Hamilton

[Paul.]

Re: Hamilton

Didnt work, ignore my post

[Never-In-Doubt]

Re: Hamilton

Mags,

You'll notice I have split your posts - your new thread is here: ---> Endeavour Problems

[di30]

Re: Hamilton

What so annoys me about when companies dissolve, such as the one above, is when they continue to run other businesses then start up another!
Anything to avoid any liabilities of complaints!

"Phoenix" is the word in my opinion!

[di30]

Re: Hamilton

Details of the business @ Companies House.

Click Finance Limited
Company Number: 04239176

Number of cases 1 (of 1 Cases)

Case Type Voluntary Creditors Liquidation
Wind up date - 11.04.2011
Appoint Practitioner - 11.04 2005
Due to be Dissolved - 23.03.2006

Voluntary Creditors Liquidation.......

Krasner Gerald Maurice
Begbies Traynor
Burley House
12 Clarendon Road
Leeds
Ls2 9NF

[di30]

Re: Hamilton

To prove that the brokers were introducers and not standard credit brokers I had emailed the ones who valued our property, I enclosed a copy of the valuation report, and only those of packagers/introducers would be able to instuct these procedures on behalf of the lender, so a signed agreement of an agency relationship must have been done.

Anyway copy of my email below and below that - a copy of the response received

.................................................. .............................................

Good afternoon

I did email the business about a month or so ago, and it's in regards of a general query.

I require the details for the Financial Ombudsman Service (FOS) in regards of the business that arranged the valuation back on 21 July 2011.

I attach the copy of the Mortgage Valuation Report, and it seems it was instructed by Click Home loans Ltd, (Click Finance), so even though we have this confirmation as shown on the document enclosed, I just wondered if your company could also clarify on this. They need to know if they were standard brokers or introducers (mortgage packager for secured loans etc), it's just a basic query but we just require clarity on this, thank you.

Many thanks and apologies for bothering you, and look forward to hearing from you.


Kind Regards

***** *****

.................................................. ...............................................

And here's the response email...



Good afternoon,

Please accept my apologise for the delay in you receiving a response to your query.

I can confirm that 1 Click were the introducer.

Kind regards


C
Team Leader, Surveying Services
2 Boundary Court, Willow Farm Business Park, Castle Donington, Derby. DE74 2NN
DD
01332 813027

Fax
01252 379107

Email
clare.cheatle@cwsurveyors.co.uk

[di30]

Re: Hamilton

I wrote to EPF a few months back to question them on their involvement, they got back to confirm, letter received below.

[di30]

Re: Hamilton

Application form

[di30]

Re: Hamilton

Thank you Niddy, just attached these above by the GIF option. Cheers.

[di30]

Re: Hamilton

Some docs here of the EPF/Hamilton Ins Policy

[Never-In-Doubt]

Re: Hamilton

To read these properly, click the image so it opens in a new window

[Never-In-Doubt]

Re: Hamilton

Ok Will give it a go this afternoon, as soon as my visitors have been and gone, cheers Nids

Terms are clearer now....

However one point to notice here, these are a mock-up. Look at the numbers 1-9 then 8 instead of 10?





Agreement is also clearer, as below:

[di30]

Re: Hamilton

If you can email me it then i'll zoom it all in via PS unless they're too small to start in which case you can adjust the scanner dpi to get it to zoom in.....

Ok Will give it a go this afternoon, as soon as my visitors have been and gone, cheers Nids

[Never-In-Doubt]

Re: Hamilton

Paul, I will get round to posting up the t&c's this afternoon.

If you can email me it then i'll zoom it all in via PS unless they're too small to start in which case you can adjust the scanner dpi to get it to zoom in.....

[di30]

Re: Hamilton

Paul, I will get round to posting up the t&c's this afternoon.

[di30]

Re: Hamilton

So to get this straight,

(oh btw the copy agreement you sent i cant read the words on it)

you went to a broker to arrange the loan.

You never asked for PPI at all.

The first time you saw the PPI was when you were sent the agreement?

did you pay the broker an arrangement fee to go find you the best loan for you? or did you ask them to go specifically to this lender and arrange the deal?

i would also need to see the terms and conditions overleaf and any PPI terms supplied.

It's rather small and some parts are unreadable.

It's a strange one really, it was our very first secured loan, so i lacked knowledge then on how this actually worked.

There is a lender agreement that was signed on 7 July 2004 (Endeavour personal finance) before the Broker application taken place afterwards where we signed the loan application on the 16 July 2004.
Our signed agreement was dated 30 July 2004.

We cannot recall on this and do not even remember the insurance matter being raised with the broker during the application, and that is correct in regards of the PPI it was on the Endeavour lender Agreement (that's when we assumed it was just part of the package, with lack of knowledge of these loans then) and the terms were different to that of the application form, which makes us think now if they extended it to 300 months with ppi so we would have been paying the same as if it were 240 months without the ppi).

We understand through research that the lenders Endeavour had an agency agreement with these, so Click Finance the brokers were Introducers, Introducers would therefore do the work and not give advice to the customer/applicant and they would do all the instructing for the lender, so on completion fees would be paid from the lender to the broker.

I did post up the T&C's on one of the above posts, but do have a separate policy in regards of the insurance, with the logo Endeavour and the insurer/underwriter those of Hamilton Insurers details enclosed.

So we are wondering if in this case the lender made arrangements with the insurer and the broker had no involvment in this part of it, the problem we have here though the broker/introducer dissolved in 2006.
Let me know if you want me to post up the PPI policy details booklet, I shall do so at some point today, cheers.

Sorry, I know this seems a complicated case.