By: willyhistory71
2 days ago (Monday, 9:31 am) Yahoo! Profile:
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hmmm my last post was deleted "Terms Of Service" Do not understand why?
I indicated that I had rang RHGL who advised that the cost to exit was $695 plus $295 legal fees.
The customer service officer , said this was only indicative of the costs.
Thus this post had no justification of deletion so I put it in again as help to other RHGL customers as to the costs involved. |
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By: rhgripoff
4 days ago (Saturday, 5:49 pm) Yahoo! Profile:
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Gutless RHG are absoloutly GUTLESS !
They have Unysis doin there dirty work.
Too the RGH Board you are GUTLESS !!!!!!!! |
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By: rhgripoff
4 days ago (Saturday, 11:17 am) Yahoo! Profile:
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Waiting to see what the cronies at Rams opppsss.... sorry RHG will do now the RBA haven't put rates up !
Fat Cats are having cows now wondering how to screw us even more LOL !
Another rate rise will see Rams opppppssss..... again, RHG never se another loan in the country again ! |
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By: daybreak_0
28/01/2010
1:38 pm Yahoo! Profile:
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I dont know if this is in breach of TOS - I read it but could not see any rule prohibiting it.
I have a few clients in RHG, whom I am offering to refinance, and paying them the new commission I earn. I felt slack after selling it to them.
I make a similar offer here, with the proviso that it will depend on the loan size, and how long it takes to do the loan, especially as everyone is different. I wont guarantee anything, but hopefully the rate saving and commission return, will at least make it less expensive.
You can contact me here http://www.inspiredfinance.com.au
John |
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By: willyhistory71
26/01/2010
7:04 am |
Message deleted. Reason: Breach of terms of service |
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By: jellyfishdontpayrent
20/01/2010
12:05 pm Yahoo! Profile:
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| And, just for the record, while I don't like RHG any more than anyone else here, for some reason my rate is currently 7.18%, contrary to the 7.88% quoted in the below SMH article. Don't know what's going on there... |
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By: jellyfishdontpayrent
20/01/2010
11:18 am Yahoo! Profile:
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Willy,
When I called RHG a few weeks ago to find out my payout figure, they did not quote me any "extra" fees, as others have mentioned. They said I'd have to pay the termination fee, and the 1.5% fee (I think) for leaving prior to three years, and I think there was a legal fee of a couple hundred dollars. In November I will have reached the three year mark, and it sounds like I'll be able to get out without paying any exorbitant fees.
I'd suggest you give RHG a call, and ask what fees you face. If you do, please post a message updating us.
Justin |
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By: willyhistory71
14/01/2010
10:16 pm Yahoo! Profile:
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| Can anyone tell me what additional fees RHG tries to hit you with if you decide to leave. My contract said 3 years which is now up. I know about the $695 fee for leaving but have their added more fees? |
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By: rhgripoff
8/01/2010
8:43 pm Yahoo! Profile:
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RHG & Rams
I will soon be free of your controll !
Once free I will follow you and your Directors where ever you go.
I will post on every internet forum my experiences with RHG as long as my butt points to the ground.
Take notice now ! The hardship you have put us all through will never be forgotten. ANY endevour you embark on shall be meet with the truth!
Apologise now ! .............. reduce interest rates to the levels we were promised under RAMS and you may crawl away with some credibility.
Don't ? then do it at your own peril ........... |
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By: anne_currie2001
8/01/2010
1:15 pm |
Message deleted. Reason: Breach of terms of service |
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By: mickprice65
30/12/2009
2:58 am Yahoo! Profile:
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| you are all going to get dicked by Kinghorn, like I said he has crawled out from under a rock, the more people he dicks the better. |
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By: willyhistory71
28/12/2009
7:31 am Yahoo! Profile:
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last mssg was a copy and paste so there is bits in the text nor relevant to the topic.
Wonder what the impact is to us customers in the long run? |
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By: willyhistory71
28/12/2009
7:29 am Yahoo! Profile:
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Reprieve for RHG mortgage group in bank barney
Rebecca Urban From: The Australian December 28, 2009 12:00AM
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JOHN Kinghorn's beleaguered mortgage group RHG has been granted a temporary reprieve from a bank that threatened to wind up part of its operations.
Following the NSW Supreme Court's recent ruling that RHG had defaulted on a $324 million loan facility, the company has successfully applied for court orders preventing Germany's HypoVereinsbank from taking further action while it waits for an appeal early next year.
"The effect of the orders is to allow RHG to pursue the appeal without the threat of enforcement action and also to allow RHG to pursue any refinancing opportunities during the appeal process," the company said.
The ruling could have resulted in HVB and its fellow noteholders calling a meeting to decide whether to appoint a receiver to an underlying pool of RHG's mortgages.
The appeal is expected to be heard on February 4.
Start of sidebar. Skip to end of sidebar.
End of sidebar. Return to start of sidebar.
The court ruling was the latest blow to Mr Kinghorn's company, which was known as RAMS Home Loans before the credit crunch forced a firesale of the business to Westpac about two years ago.
RHG initiated the legal action after HVB advised that it had breached a covenant of the loan facility by permitting loans that were in arrears by more than 90 days to exceed agreed levels.
The Supreme Court judgment, handed down last Thursday, was in HVB's favour and highlighted significant defects in RHG's method of calculating its outstanding loans.
The consequences of the decision were potentially disastrous for RHG, which admitted that the default could trigger a follow-on default for its other loan facilities worth more than $2.5 billion -- about a third of the value of its total loan book.
RHG has been in talks with its various lenders since. It said on Thursday t ... |
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By: bjsophie
25/12/2009
9:45 pm Yahoo! Profile:
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Hi,
I have an R.H.G and have similar complaints to other customer
and wish to participate with you in this class action. Are you using Gordon Slater to proceed with this lawsuit? My name is Debra Jones and my phone number is 55 45 1643. Could you ring me and advise me of how I go about joining your class action.
