9 years and still fighting

9 years and still fighting

by Readers Question

Guest Author

18:34 PM, 31st October 2018, About 6 years ago 72

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Anybody had a Buy to let Mortgage with Chelsea Building Society? Between Circa on or around 2009 you are likely to have been over charged in interest.

If you have been repossessed around this time then you need to check your figures.

I had four properties repossessed and a member of the Network of Independent Forensic Experts (NIFA) confirmed I was not (2 months in arrears) at the point of Repossession.

My fight continues 9 years on.


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Tim Fenn

9:03 AM, 11th November 2018, About 6 years ago

Hi Peter,
I’m fascinated by this, excuse my ignorance but surely there was an amount of money you could pay to stop the repossession. You could have then sued for breach of contract after?
Is there some background to the case I’m missing?

peter cookson

9:09 AM, 11th November 2018, About 6 years ago

Tim my friend

I have spent £120,000
They used “ strike out” a defence for them stopping you going to trial.
Chancery court (dismissed) High Court - Supreme Court etc etc.

Now I go to private prosecution.

Tim Fenn

9:40 AM, 11th November 2018, About 6 years ago

Reply to the comment left by peter cookson at 11/11/2018 - 09:09
Wow, that’s a big spend.
Was that after the repossession?
Did they not provide a figure to stop possession?

peter cookson

10:00 AM, 11th November 2018, About 6 years ago

Auto - Capitalisation
Lenders terms do not allow for arrears to continue at the start of a new year the arrears do not exist.

It’s simply the Lender frauding you of the “ truth”

But that is just the beginning.

peter cookson

10:02 AM, 11th November 2018, About 6 years ago

On June (2010) the then ( FSA) now ( FCA) had to come clean of Lenders “ double billing” but it is kept relatively quiet.

It is “ Criminal Fraud”

Tim Fenn

10:11 AM, 11th November 2018, About 6 years ago

I’m aware of the capitalisation of arrears and how that practice is being stopped. It certainly isn’t fair to automatically capaitalise these and increase payments whilst at the same time ask for possession.
What happened in your case? Could you simply not pay your way out of the situation and take legal action after?

peter cookson

10:12 AM, 11th November 2018, About 6 years ago

Mike Begg

Director of Beat the Banks as extreme knowledge of Banking and is one of the univocal best “ whistle blowers “ there is ex - Banker etc ,he states that most Mortgage Calculations are wrong due to the amount of attachments to the Mortgage ( legacies) .

Tim Fenn

12:05 PM, 11th November 2018, About 6 years ago

Hi Peter,
I wish you the best of luck and I’ve absolutely no doubt something is a miss with the some banks.
It’s very difficult to understand what your end game is. Are you looking for financial redress of some kind or just trying to prevent this happening to others?
You seem reluctant to share the specifics of your own case, this makes it incredibly difficult for others to get on board with you.
I would certainly be interested in the maths of this specific case as I’m sure others would be.

peter cookson

10:56 AM, 12th November 2018, About 6 years ago

Hi Tim

You need to read the findings of the Bank of Scotland v Housing Rights ( Northern Ireland) Case .

This case was 2015 it was kept very quiet but the judge essentially seen the Bank very obviously “ double billing” but using the Capitalised amounts for repossession even though the arrears no longer existed.

It was titled “ Criminal Fraud” and the Police were brought in.

The Capitalisation is hidden and can only be found in the Detailed Account Breakdown, but the government allow the Lenders to keep
Hidden from view “ privileged Information “
And it as been going on for years and years.

Rob Crawford

12:19 PM, 12th November 2018, About 6 years ago

Wow, this thread has grown. I am not sure if this has been mentioned previously, but is this not a case that could impact all landlords with mortgages and if so could the Landlord Union not take a role in facilitating Peter in some official way? I assume Peter, that you are a member of the Union?

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