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Help required... huge charges
Hi. I was looking for some advice.
My elderly uncle has just informed me that he took a loan out years ago for 20k for some personal matters. The terms on the Loan were payment only on death or house sale. He tried many times to pay the Loan off although neither had happened.
He has Just managed to move and was charged over £100k to repay this debt.
Can someone tell me if this is classed as mis selling? When this was take out he had no clear guidance or help and could have paid back many years ago,
Thank you for your help x
My elderly uncle has just informed me that he took a loan out years ago for 20k for some personal matters. The terms on the Loan were payment only on death or house sale. He tried many times to pay the Loan off although neither had happened.
He has Just managed to move and was charged over £100k to repay this debt.
Can someone tell me if this is classed as mis selling? When this was take out he had no clear guidance or help and could have paid back many years ago,
Thank you for your help x
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