Melbourne Mortgages-help Needed

[TUTTSI]

Re: Melbourne Mortgages-help Needed

Hi Wavey Davey
No we have not yet taken it further as they did reduce the charges after a few letters.

To be able to take it to the FOS you need to have a final decision from them that they will not repay or reduce them. Have you written to them and requested a refund?

As the charges etc are added to the balance of the loan they are not as I understand it subject to interest being added.

We will take this further to the FOS when we are nearer redemption of the loan as the charges are still extremely high.

Please let me know how you get on with the FOS.

[Turboman]

Re: Melbourne Mortgages-help Needed

Hi Tuttsi--As you may have gathered-I'm on to Mortgage Claiming now--the links for the Guide Templates don't work for me so have been looking for these posts by Elizabeth as in Sapphy's thread which sounded encouraging

They are very encouraging indeed!

Got your/Sapph's letter so will use it if I may---is it from the Guide I can't see?

Whats the discussion re Arrears Charges not being eligble for interest?

On the statements for Halifax-they are added to the balance on the statement just like a bank statement-so presumably I can treat it with 8% (or the actual rate) ??

Are the CAG templates more or less same as here?

[TUTTSI]

Re: Melbourne Mortgages-help Needed

Turbs
We used Sapphys letter and amended it appropriately. FYI- you can go back 12 years on Mortgages.

Not sure about what you are saying about interest on arrears charges. There are also posts by Elizabeth on one of my threads which were extremely helpful.

Basically you have to write requesting a refund by way of letter before action, once they respond and say they are refusing to pay, bang in a complaint to the FOS, they take time unfortunately but you should receive some compensation + interest.

With Melbourne they agreed to refunds some of our charges and after a bit of haggling we agreed to accept the offer which they made and have reduced the amount of charges as they were very expensive. As this was for charges that are still on our account and they are not charging us any interest on these charges.

Good luck
Tutts x

Hi Tuttsi--As you may have gathered-I'm on to Mortgage Claiming now--the links for the Guide Templates don't work for me so have been looking for these posts by Elizabeth as in Sapphy's thread which sounded encouraging

They are very encouraging indeed!

Got your/Sapph's letter so will use it if I may---is it from the Guide I can't see?

Whats the discussion re Arrears Charges not being eligble for interest?

On the statements for Halifax-they are added to the balance on the statement just like a bank statement-so presumably I can treat it with 8% (or the actual rate) ??

Are the CAG templates more or less same as here?

[Turboman]

Re: Melbourne Mortgages-help Needed

Thanks Tutts--it was post 29--re "non bearing interest" charges I didn't understand

Been reading Mortgage threads across here & PAG all day---I'm exhausted but confident now!!

I'll find that other one OTR you mentioned later as well

[TUTTSI]

Re: Melbourne Mortgages-help Needed

As I said in my previous thread the charges which the Mortgage company have charged us are not accuing any interest, that is what I mean by non bearing interest charges.

Thanks Tutts--it was post 29--re "non bearing interest" charges I didn't understand

Been reading Mortgage threads across here & PAG all day---I'm exhausted but confident now!!

I'll find that other one OTR you mentioned later as well

[TUTTSI]

Re: Melbourne Mortgages-help Needed

Following another thread on Webb..... at post 69 http://www.legalbeagles.info/forums/...ad.php?t=26429
it has opened my eyes too our own situation with Melbourne Mortgages.

Melbourne Mortgages who collect our monthly 2nd mortgage payments for Prestige do not appear to be authorised on the FSA register. When I checked this morning Prestige Finance who our actual mortgage is with, it appears that they have been suspended by the FSA.

I think on Monday I have to phone the FSA to find out how this company Melbourne can be collecting our mortgage payments when the company which they are collecting for are suspended and they themselves are not authorised for this type of business.

I think a can of worms may be opened up...... it will be very interesting to see where this is going to lead us and how we go about sorting this one out.

[TUTTSI]

Re: Melbourne Mortgages-help Needed

Another interesting point is that Melbourne Mortgages have been dormant since 2009
What about all the charges they have applied to our account - how do they pay staff?
I have many more questions than answers.

