Rooftop question- again.

[IanM]

I have asked this question on another thread somewhere but it may have been missed, or maybe nobody knows the answer so i'll ask again just in case.

When, exactly, did Rooftop close down for business and sell their mortgage book to Farringdon Mortgages?

How long before they sold their mortgage book did they know they were in trouble and would have to sell?

Thanks.

[wales01man]

Re: Rooftop question- again.

rooftop are still trading if you check companies house website

[IanM]

Re: Rooftop question- again.

rooftop are still trading if you check companies house website

They were closed to new business in 2008 sometime, but someone told me the FSA had something to do with stopping them giving out any new mortgages so I was wondering if anyone had any information that may be helpful.

I am asking because according to the ICO the people I deal with at Cheltenham, allegedly Rooftop Mortgages, does not have a listed Data Controller and was wondering why I was told to address my SAR to Cheltenham when the ICO said it should have been sent to London.

I want to know whether to include this point in my complaint about Rooftop to the FOS, especially as the paperwork I received in respect of my SAR was woefully short of what I am entitled to.

[IanM]

Re: Rooftop question- again.

Did Rooftop 'sell' their mortgage book to Farringdon? or are they just administrating the accounts on behalf of Rooftop?

[IanM]

Re: Rooftop question- again.

UPDATE:


Rooftop latest victim of mortgage writedowns

Mortgage Solutions | 21 Apr 2008 | 01:00

The mortgage industry is resigned to other lenders following Rooftop Mortgages out of the market aft...

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The mortgage industry is resigned to other lenders following Rooftop Mortgages out of the market after Bear Stearns pulled the plug on its subsidiary.
Brokers were given until 5pm on Friday 18 April to place new cases with the lender, with detailed information on pipeline cases being sent out to distribution partners.
Rooftop's chief executive Ginny Darrow said the origination business had become "unsustainable" with no sign of recovery in the wholesale markets.
Justin Urquhart Stewart, marketing director at analyst Seven Investment Management, said the demise of Rooftop was inevitable because of the difficulties of Bear Stearns, and warned other lenders would most likely follow. He said: "Lenders need to have the strength and support of a large corporation to support them, so at the moment that means many are in severe danger. There will be others closed or merged in the coming weeks and months."
Vic Jannels, chairman of packager All Types of Mortgages (AToM), said he was extremely disappointed Rooftop had succumbed to market pressures, and emphasised AToM had enjoyed a "fantastic relationship" with the lender.
Jannels said: "I thought the rumoured help from the Bank of England might have encouraged a stay of execution for some of those lenders in trouble. The question now is who is next?"
It has been a bad week for lenders, with GMAC-RFC forced to make substantial redundancies, and Royal Bank of Scotland thought to be pursuing a share issue with existing stakeholders to raise funds.
There has also been more speculation about the future of Wave and Mortgages plc, after parent company Merrill Lynch admitted losses of nearly $2bn, with 4000 redundancies to follow.


I have just found this even though it was written in April 2008 and it clearly states "IN RED ABOVE", so what is going on?

How long before their 'demise' did they know that their demise was inevitable?

Were they encouraging brokers 'to place new cases with the lender' with higher than usual broker fees, or secretive commission payments?

Were Rooftop the most suitable lender if you were taking out a mortgage in the 12 months leading up to its demise?

Who now owns my mortgage?

Why have they not told me?

What are they hiding?

[FARNJULLHOUSE]

Re: Rooftop question- again.

I have asked this question on another thread somewhere but it may have been missed, or maybe nobody knows the answer so i'll ask again just in case.

When, exactly, did Rooftop close down for business and sell their mortgage book to Farringdon Mortgages?

How long before they sold their mortgage book did they know they were in trouble and would have to sell?

Thanks.

ROOFTOP ARE STILL TRADING A LONDON FIRM OF ACCOUNTANT PURCHASED THEM, THEY STILL HAVE THE SAME STAFF.I UNDERSTAND THEY ARE NOT LENDING SO THE STAFF AT ROOFTOP TELL ME. MY PROBLEM IS THE LIBOUR RATE ROOFTOP BANK WITH BARCLAYS, SO WHY IS THE ACTUAL LIBOUR RAFTE LOW BUT EVERY 3 MONTHS ROOFTOP PUT THE MONTHLY RAFTE UP IT NOW 5,5% SEE BELOW

GBP	05-01-2015	04-30-2015	04-29-2015	04-28-2015	04-27-2015
GBP LIBOR - overnight	0.48313 %	0.47938 %	0.48063 %	0.48063 %	0.48063 %

I HAVE 15 K OF EXTEREST INTERST 17K CHARGES I BORROWED 300 I OWE 370K I FEEL LIFE IS NOT WORTH GOING ON WHEN I FEEL I AM NOT GETTING THE CORRECT ANSWERS FROM ROOFTOP

[IanM]

Re: Rooftop question- again.

ROOFTOP ARE STILL TRADING A LONDON FIRM OF ACCOUNTANT PURCHASED THEM, THEY STILL HAVE THE SAME STAFF.I UNDERSTAND THEY ARE NOT LENDING SO THE STAFF AT ROOFTOP TELL ME. MY PROBLEM IS THE LIBOUR RATE ROOFTOP BANK WITH BARCLAYS, SO WHY IS THE ACTUAL LIBOUR RAFTE LOW BUT EVERY 3 MONTHS ROOFTOP PUT THE MONTHLY RAFTE UP IT NOW 5,5% SEE BELOW

GBP	05-01-2015	04-30-2015	04-29-2015	04-28-2015	04-27-2015
GBP LIBOR - overnight	0.48313 %	0.47938 %	0.48063 %	0.48063 %	0.48063 %

I HAVE 15 K OF EXTEREST INTERST 17K CHARGES I BORROWED 300 I OWE 370K I FEEL LIFE IS NOT WORTH GOING ON WHEN I FEEL I AM NOT GETTING THE CORRECT ANSWERS FROM ROOFTOP

Ask Rooftop for a true and full statement of account. I did and was refused, then on going to court in March this year Rooftop told the court that they had amended the statement to backdate a solicitors fee which made our account in arrears yet the judge wasn't interested, I wonder why?

Could it be because the solicitor fee was payable to TLT who just happen to have a partner that is DVP of the Law Society and the judge doesn't want a black mark against him for going against them?

[FARNJULLHOUSE]

Re: Rooftop question- again.

Rooftop mortgages keep sending us papers that do not show breakdown.