Hi everyone I am new to the forum and I was hoping someone would be able to advise me on the second mortgages with First Plus. I haven't seen anything datied recent and would like to know what is happening concerning the below:
* Could the interest rates charged by Firstplus Barclays be potentially looked at as a misselling of a mortgage?
* What about the reducing interest rates and when Bank of England rates went down the First Plus interest rates went up?
* APR calculations based on a monthly basis rather than on an annual basis which has been 12 x times the cost of a normal loan
* Guaranteeing the total loan could be cleared in five years and our reason for buying the loan in the first place
Thanks
* Could the interest rates charged by Firstplus Barclays be potentially looked at as a misselling of a mortgage?
* What about the reducing interest rates and when Bank of England rates went down the First Plus interest rates went up?
* APR calculations based on a monthly basis rather than on an annual basis which has been 12 x times the cost of a normal loan
* Guaranteeing the total loan could be cleared in five years and our reason for buying the loan in the first place
Thanks
First Plus and mis-selling of mortgage
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