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firstplus
level42_2
Posts: 11 Forumite
recently i received documents from firstplus in reply to my subject access request.This is to persue a ppi reclaim. however, when sifting through the documents i noticed a letter from my mortgage provider,( abbey) telling firstplus that they couldnt put a second charge on our property because of the type of mortgage we held. I have since dug out a letter to us from abbey stating the same thing.
The personal loan from firstplus is for £35000 plus £8500 ppi (£43500 total) and was borrowed over 15 years in 2004.
Because firstplus just went ahead with the loan knowing they couldnt get a charge on our property, does this mean,
1 the loan isnt secured against our home.
2 the loan is infact illegal and void
I dont know what steps i should take now......
The personal loan from firstplus is for £35000 plus £8500 ppi (£43500 total) and was borrowed over 15 years in 2004.
Because firstplus just went ahead with the loan knowing they couldnt get a charge on our property, does this mean,
1 the loan isnt secured against our home.
2 the loan is infact illegal and void
I dont know what steps i should take now......
0
Comments
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recently i received documents from firstplus in reply to my subject access request.This is to persue a ppi reclaim. however, when sifting through the documents i noticed a letter from my mortgage provider,( abbey) telling firstplus that they couldnt put a second charge on our property because of the type of mortgage we held. I have since dug out a letter to us from abbey stating the same thing.
The personal loan from firstplus is for £35000 plus £8500 ppi (£43500 total) and was borrowed over 15 years in 2004.
Because firstplus just went ahead with the loan knowing they couldnt get a charge on our property, does this mean,
1 the loan isnt secured against our home.
2 the loan is infact illegal and void
I dont know what steps i should take now......
Hi and welcome.
I think this one here would be for Dunstonh who will I'm sure give you some advice and info on what direction you should take with this one, good luck and Dunstonh is sure to be here sometime later today.The one and only "Dizzy Di"
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Hi, maybe better asked on the loans forum or even mortgages.recently i received documents from firstplus in reply to my subject access request.This is to persue a ppi reclaim. however, when sifting through the documents i noticed a letter from my mortgage provider,( abbey) telling firstplus that they couldnt put a second charge on our property because of the type of mortgage we held. I have since dug out a letter to us from abbey stating the same thing.
The personal loan from firstplus is for £35000 plus £8500 ppi (£43500 total) and was borrowed over 15 years in 2004.
Because firstplus just went ahead with the loan knowing they couldnt get a charge on our property, does this mean,
1 the loan isnt secured against our home.
2 the loan is infact illegal and void
I dont know what steps i should take now......0 -
i agree will do that now0
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