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Unsure if to complain about loan

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Comments

  • Barny1979
    Barny1979 Posts: 7,921 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    woody747 wrote: »
    I just don’t like the idea there is someone out there trusted to give advice and flaunting the rules

    Shame your moral compass wasn't working when you agreed to say it was for the purchase of a car.
  • MEM62
    MEM62 Posts: 5,383 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Barny1979 wrote: »
    Shame your moral compass wasn't working when you agreed to say it was for the purchase of a car.

    A point that the OP has already accepted.
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    phillw wrote: »
    I'm more interested in where you can get a house abroad for £10k and how someone buying a house abroad for £10k would have trouble with the monthly payments.

    Romania, Bulgaria would be my guess. or a spanish caravan park!
  • WhySoSerious_2
    WhySoSerious_2 Posts: 1 Newbie
    I would disagree with some of the opinions above.

    Whilst it is true, you can't get a loan for a property, you did make it clear to the banking adviser what you wanted the loan for. They should have simply not given any form of finance to you as it was clear what you wanted the loan for. Two wrongs don't make a right....KYC, rings true here and they are the ones who should know what you can and can't do. I would personally follow this up but each to their own.
  • Bermonia
    Bermonia Posts: 977 Forumite
    500 Posts
    Seriously... if a complaint was made then the loan would deemed as being obtained under false pretences, this would possibly result in the loan being called in immediately and a CIFAS warning being made against the OP to warn future potential lenders.

    To even have a hope of these things not happening OP would need some solid evidence that he were told to change the purpose of the loan such as a call recording or official paperwork - if by some small miracle there were then what would the OP expect lender to do, they borrowed the money willing and at best acted complicity.
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