Blemain Finance repossession Unfair relationship Unfair charges

[ralfy]

Re: Blemain Finance repossession Unfair relationship Unfair charges

Hi to all, just wanted to say what a fantastic thread - this has given me a massive boost. I can relate to so much of the above from my own dealings with BM and MR. I'll be starting my own fight back this year and this information will be invaluable - thank you.

[MissFM]

Re: Blemain Finance repossession Unfair relationship Unfair charges

You then have to find the document either on your computer or on the net and click "upload"

[jumper999]

Re: Blemain Finance repossession Unfair relationship Unfair charges

OK wps.....if you click the button at the bottom where it says "Go Advanced"...there will be another section that will come up that says "manage attachments"....try that....if not I will try and explain a bit better unless someone beats me to it.

[welshperson]

Re: Blemain Finance repossession Unfair relationship Unfair charges

Jumper I have to go out now but explain how to post a copy of a document on here.
Pleeeese

wp

[welshperson]

Re: Blemain Finance repossession Unfair relationship Unfair charges

Copy my judgment were blemain lost

http://i902.photobucket.com/albums/ac230/welshperson3/untitled.jpg

http://i902.photobucket.com/albums/ac230/welshperson3/untitled1.jpg

http://i902.photobucket.com/albums/ac230/welshperson3/untitled2.jpg

wp

[welshperson]

Re: Blemain Finance repossession Unfair relationship Unfair charges

If you have received a Default Notice that is the same as the one below and blemain have a suspended possession order get it set aside, or if going to court then get it thrown out.

http://i902.photobucket.com/albums/ac230/welshperson3/img005.jpg

wp

[welshperson]

Re: Blemain Finance repossession Unfair relationship Unfair charges

Ok some information on commissions paid to brokers by blemain.

Look at your loan agreement top of first page that will tell you what interest rate you were charged, the higher the interest the more the broker got in commission, also it is the broker who set your interest rate not blemain.

I cant post up images at the moment but try the link below it will show you what commissions blemain were paying brokers



http://i902.photobucket.com/albums/ac230/welshperson3/commision2.jpg

wp

[welshperson]

Re: Blemain Finance repossession Unfair relationship Unfair charges

I have documents I want to upload but the file size is to big, anyone explain how I can post up my documents on here ? (jpeg)

wp

[welshperson]

Re: Blemain Finance repossession Unfair relationship Unfair charges

Blem-ished I have sent you a PM, there is nothing in there that I don’t intend to post on an open forum, but if we can deal with one point at a time then hopefully this thread will become a good source of information .
Sorry I didn’t have time to post up some documents tonight but I will post them
wp

[Blem-ished]

Re: Blemain Finance repossession Unfair relationship Unfair charges

Good morning fellow hounds

1. Many thanks again Welshperson for your valuable comments. Noting your point that Blemain now just put "Instruction of Agents" on the statements (I've only just got my hands on these, had to be forced out of them by the Court), I have just gone and searched out the old letters that Monarch sent me. By the way, I was charged £250 by Blemain for "referring" my account to Monarch, even more than the sum that outraged the FSA re Cheshire Mortgage Corporation.
Just a reminder, the Monarch letters came in A4 folded envelopes (standard letter envelopes) and the letters were printed on pale yellow paper, the logo was in brown. (Blemain letters came in A5 envelopes).
I have found the Monarch letters in the original envelopes, postmarked the day before the date of the charges shown on my statements.
I don't think we have to worry about proving that Blemain's use of the device of "referring" accounts to Monarch Recoveries was a venal practice invented to add illegitimate charges. The FSA has declared the identikit practice between CMC and MR to be unacceptable and this is an identical practice, by the same rogues.
If you did need to prove it, well, the letters and envelopes I have from 2008 show that they both used the same Royal Mail licensed mail franking machine: N1206887. On the Monarch envelopes, on the Blemain envelopes. Makes you wonder how these different companies accounted for the bill for that franking machine under expenditure in their annual accounts, as they couldn't have any way of splitting up the bill. Must have been a huge postage bill too, given their fondness for sending all those threatening letters at £33-46 time a throw. They couldn't possibly both have claimed for the same bill against tax could they? Not year after year even? One for HMRC perhaps?
2. Welshperson, if I could beg another favour, if you do have a "get out of jail free card"! please let me know what it is.... By the way, I have never reneged on a debt, but usury is different, and threatening and lying as Blemain do, is something else. These people have sneered and jeered at me in threatening and abusive tones when I have been both very ill, and just bereaved. They have laughed at me when I was terrified at the prospect of repossession, and claimed that they had not received payments which were sitting in their bank account. I have decided not to be bullied by them for one second longer. I need help please with all lawful means to oppose these beasts.
3. Also WP, I would like to know about hidden broker fees. I was very careful to ask BG repeatedly when taking out the loans, if there were any hidden fees or commissions. I did that because at the time, there was a lot of publicity in the media about just that issue, I couldn't really understand the loan agreements, and it was the only clue I had as to how I might be able to keep the costs down. They told me the only money paid to the broker, was the broker fee that is shown on the loan agreements. If they lied to me, I need to add this urgently to my s140 CCA claim so would greatly appreciate any info about how prevalent it was. I don't have the underwriting sheet or any docs yet. The Blemain Beast has failed to produce the docs, much good may it do them.

