PPR and Rental cross secured on single loan

P

PiedPiper

Guest

• 16 Aug 2011

• #1

Hi

So my PPR is cross secured with a buy to let does the code of conduct still apply?

 

Last edited by a moderator: 16 Aug 2011

H

hastalavista

Registered User

Messages

449

• 16 Aug 2011

• #2

No
"This Code came into effect on 1 January 2011 and relates to the mortgage payments on your sole or main property."

 

E

elcato

Moderator

Messages

4,320

• 16 Aug 2011

• #3

Hi PeidPiper - Can you make sure your title is a bit less vague.

 

P

PiedPiper

Guest

• 16 Aug 2011

• #4

PP Cross secured

My PPR and buy to let are on a single loan cross secured, I know this was a stupid set up but suggested by account manager at time. Bank is now trying to say that code does not apply.

 

B

Bronte

Registered User

Messages

15,203

• 26 Aug 2011

• #5

Do you have one or 2 loans?

 

P

PiedPiper

Guest

• 26 Aug 2011

• #6

thanks

Hi

Its on a single loan, it was supposed to be short term and my account manager at the time suggested it!!