GhIFA wrote: »
Just out of interest, at the time you entered into the agreement, what protection did you think you had on this part of the loan?
joeb78 wrote: »
I'm another one in the same boat! My wife and I took out a Together Mortgage in 2007, with an unsecured part of £30,000 and the statement of "Fixed-sum loan agreement regulated by the Consumer Credit Act 1974".
I have just emailed NRAM and will see what they say!
I'm sure I read somewhere yesterday that changes from fixed to standard variable rate (or similar) post 2008 on an existing loan may then automatically make it become regulated under the 2008 changes. Does anyone have any thoughts on this? (Ours was a stepped fix rate that changed rate in 2008 and 2009 and then reverted to standard variable in 2010).
Chrisb80 wrote: »
I'm the same. Mine was a 5 year fixed from 2005 to 2010 when it reverted to the SVR. Where did you read this?
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