Regards,
Dera Jones. |
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By: willyhistory71
25/12/2009
7:15 am Yahoo! Profile:
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| yes I checked and you are so right. They never sent a letter advising of this bigger increase. Got the October letter when it went to 6.24% and the December when it went to 6.88%. But NOTHING for the biggest increase. But is that not what we would expect? Pity the poor shareholders who is wathcing the share price go up and down and down and up and down down down. |
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By: annalisajames
24/12/2009
12:25 pm Yahoo! Profile:
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Interesting article - RHG out of 110 lenders has the highest variable rate as rated by Cannex:
http://www.smh.com.au/business/hefty-mortgage-rate -enrages-lenders-captive-customers-20091222-lbrv.h tml
Also, interesting response from RHG - doesn't contradict that they charge the highest interest rates out of 110 lenders...
http://www.asx.com.au/asxpdf/20091223/pdf/31mxmgcz 0z3gr3.pdf |
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By: vol800
23/12/2009
6:41 pm Yahoo! Profile:
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| Hi Willyhistory71, I'm sure you checked but just in case... my own mortgage with RHG has just gone to 6.88% as well..but when I did the math against the last rate rise, it actually rose by .39%, not .25% as for the RBA (although the wording of the letter could be quite misleading suggesting the same rise was applied). To be sure, just take a look at your statement for the last 3 mths and you will see each new interest rate applied. If yours did only go up by .25% then good on you, but I reckon you should check again.. |
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By: mickprice65
23/12/2009
1:23 pm Yahoo! Profile:
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| Two words that are always associated with RHG, default and court, well the lawyers have to have something to do. I really hope HVB sticks it to them, that will not be good for you who are still with RHG. Kinghorn is just a common crook who lives under a rock |
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By: willyhistory71
22/12/2009
5:55 am Yahoo! Profile:
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Court finds RHG in default on mortgage financing
STUART WASHINGTON
December 22, 2009
LISTED mortgage owner RHG is in default on $2.5 billion in financing for its mortgages, about a third of its business.
The threat was revealed yesterday after German bank HypoVereinsbank (HVB) successfully argued in the NSW Supreme Court that RHG had been in default on $324 million in financing it had provided.
The event of default on Series Unicredit 1 notes allows several unrelated financiers to claim a default on a further $2.5 billion in loans to RHG. RHG is the successor to RAMS Home Loans. A default can be a precursor to the financiers obtaining the underlying mortgages RHG owns and selling them off.
RHG warned that the default threatened $47 million in future income and put at risk $26.8 million in RHG's own cash.
The broader default is a review event allowed by the declaration of a default in the HVB notes, and not a reflection that there is any financial shortfall in payment of the loans. RHG said it had lodged an appeal against the judgment.
The potential impact is devastating for a company that has made a strong recovery from the depths of the financial crisis, climbing from a low of 13¢ at the start of the year to 64¢ before it went into a trading halt on Thursday.
RHG's shares traded as low as 46¢ yesterday, before recovering to close at 59¢.
Justice Robert McDougall ruled there had been an event of default in October and December last year, and January this year.
An event of default can occur if more than 1 per cent of the outstanding loan balance of a mortgage is overdue more than 90 days. |
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By: kerrisberrington
22/12/2009
2:12 am Yahoo! Profile:
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Does anyone know how to post links properly on this forum
They are getting jumbled up with copy and paste. |
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By: kerrisberrington
22/12/2009
2:11 am Yahoo! Profile:
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Resend on links
http://www.rhgl.com.au/default.asp?page=/rhg+home+ loans
/interest+rates+\+fee s
http://www.rams.com.au/default.asp?page=/home+loans/interest+rates+\+fee s
even the web links are almost identical
coming from the same server? |
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By: kerrisberrington
22/12/2009
1:52 am Yahoo! Profile:
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Very Good, with the latest increase dated Dec 11th mine has gone to 7.21% In my case the 3 increases have matched the RBA Rises, but only about half of the RBA decreases were ever passed on
Another interesting thing is that if you compare the RAMS and RHG Websites in their interest rate section-
http://www.rhgl.com.au/files/Fees%20and%20Interest %20Rates/20091211_RHG_CRS%20Variable.pdf
http://www.rams.com.au/files/pdf/Rates%20%26%20Fee s/RAMS%20CRS%20FR_%20Variable_11%20Dec%2009.pdf
Close examination of these files will show that RHG and RAMS announce their interest rate changes on the same day.
There is also a remarkable similarity in the language used in these documents. Cut and paste changes can be seen when refering to Westpac RHGL and Rams.
Rhg have always denied to me that there is any link between RHG and Westpac and Rams.
Anyone have any thoughts on this? |
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By: mickprice65
22/12/2009
12:59 am Yahoo! Profile:
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| Kinghorn is the lowest form of life (he actually sold his own mother for 50 cents) that has ever crawled the face of the earth. That is why there are so many lying lawyers prostituting themselves (special mentions to Karen Reid, Simone Baxter and Adrianna Care) |
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By: greg_thommo
21/12/2009
9:54 pm Yahoo! Profile:
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| My rate went up .39% to 7.25%, they are a pack of ba$tards, I have been with RAMS since 1998, thankfully I got my loan pretty well paid down < $50k so its not hurting as much. With some effort should be paid off within 12 months without having contributed to much extra to Kinghorns back pocket. |
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By: willyhistory71
21/12/2009
5:24 pm Yahoo! Profile:
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| RHG must have been reading my comments as same day I receive a letter of the increase. Surprised it only a 0.25% increase taking the rate to 6.88%. How does that compare to others. |
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