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Hi to all
We took out a secured loan in December 2007 with Capstone Mortgages who are the UK arm of the disgraced Lehman Bros. We got into financial difficulties, i.e. my hours became less ( I was self-employed ). My wife had also lost her job. I wrote many letters to them offering a reduced monthly payment. They did'nt want to know. Basically, pay the full amount ( plus loads of added illegal sundries on top ) or face repossession. We did pay them but obviously not the amount they were after.
By the way the property was in my wife's name not mine, nevertheless they wanted my signature on the loan agreement. I remember in court, that was the first thing the judge asked, and their solicitor (Glenisters who have now ceased trading as from January 2010 ) couldn't answer that.
In March 2010 we had a buyer for the property. Had 2 suspended court orders after that even though they knew we had a buyer. Unfortunately, approximately 3 weeks before the contracts were signed they issued an eviction notice. It is only subsequently that I found out that I could have applied to the court for an N244 to halt proceedings.
I have emailed Richard Dyson of the Financial Mail, our local MP as well as the FSA. Also have posted a CIB form.
I would like to know why the FSA have fined Kensington, Swift plus others. I would also like to know what is the fine being used for ? Have the borrowers caught up in the clutches of these parriahs been recompensed ?
Stephen
We took out a secured loan in December 2007 with Capstone Mortgages who are the UK arm of the disgraced Lehman Bros. We got into financial difficulties, i.e. my hours became less ( I was self-employed ). My wife had also lost her job. I wrote many letters to them offering a reduced monthly payment. They did'nt want to know. Basically, pay the full amount ( plus loads of added illegal sundries on top ) or face repossession. We did pay them but obviously not the amount they were after.
By the way the property was in my wife's name not mine, nevertheless they wanted my signature on the loan agreement. I remember in court, that was the first thing the judge asked, and their solicitor (Glenisters who have now ceased trading as from January 2010 ) couldn't answer that.
In March 2010 we had a buyer for the property. Had 2 suspended court orders after that even though they knew we had a buyer. Unfortunately, approximately 3 weeks before the contracts were signed they issued an eviction notice. It is only subsequently that I found out that I could have applied to the court for an N244 to halt proceedings.
I have emailed Richard Dyson of the Financial Mail, our local MP as well as the FSA. Also have posted a CIB form.
I would like to know why the FSA have fined Kensington, Swift plus others. I would also like to know what is the fine being used for ? Have the borrowers caught up in the clutches of these parriahs been recompensed ?
Stephen
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