Barclays....sellling Firstplus ?

[Fred]

http://www.lse.co.uk/AllNews.asp?cod...ending_Arm__FT

[Fred]

Re: Barclays....sellling Firstplus ?

http://www.ft.com/cms/s/0/e6761e0a-f...#axzz3ZHX9NfJl


notice the risk weighted assets have decreased .............but the costs of the loans are the same or more in a lot of consumer cases.

Second charge lending guidance states that rates " should only be increased on a loan to recover genuine increases in costs which have an effect on the loan"

[jon swindle]

Re: Barclays....sellling Firstplus ?

When I took out my loan, the website stated " from time to time your monthly payments may go up or down in accordance with the Bank of Egland base rates" Clearly this has not been the case!


http://web.archive.org/web/200608121....aspx#variable

[nemesis45]

Re: Barclays....sellling Firstplus ?

Hi,

The Key Word is May!! there is no mention of will " go up or down".
nem.

[jon swindle]

Re: Barclays....sellling Firstplus ?

Clearly then this is a) not explained clearly to the user thus representing mis selling but b) they have told me they do not use the Boe rate at all!

[jon swindle]

Re: Barclays....sellling Firstplus ?

I wouldnt think a company in their right mind would want to buy this company due to the impending crap thats coming there way!

[Fred]

Re: Barclays....sellling Firstplus ?

http://www.ombudsman-decisions.org.u...x?FileID=69192

First.......one from the FOS that I know of in favour of consumer !