SAFE - Struggle Against Financial Exploitation Ltd.

WEBSITE NOTICE

SAFE OPERATIONAL NEWS:

Except for the loyal few there is a shortage of voluntary help, either in the SAFE Office or out in the field, resulting in SAFE having to pay for services such as internet, telephones, stationery, computer/data base maintenance, travel etc.

The Lack of financial support and help, either from members, victims or grants, even the re-imbursement of expenses means Elaine Williams and Robert Owen are again funding SAFE from their own pockets/State Pensions

ROBERT OWEN (now 70) has decided to retire as director, so new directors may be sought, however upon filing the year end August 2009 accounts and Returns with Companies House the company, (a Not for Profit company limited by guarantee), may become dormant.

The website will remain in existence until the advanced payments have expired.

SAMS ~ RWP

All the funds raised by SAFE for the SAMs casualties, (circa £2m), were paid by SAFE into the escrow account held by RWP Solicitors, on the understanding that the costs incurred would be reimbursed by RWP (as had been intimated). However in the event Hillary Messer of RWP Solicitors decided that ALL the monies raised were needed for legal costs/fees, as a result SAFE is circa £30,000 out of pocket.

Read All SAMs News >>

APPG

[All Party Parliamentary Group Against Financial Exploitation]

SAFE as the Secretariat have decided to keep the APPG active, especially as we run towards the election.However, no doubt because of other ‘distractions’, there seems little enthusiasm from MPs’, other than the dedicated few to take any real interest in the APPG.

The Secretariat will therefore be taken over by Elaine Williams who will make a decision as to whether to re-register the APPG after the election.

Read All APPG News >>

IAN TAYLOR-FORREST ~ (ITF)

Having brought and won the Libel Action, as Litigants In Person (LIPs), as a result the High Court issued an Order with Penal Notices attached requiring ITF to remove his malicious lies from his websites and publish retraction/apologies as set out in the Orders. Taylor-Forrest has refused and so was sentenced to six weeks in Brixton Prison, the Arrest Warrant being issued on the 2^nd December and he was arrested in Poole late afternoon on Monday 7^th December.

JACK J 02NOV09 ORDER.doc | Judge Jack Judgment.doc | ARREST ORDER | Read All ITF News.>>

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Breaking News

Reforming financial markets
08:48 - 23.07.2009
JULY 2009
Presented to Parliament by The Chancellor of the Exchequer by Command of Her Majesty
July 2009 Cm 7667
See full document
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BARCLAYS BANK PLC SAM Hardship Scheme Annual Report for 2008
10:03 - 23.02.2009
1. This is my third report as the Adjudicator appointed under the Shared Appreciation Mortgage (SAM) Hardship Scheme set up by Barclays Bank plc (the Bank) in mid-2007. It is in fact my second annual report, but, since I delivered a mid-year report in the summer of 2008, it concentrates on the second six months of the year.
Read more...
SPEAKING OUT THE TRUTH; INVICTA !
09:23 - 03.02.2009
"Sir James Crosby behind massive SECURITIES FRAUD with HBOS, is now running FSA with Hector Sants."
If you want just a "hint" about some of the 'raw' truth that sits behind the collapse of HBOS on 18 Sept 2008, I at last have powerful evidence that HBOS' ex-CEO is involved in a murky SECURITIES FRAUD case along with the FSA, where over $200 million dollars has "disappeared" to more than 400 creditors who have been left in the lurch after having their lives turned upside down.
Read more...
Shared appreciation mortgages: Home owners to use new law against against Barclays and HBOS
08:28 - 21.01.2009
A group of home owners with so-called shared appreciation mortgages have taken the first step towards suing their lenders.
www.telegraph.co.uk
Read more...
Darling is urged to act over SAMS Loans
00:00 - 24.11.2008
Alistair Darling is facing a new headache. The Chancellor must reply to a letter from lobby group SAFE, asking him to look at the plight of elderly borrowers with Shared Appreciation Mortgages....
Read The Full Article
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The sam busters
06:32 - 15.11.2008
Shared appreciation mortgages, briefly available in the mid-1990s, are hitting the headlines again.
Capable of raising finance for the cash-poor and asset- rich, particularly those in or near retirement, Sams have been criticised for being expensive and inflexible. A recent change in the law raises the possibility that borrowers can go to court to get out of these contracts and recover their losses.
Shared appreciation mortgages, briefly available in the mid-1990s, are hitting the headlines again.
Read more...