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Mortgage or a CCA Regulated Loan - which one?
Sprightlyone
Posts: 18 Forumite
I took out a mortgage in 1989 for £180,000 with a High St bank.same day I was granted a further advance of £10,000 for ' home improvements' all documented separately from the mortgage. Should this have been a CCA regulated loan rather than being dumped (consolidated) into the mortgage? If so, can I ask for it back as it has not been executed correctly?
Before anyone thinks I'm just trying to get out of something, just imagine this was going to repossession and I wanted to put up a defence to what the bank was asking for.
My overall question is much deeper than the question being asked, I just need to know how a further advance on the same day should be documented and regulated, CCA or Mortgage.
Thanks
Before anyone thinks I'm just trying to get out of something, just imagine this was going to repossession and I wanted to put up a defence to what the bank was asking for.
My overall question is much deeper than the question being asked, I just need to know how a further advance on the same day should be documented and regulated, CCA or Mortgage.
Thanks
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