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Probably did ,as once the interest rate was raised ,and two flats were empty and for sale ,the payments could not be met,thanks
Why was the interest rate raised? Did their terms allow them to do this? Before the interest rate was raised had you breached the terms of the loan at all please?
The Loan had expired ,they wanted the loan repaid ,which was impossible ,so they had me sign a new loan agreement with higher interest ,
I would have mortgaged them to pay off the loan ,but the credit crunch had adversely affected my credit rating
Have you made a formal complaint to the bank or Ombudsman yet?