repossession, but why? not being reasonable

Dan_Collins_2

Big D and Conrad have a point though, and it does take 2, you cant just blame the lender, the borrower promises to repay, that what a mortgage is! Life is hard, some we win some we lose!

The problem we have is that our lives are ruled by the flashing box that sits in our living rooms feeding us info that we dont need or should really want! Adverts, media reports, soaps, reality TV and more adverts. We now believe what we read and watch, to a point that no longer are we trying to keep up with the jones but trying to keep up with the rich and famous. This puts a financial strain on us all, we all like nice things but it has gone a little to far!

Take Christmas, used to be easy to buy gifts but now everyone has everything!

We have an obsession with wealth and property etc and its making us forget what is important! Family, Friends and your health, with these whats the point in having money??

Sorry for getting all Orwell!!

Merry Christmas to you all!

little_miss_spender

Dan_Collins wrote: »

Big D and Conrad have a point though, and it does take 2, you cant just blame the lender, the borrower promises to repay, that what a mortgage is! Life is hard, some we win some we lose!

The problem we have is that our lives are ruled by the flashing box that sits in our living rooms feeding us info that we dont need or should really want! Adverts, media reports, soaps, reality TV and more adverts. We now believe what we read and watch, to a point that no longer are we trying to keep up with the jones but trying to keep up with the rich and famous. This puts a financial strain on us all, we all like nice things but it has gone a little to far!

Take Christmas, used to be easy to buy gifts but now everyone has everything!

We have an obsession with wealth and property etc and its making us forget what is important! Family, Friends and your health, with these whats the point in having money??

Sorry for getting all Orwell!!

Merry Christmas to you all!

I think you need to check over what i have already written from the beginning as it seems that some of you have got a bit confused.Which i quite understand due to my rantings. I will point out a few things that may help.
1. I dont blame anyone for my debts and have not in my posts blamed the lender.
2. As I have said I do not watch the flashing box in the corner of the room, hence i do not have to suffer advertising, reality tv, soaps or any other such rubbish, and I also have no wish to keep up with the rich and famous or the jones's whoever they may be.
3. It is Christmas and i have bought only necessary items which i think people would use. I have also made a lot of gifts myself necklaces etc,paintings etc.
4.My family has always come first, and that is why i have got a huge mortgage because i didnt want to put my mum and dad in a home. not because i spent it on holidays, flash cars or designer clothes.

little_miss_spender

Merlot wrote: »

Little Miss Spender quote -Your honest approach Merlot would have been ok if it was actually helpful advice you were giving. But it isn't it is your opinion, which doesnt help in the slightest.

I did try and help, if you read the above post, you need advice from the CAB, not from a forum who cannot see your paperwork.

Merlot

Thanks Merlot I have already been to the CAB and they weren't that helpful actually. Which really suprised me because years ago i used to know a money advisor who worked at the CAB and he was amazing.

Dylanwing

LMS - Rather surprised about CAB, they are normally pretty good. Having re-read your original post, one thing that I find odd is that they don't seem to like putting anything in writing, but are happy to adopt a bullying tone about ignoring FSA rules on the phone. Perhaps now is the time to evoke the formal complaints procedure, which should be available on their website. Basically, hit them with the Final Complaint - Set out your proposal for repaying the arrears, and quote Norgan v C&G, and cut and paste a copy of the FSA guidelines. They can lie and bully you on the phone, but committing it to writing is another matter. If you have saved copies of previous correspondence, send copies and ask them why they have never responded. Ask them about the guy who said they have internal rules - Was he correct that they do not follow FSA rules, or do they comply with the paragraph detailed earlier. A good tip is to 'bullet point' and number the questions, and ask them to reply to each numbered question individually - That avoids waffle and 'accidentally' avoiding awkward questions.
Just checked GE's happy clappy website and the complaints procedure is very woolly. Can somebody else confirm if it is the FSA or FOS that will deal with this if GE don't help. Threaten them with whichever one it is, make sure you send it recorded delivery, and request an acknowledgement by return, and a full reply within 30 days. Be firm, polite, ask awkward questions, and be reasonably concise. It might be worth requesting a copy of their complaints procedure is sent with the acknowledgement, as that can be useful. If they try and call you, make sure that you request that they follow up the call confirming everything in writing.
I would also check out some of Martins threads about these fees being unlawful, as you may be able to reclaim some of these once this is resolved.
Make your New Years Resolution "Fight back, and don't let the bas**rds grind you down".

MortgageMamma

Just to clarify, you need to make two complaints.

1, complain to the FSA that they are not following the rules with regards to reposession.

2, complain to the FOS about the financial complaint, i.e. how they are being unfair to you in this matter

MortgageMamma

also, do get i touch with the CAB again, you will need some assistance/representation in court

Dylanwing

Just to add - By putting a reasonable and affordable offer in writing, you can prove to the Judge that you are trying to come to an agreement (Assuming that they still take the Court route). The Recorded Delivery proves that it has arrived (Maybe pay extra and get it Registered?). Never rely on Financial Institutions being honest (As you have found with Crapital One), hence the reason that it is so important to force them to put everything in writing. I know that it sounds cynical, but after I was 'misled' (Lied to!) a few times whilst in difficulties, I started demanding everything in writing, and advised that I was recording calls (OK, I was lying too!), and it was amazing how attitudes changed. In fact some staff were very reluctant to talk if they thought the call was being recorded... Says it all really.

little_miss_spender

Well Dunstah, as to your comment that lenders are lending amounts of money to people who can not afford the repayments, i think this is probably true. But I could easily afford the repayments when I took out the mortgage, neither the lender or myself are phsycic

Noz

think he has already asnwered that in post 63 to be fair

gilligansyle

dunstonh wrote: »

You have to look at the situation with an understanding of the real world. Also, if you read the post you will see that I quoted a post from someone else and not the OP.

Having a mortgage is not a right and taking one out is not risk free. You either accept the risks or you insure yourself against them or you stay in rental property. A decent emergency fund and a PHI policy would have avoided all this. That doesnt help the OP as its too late now but there are others reading who this hasnt happened to yet who may see this as an opportunity to look at their own situation and resolve it.

unfortunately sometimes circumstances are such that we can't all afford an emergency fund that will cover a few months mortgage payments. Sometimes you think you are OK and then something happens that knocks you for six.

This happened to me, I sorted it, eventually, but my lender would not accept anything except full payment of arrears. On the advice of CAB I just kept sending them a cheque for extra with a covering letter saying that this was a payment off the arrears and would they accept this amount regularly, which they kept refusing, while taking the money obviously. Because I was still over one month in arrears, they added fees on. CAB advised me to let them take me to court. At court, their solicitor accepted the CAB's offer, which was less than mine, without question.

It would be really nice to have a crystal ball, and while you can plan to a certain extent, sometimes the world just bites you back.