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Are they allowed to change our agreement?


kibris
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Hi

 

Can anyone help. Barclays FirstPlus have just told us (August 2011) that they have changed the way they apply our payments to our outstanding balance and have been doing so since 2007. We have had the second charge mortgage since 2003. They state that they did this this because of late payments. They are taking the amount we pay each month off the balance and accruing the interest separately. Are they allowed to do this without discussion/notification/agreement from us ?

 

Thanks

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They certainly should have advised you of what they were doing.

 

Do you have a copy of the terms and conditions that were present when you signed the agreement ?

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Its ok if you dont most of us dont.

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