they did would that benefit us ? Because you refuse to say who you are the cynic in me is starting to think that you see the P118 funds as a fund to fight a clause in contracts that have gone against you in order to benefit you ?




You have the firing pin. Explain more about this firing pin and how it will work?


Ask the Bank if they have hiked the rate on the back of the donation of the POA by the Mortgagors. Simple. Then I would further expose them on what they have done with the Mortgage Notes on the back of the POA. The Bank is not a Lender, it is a Service Agent for the SPV. Banks DO NOT Lend money, you need to have that firmly in your heads, all of you. Banks Advance Credit, they do not make Loans. You create that Credit, not the Bank. Listen to the Four Horsemen and the chaps from the IMF, they explain it well on this video. Banks do not Lend Depositors funds to Borrowers. That is Fundamental Banking. That is no conspiracy theory or pseudo woo, or whatever else the ill-informed want to label the Facts, or those who seek to profit from having you think otherwise. The BOE 2014 Q1 report goes some way to finally admitting this FACT, check it.

We are fighting a breach of contract , simply as that .



There are a few of us who have had Court room experience. Another Barrister and a solicitor. They seem to be backing the current situation. Maybe they are in on this too? If they are one of them as paid more in than he would get as a share, so he must be very stupid?


Would say not, would put that down to a lack of understanding of Negotiable Instruments and Money Creation. They are probably just simply in the dark.


What was your Court Room experience and how did that work out? Did you use PoA ? If not . why ?


My experience is in Administrative Hearings, one is not in a Court unless in front of a Jury with a Judge under Oath. One maybe in a Hearing Room, that is not a Court. My angle presently is Subject Matter Jurisdiction, the lack of it on behalf of the Court, their Orders being Void. POA will be the next level. One step at a time.

So you want access to P118 £460000 for the next step ?



You say Truth and decency drives you. So please , give us your really name , tell us of your experiences . What you do now and why. What you have done in the past, what employment work you have had or have.


My story is irrelevant, suffice to say my BTL portfolio was significant. Look at the Facts Dean, not at the man behind them. Trust yourself and where you feel the truth is. Research as much as you can, that is your best weapon. Grab yourself a copy of the Banking Code. Bill Turner on You Tube explains the main parts succinctly. Don't be distracted by any Freeman nonsense or the fact that his Tutorials are re New Zealand Banking, all based on the same foundation of Common and Contract Law.

It is very relevant as I explained earlier.


At the moment the suggestion is you have been made bankrupt . I am therefore having to try and read between the lines as you will not give me additional information.


you have said 30 institutions have defrauded you . No one is that unlucky. Therefore I have to guess that you have done something to upset these institutions. I am guessing failed to make payments and therefore had your loans called in. Probably then had property sold for below what you felt was its Market Value and left you with a substantial deficit.


I am guessing you tried to take these institutions to court but did not have the funds to do so . You are probably a very clever person and have done a tremendous amount of research in this area. watched a lot of you tube videos and read a lot . You may even have been to university at some stage in your life and taken a law based subject.


You are probably part of a group of people who have been in the same situation and have tried to raise funds but probably failed. It seems to me therefore that you have tried to hi jack this fund in an attempt to fund the legal case you need in order to have someone overturn the POA clauses you have fallen fowl of.


Our case does not appear to have the need to question POA , maybe yours do ?


You have a lot of time to try and discredit the people organising our case but you say you are doing it for our own good. Almost every reply to any of your comments belittles you , yet you continue to offer advice. You must have elephant skin . If I were trying to help people and yet they kept coming back and abusing me I would just think " you know what f@@@ you" .


Only Jesus took this much stick . Will we not be hearing from you on here over Easter ?


One thing positive you have done is bring POA to the attention of Mark Smith and he as dismissed it. Therefore if it transpires that it was a mistake we can sue him. However, I do not think that he is trying to lose this case on purpose or is not taking your advice because he is scared of the Establishment. Have you seen him ? He looks a right hard [EMAIL="b@@@@@d"]b@@@@@d[/EMAIL] ! A cross between Clint Eastwood and Bruce Willis.


I think if you honestly believe you have a valid point you need to come clean as to who you are , your past experience, your qualifications and your motivation.


At the moment I think I have read your comments and considered what you have not replied to / answered.


My opinion is you are either working for West brom, which I doubt . More likely you have fallen on hard times with the property market , defaulted on some loans and been made bankrupt and hence had all your assets striped from you Been ripped off on charges and fees and values and its been pointed out to you that all these powers were in your terms and conditions and they could effectively do what they wanted, despite the fact that had they actually let you try and manage the disposals yourself you would have been left in a much better financial position. In which case I feel for you as that is something that could happen to a number of people trying to better themselves but falling foul of a dramatic downturn in an economy , mainly brought about by the negligence of banking and government, but paid for by individuals while the very people of were responsible get away scot free and even profit from it. Much like the Directors of West Brom are trying to do now instead of facing up to their responsibilities.


I was going to suggest that all you are doing is attempting to derail this case. But in truth you cant . We will either win or lose and your contribution will not have had any effect on that.


I trust this has proven to be helpful.

It will only prove helpful if you provide more detail about yourself as requested above .




Dean

antrobus

Lewis_Ranieri wrote: »

...In my group there are Private Prosecutions flying in all directions against Solicitors, Bankers, Bank Staff, Bailiffs, all of whom have been complicit some way along the line. Last week two Bailiffs were charged with Burglary and Trespass in Worcs Crown Court at a Private Prosecution. ......

I just thought I'd point out that if "private prosecutions" really were "flying in all directions" against all and sundry, then one might expect that some media outlet somewhere would have picked up on this momentous event. Nope. Not a trace of anything such thing.

I even tried to see if there was any reports of the "two bailiffs" who were charged with "Burglary and Trespass in Worcs Crown Court at a Private Prosecution". Another complete blank. Although perhaps that's not surprising, as no one can get 'charged' with trespass, because trespass is not a criminal offence.

Just in case anyone has any doubts as to the reliability of the information supplied by the Poster Known As Lewis Ranieri.