[welshperson]

Re: Blemain Finance repossession Unfair relationship Unfair charges

Hi tuttsi
I personally don’t know about rooftop, but if you want to find out for sure then get hold of a document that they have to file at company house you get all the information you need, accounts and financial statement it will give you all the information on a company.
This is a legal document that a company files and states to be true, in blemain/ monarch case it is also signed as true by the accountants.
　
Figaro a good question and something that a judge would ask you to prove if ever this is brought up in court, now its easy to prove blemain monarch is one and the same I will get you the documents later
wp

[suffering]

Re: Blemain Finance repossession Unfair relationship Unfair charges

I,ve not had any dealing with monarch. They went straight for the lpa receivers with me They appointed sterling / waterfold .who also shared the same buiding until recently and have blemain directors running the receivership companies i have emails full of lies denying they were part of blemain, the thing is they treat everone as if they are stupid but its all starting to catch up with them. Sterling was the original nameof their receivers but they then tried to disguise it as waterfold thinking no one would notice.
Keep the ball rolling information is key

Re: Blemain Finance repossession Unfair relationship Unfair charges

It is the same as the Rooftop situation when you call Rooftop.... you are actually speaking to Webb. Rooftop do not have any employees or indeed any overheads.

[jumper999]

Re: Blemain Finance repossession Unfair relationship Unfair charges

I found some info on Monarch Recoveries on this website:


https://www.duedil.com/company/01959...veries-limited


About Monarch Recoveries Limited

Monarch Recoveries Limited was registered on 15 Nov 1985 with its registered office in Cheshire. The business has a status of 'Non-trading'. Their founding director was Adrian Grant, who is British, aged 54. Monarch Recoveries Limited have a single shareholder; Jerrold Holdings Ltd. They have no known group companies.

[jumper999]

Re: Blemain Finance repossession Unfair relationship Unfair charges

Hi figaro123 I am not sure you will have to prove if Monarch & Blemain are the same because the FSA have already done that for everyone........and this bit of info that wps posted up also proves that they were the same:

Monarch recoveries weren’t on a different floor, they only existed as a name, they had no employees,
Someone would phone you in the morning and say they were from blemain, same person phones you in the afternoon and says they are from monarch,
The accounts filed at company house for monarch recoveries state that they have no employees


FSA fines Cheshire Mortgage Corporation £1.225 million



The Financial Services Authority (FSA) has fined Cheadle-based mortgage lender, Cheshire Mortgage Corporation Limited (CMCL), part of the Blemain Group, £1.225 million for failing to treat customers fairly in the sale of mortgages and arrears handling from October 2004 to the end of 2009.



The CEO of CMCL, Henry Moser, has been fined £70,000 and agreed to step down from his role within three to six months. Andrew Lawton, the firm’s compliance director, has been fined £13,500 and banned from holding a significant influence function.



The FSA has also required CMCL to carry out a redress exercise that could see approximately £2 million paid to around 2,000 affected customers.


CMCL operated in niche markets, including lending to customers with poor credit histories. The FSA found that CMCL failed to treat some of its customers fairly when they fell into arrears, was unable to always demonstrate that mortgages it sold were affordable, and did not always communicate regularly or fully with its customers. Moser has been disciplined for failing to spot these problems and put them right.



CMCL overcharged some customers in arrears and applied arrears charges inconsistently and unfairly. Customers were also sometimes notified of charges after they had been incurred.



The FSA also found that:

• when CMCL transferred customers in arrears to Monarch Recoveries for debt recovery, they were charged £150 despite it being an in-house company;
• CMCL did not always make a reasonable effort to reach an agreement with customers in arrears over method of payment; and
• CMCL did not always properly assess the affordability of mortgages by, for example, challenging a customer’s declared income.

Moser, as CEO, was ultimately responsible for the actions and compliance of the firm, however he failed to ensure the firm was being properly managed so that problems would be identified and remedied. Lawton was aware of certain poor practices taking place at the firm but failed to put them right and demonstrated a lack of competence and capability in his role as a compliance director.


Tracey McDermott, director of enforcement and financial crime, said:



“CMCL’s lacklustre approach to regulation, combined with very poor practices in collecting arrears, meant that some customers already worried about being able to pay back their mortgages were put under undue pressure and sometimes ended up paying more than they should.



“The failings of Moser, Lawton and CMCL were serious and let down a vulnerable group of consumers. Where firms and individuals fail to comply with our rules and treat customers fairly they should expect to be held to account.”



CMCL and Moser both settled at an early stage of the investigation so qualified for a 30% discount, without which the fines would have been £1.75 million and £100,000 respectively. Lawton settled at a later stage of the investigation and qualified for a 10% discount, without which he would have been fined £15,000.