Dear all concerned,(posted 7584 days ago)Just being browsing through latest legal updates on (TLT) website and came across this article,looks very interesting and worth pursuing as you will note from the contents.
Lenders beware of LoanCheckLenders beware of LoanCheck
LoanCheck, a company based in Leicestershire is targeting all mortgage customers and in particular those of sub prime lenders. It is promoting itself as offering “a fast and efficient service to pursue claims against financial institutions” on behalf of customers who believe they “have mis-sold/mis-administered mortgages and other financial services”.
Through its website - www.loancheck.co.uk, LoanCheck claims to be able to provide an on-line assessment of whether “you are likely to have been overcharged by your lender”. For a fee of £115 the customer is then referred to a panel solicitor who will take on the case on a “no win, no fee” basis. LoanCheck is currently approaching a number of law firms to add to its panel.
The first indication lenders are likely to receive of LoanCheck’s interest, is an approach from an associated company which is more discreetly named, Audit Marketing Limited (AML). To gain details of an account, AML will submit a Subject Access Request Notification. Before responding to such a request extreme care should be taken, particularly where the request is made through a 3rd party such as AML.
The prospect of being able to challenge the accuracy of a mortgage account at nominal cost to the customer supported by a solicitor on a no win no fee basis, is likely to lead to a proliferation of disputes as the services of LoanCheck become more widely known.
LoanCheck, a company based in Leicestershire is targeting all mortgage customers and in particular those of sub prime lenders. It is promoting itself as offering “a fast and efficient service to pursue claims against financial institutions” on behalf of customers who believe they “have mis-sold/mis-administered mortgages and other financial services”.
Through its website - www.loancheck.co.uk, LoanCheck claims to be able to provide an on-line assessment of whether “you are likely to have been overcharged by your lender”. For a fee of £115 the customer is then referred to a panel solicitor who will take on the case on a “no win, no fee” basis. LoanCheck is currently approaching a number of law firms to add to its panel.
The first indication lenders are likely to receive of LoanCheck’s interest, is an approach from an associated company which is more discreetly named, Audit Marketing Limited (AML). To gain details of an account, AML will submit a Subject Access Request Notification. Before responding to such a request extreme care should be taken, particularly where the request is made through a 3rd party such as AML.
The prospect of being able to challenge the accuracy of a mortgage account at nominal cost to the customer supported by a solicitor on a no win no fee basis, is likely to lead to a proliferation of disputes as the services of LoanCheck become more widely known.
Mohammed
ps:i look forward for your responses