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Loan agreement

Good Evening,

I have a personal loan with Alliance and Leicester. It was taken out just before recession and before the takeover by Santander. As Santander have now bought Alliance and Leicester, surely i have to sign a new loan agreement with Santander or can it simply be transferred?

Thankyou

Comments

  • It can be transferred
  • molerat
    molerat Posts: 36,662
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Forumite
    The debt can be passed on to their heirs and successors. It is in the small print that you read and signed :rolleyes:

    Never associate with idiots on their own level, because, being an intelligent man, you'll try to deal with them on their level - and on their level they'll beat you every time.

    Being hated by idiots is the price you pay for not being one of them.

    Jean Cocteau 1889-1963

  • I take it that you are now having difficulties making the repayments?
    If so pop over to the debt free wanabe board.
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