9 years and still fighting

9 years and still fighting

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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peter cookson

13:01 PM, 12th November 2018, About 6 years ago

If I can help others I will , I am happy to go forward under the umbrella of (Property 118)

Ideally I would need to have a meeting with Mark.

peter cookson

13:29 PM, 12th November 2018, About 6 years ago

Some Landlords may of took their own lives due to Banks actions , if property 118 , the Landlords Alliance etc , want to run with me , the more the merrier.

My case is won we have the ( NIFA) who will back me , you cannot get any better than that.

No Judge, barrister etc can go against what the (NIFA) representative states in a bonified Report.

It is very powerful I will state again Annual Statements are not the whole truth , that is why you are given them openly , Landlords Mortgages are commercial you need every single calculation.

Ask your Lender for a Detailed Account Breakdown of your Mortgage Account you cannot possibly know what’s going with a yearly sheet provided once a year of only 12 payments when you have had 365 (sums) done on a “ daily Rate “ calculated Mortgage.
Computers make errors.

Trust me my case will cause an earthquake.

Tim Fenn

16:22 PM, 12th November 2018, About 6 years ago

Hi Peter,
You sound incredibly passionate and I agree with your point.
The trouble is, I, like many others reconcile my mortgages and year end. They are usually spot on, the odd penny here and there.
Even if they are a whole payment out, which I agree would be wrong, it would be a lot of fighting for just a few hundred pounds on each mortgage.
It’s so hard for people to engage in this argument when most of us are grateful we get to have mortgages in the first place.
You should share your story, I think more people would engage.
Saying that a random, unknown landlord may or may not have taken their own lives over this unfortunately just turns people off.
The banks leagal teams will know this, it’s real stories with real people that are needed.

peter cookson

18:50 PM, 12th November 2018, About 6 years ago

Hi Tim

I am starting a book it is in ( draft) what I think your missing is you say “ most Mortgages pan out to be correct at the end of the year “

The ( FCA) openly admit at least 750,000 people have been “ double billed”

What about people who were repossessed on Arrears that did not exist, then those arrears figures duplicated to be able state the arrears are “ two months in Arrears “ which contractually allows repossession under ( LPA 1925)
Repossession makes a lot of money that’s why my Lender commited Fraud.
If you provide email I will send you the ( Draft)

Tim Fenn

18:58 PM, 12th November 2018, About 6 years ago

Hi Peter,
I wholeheartedly understand your point, I quite believe that 750,000 people have been over charged.
But how many of those 750,000 have been repossessed, and of those that have been repossessed how many were only 8 weeks in arrears on possession day and shouldn’t have been repossessed.
I’d love to take a read, my email is tim at mcfenn dot co dot uk.

Rob Thomas

20:13 PM, 12th November 2018, About 6 years ago

Hi Peter

It seems that some arrears you had with Chelsea Building Society were informally capitalised and when Yorkshire Building Society took over they went ahead and repossessed your property without acknowledging that the arrears had been capitalised.

Obviously, if you miss a monthly payment you will be charged interest on the higher amount outstanding on a daily basis. I wouldn't call that double counting myself. But if you made ad-hoc payments and these weren't credited for the purpose of calculating interest until the end of the year I would agree that is unacceptable and in my view basically fraudulent unless expressly allowed by the terms and conditions.

peter cookson

23:39 PM, 12th November 2018, About 6 years ago

Hi Rob

Auto - cap is deemed fraud irrespective of wether in the T/Cs or not.
As per ( FCA) Ban June ( 2010)
As per precedent set Master Ellison (2014)

peter cookson

8:24 AM, 13th November 2018, About 6 years ago

Hi Rob

Your reasoning about ( ad- hoc) payments is exactly 100% on why an Annual statement is not fit for purpose.

You are not given an individual receipt of that ( ad- hoc) payment so you cannot see mathematically the benefit of the ( ad- hoc) payment , my overpayment never reduced the capital balance as stated in the T/Cs, to make matters worse they took the payment by Direct Debit that made the Overpayment, so technically they stole my money and hidden it.

So the figure required was deemed to be two month in arrears , if the Overpayment would of been applied correctly ( ie) the Original amount would of been reduced by £191.00 the “ sight “ of this would have “ crucified “ them so they simply would not provide it.

So when something happens Fraudulently by a Bank or BS regarding a very serious wrongful repossession your ammunition is held as “ privileged Information “

Remember I have the benefit of seeing the “ perjury “ that takes place that a Lender will present in front of Judges not many people individually go this far.

However when I get funding for a “ private prosecution “ their walls will come tumbling down and there is nothing they go do to stop it .

I state again an Annual Statement should have attached with it the computation of the Lender this will show everything you need to know by the day, this is what is called being transparent.

The energy secretary wants this to happen for electricity bills , so why not Mortgages this will open “ pandora’s Box”

Message to All Landlords
All we do is get hammered tax tax tax , if a Mortgage is Calculated on a 365 “ daily basis” why is this mechanism hidden from sight , and why is it “ titled” privileged Information? Is that not the opposite of ( TRANSPARENCY) remember a lot can happen in a year .

Let ( property 118) lead the way along with (Landlords Alliance).

Tim Fenn

9:26 AM, 13th November 2018, About 6 years ago

Hi Peter,
I read your draft last night, it’s an interesting read.
Unfortunately, whilst I see what the chealsa have done. I think you’ll struggle to gain traction with the masses.
I wish you all the luck in the world with your private prosecution.

peter cookson

16:34 PM, 13th November 2018, About 6 years ago

Cheers Tim

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