No it doesn't
It just lists as previously stated in Key Financial Information
A. amount of credit to be released to you £20,000
B. amount of credit fro PPI £0.00
C. Total amount of credit (A+B) = £20,000
D. Duration of agreement 180 mths
Other Financial Information
H. Cash price of PPI £0.00
I. Total Charge of credit consisting of
Broker fee £2,500 mis typed it earlier as £2000
Application Assessment & Completion Costs £250.00
Actually the total amount payable is £51,139.80 but it doesn't state the total amount payable anywhere.
Ok. Scured debt can be permitted by the mortgage provider even though the the conditions in the contract are not entirely clear. It doesnt state the total amount payable it states the credit amount and the cost of credit to be payed but not as a total. Could it be argued that once the total charge of credit, brokers fees and completion costs are paid then no further payments are required because the contract does not stipulate this anywhere. This would be the loan paid back as we clearly had the intention to borrow and the comapny gets its interest, broker fees.
As for the contract being signed on different dates by us and the broker this did not matter I take it?