NR Together Prior to 2006

lemonade_lifestyle

I don't have that so can I request it from Northern Rock?

homer_j_3

Yes, that would be the information but if they want to charge you for copies of this, come back on here as it may be worth trying for a claim and spending that money on letting the claim company get all the information in one go.

lemonade_lifestyle

Thank you ever so much. I have been given the link to a loan checker company and it would seem that there is a small charge for the details but they would deal with everything, apparantly. Seems a bit too good to be true!!

lemonade_lifestyle

Sorry but one last thing, Will this affect my mortgage with northern rock in anyway?? Like the banks and claiming, will they strike me off??

homer_j_3

I did not provide you with the link but yes they are a company that will do it for free.

Generally speaking, I was completely shocked and outraged that someone would try and get out of these contracts and with another company being the one that brought our (the people of this forum) attention to this, I was almost laughing about the fact that this could be done.

Being an inquisitive kind of person and liking to try and expose things for what they really are, I was contacted by someone at the company that you mention and I was told a few basic things about this whole scandal.

It really has opened my eyes and whilst I see some of the stuff they are doing has been part of common law for years and years, the banks and lending institutions of the country have been able to keep it out of the way from people realising their actual rights.

Now with it becoming a period of time where debt is crippling many people and repossessions on the increase. There is law which has been argued at the Highest level and means that there are an awful lot of people that can be helped through this.

The rights of property which are in issue in this case are those set in an agreement which is regulated by the 1974 Act. The Act subjects the rights of the creditor to restrictions in some circumstances. Section 65 declares that a regulated agreement which is improperly executed cannot be enforced by the creditor except by means of an order of the court, and section 127(3) declares that it is not to be enforceable at all except upon the condition which it lays down. The agreement which was entered into in this case was from the outset an agreement which was improperly executed. So it was always subject to the restrictions on its execution which sections 65(1) and 127(3) of the 1974 Act set out. I would hold that FCT's Convention rights under article 1 of the First Protocol are not engaged in these circumstances.

This quote is from a case where somebody used their car as collateral and failed to pay the debt back on time and it was challenged that because the loan agreement had been completed incorrectly then the person who had lent this money was unable to do what they did. The long and short of it is that this person had their car returned and their money back too. The lender was left without anything because of this. This is the law and the arguments are far more complex than what I have made out here but effectively this is how they do it.

Now, I understand the too good to be true line. The above case, the person was able to employ legal help where a lot of people have not and up until now as no company was able to get the funding to do this free of charge. This company has and another part of law which states that where a claim is over 5k the people making the claim can recoup their costs ontop of the amount you are claiming to cover their expenses. Hence why there is a minimum claim of 5k for these companies.

I hope that helps you understand?

homer_j_3

lemonade_lifestyle wrote: »

Sorry but one last thing, Will this affect my mortgage with northern rock in anyway?? Like the banks and claiming, will they strike me off??

It is actually part of the banking code that a bank cannot close an account where a customer makes a complaint so people who have made claims under unfair bank charges will not (or should have not from the date this was introduced into the banking code) be able to close your account because you challenge them.

This will be the same as far as I am aware in the mortgage world as long as you continue to repay your mortgage and loan until the matter is sorted.