Registered Office88 CRAWFORD STREET, LONDON, W1H 2EJ, UNITED KINGDOM

Incorporation Date01-08-1995Category65230 | Other financial intermediation not elsewhere classifiedLast Accounts Filed up to31-12-2009TypePrivate Limited with share capitalAccounts TypeDormantStatusActive

We took the loan out with Prestige and it was immediately assigned to Melbourne and all of our payments have been made to Melbourne from inception of this loan in 2007 - so how comes that Melbourne have been dormant since 2009.

OFT Licence it appears that they have.

Application / Licence Details




Licence Number:0400227
Licence Status:Current

Current Applicant / Licensee:

Business NameCompany Registration NumberMelbourne Mortgages Limited3086412

Categories:

Consumer credit Provision of credit information services, excluding credit repair

Right To Canvass Off Trade Premises:No


Issued Date: 20-Oct-1995
Date Maintenance Payment Due: 20-Oct-2015


Legal Formation:

Body Corporate (incorporated inside UK)

Current Individuals that run the organisation:

NamePositionDavid Leon Stern Howard Marc Sheldon Simon Perry Stern

Nature of Business:

Other Investment/Financial Advisers

Current Address(es):

Address TypeAddressPrincipal Place Of BusinessPrestige House, 16 Melbourne Road, Bushey, Hertfordshire, WD23 3LNRegistered Office88-90, Crawford Street, LONDON, W1H 2EJ, United Kingdom

Historic Address(es):

Address TypeAddressPrincipal Place Of BusinessBournehall House, Bournehall Road, Bushey, Hertfordshire, WD2 3DWPrincipal Place Of BusinessBournehall House, Bournehall Road, Bushey, Hertfordshire, WD23 3DWPrincipal Place Of BusinessShern House 16, Melbourne Road, Bushey, Herts, WD2 3LNRegistered Office13, Station Road, Finchley, London, N3 2SBRegistered Office32, Green Anne Street, London, W1M UHDRegistered Office32, Queen Anne Street, London, W1G 8HDRegistered OfficeHobson House 155, Gower Street, London, WC1E 6BT

[Judge mental]

Re: Melbourne Mortgages-help Needed

Tuttsi

Im not sure how much of the is relevant or significant to your objective, but -

Melbourne Mortgages ltd, previously known as MELBOURNE BROKERS LIMITED and DEALGRADE LIMITED before that.

Directors
David Leon Stern
Howard Marc Sheldon
Simon Perry Stern

registered with OFT, recently (15th July) applied for a variation of their license to include credit brokerage, application pending

David Leon Stern has other business interests, he is a director of Jestwin Securities Ltd (also registered at 16 MELBOURNE ROAD, BUSHEY), Swingcastle ltd (Bournehall Road
Bushey) who appear to be the parent company of prestige finance , , and prestige finance ltd, 16, Melbourne Rd, Bushey

Prestige - both 16 Melbourne Rd., Bushey and Bournehall Road, Bushey are used

Directors Howard Marc Sheldon, David Leon Stern

not registered with OFT, neither is its parent company Swingcastle ltd

Sheldon and Stern Management Services Limited, Loans Management Services Ltd, BSG Solicitors, Armitage Securities Ltd, Colindale finance corperation ltd, pen finance ltd and Jokada finance ltd also trade from 16, Melbourne Rd, bushey an address that is called Shern house in some places and Prestige House in others.

Fingers in pies springs to mind

Regards

Stuart

[maryneedshelp]

Re: Melbourne Mortgages-help Needed

Hi I still need help over Prestige, I sent a request to them about my mis sold PPI, They wrote back telling me the broker was The Black & White Group who sold me the PPI for Premier Writers Ltd and it had nothing more to do with them and could be of no more help.The loan was for £21,000 plus PPI of £2,365.00 plus £500 fees total £23,865.00. I paid this of early and had to pay the full amounts also PPI was a single premium up front.The Black & White Loan company are now dissolved and FSCS told me as the loan was taken out in Nov 2003 they can not help.Can anyone here help as where to go or what to do next.
Thank You

Read more at: Grrrr - Prestige Finance Ppi - Legal Beagles Consumer Forum