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Hi, so I have had a letter from CF it says about my equity LTV etc then states
" if a remortgage which includes secured lending is possible ....." They are going to introduce me to just lending ( scotland) ltd who will advise me about secured lending" can someone please advise me about how I reply in the correct way that my agreement did not include secured lending?
I lnow someone on here has been seccesful in arguing their case its just I have just been signed off sick with stress and i feel like the walls are closing in
It says any queries to contact customers services but we all know how little they know about out T& C's
Do I wait to be contacted by this firm or kick up a fuss now?

Just tell them that your agreement mentions nothing about a secured loan and you are not going to go down that route. They cannot make you.

I agree with Kallis. If this company contacts you advise them that you are not subject to secured loans and it is remortgage or extension. The only issue is if you do qualify for a remortgage in which case a secured loan may be cheaper.

If you do have to go the secured loan route get a second opinion from someone like Shaun Vickery of Select and do not just use the firm you were referred to by CF.

Hi, I received the same letter from CF early this year. I've copied and pasted a link to my post about it below, but basically they can't force you into a secured loan and give them a call and you should be ok.

http://www.iva.co.uk/forum/topic.asp?TOPIC_ID=75862

I agree with the above -- secured lending is not the same thing as a remortgage.

I would also agree with Michael's comments regarding having a word with Shaun. I know, from previous posts on here from others, that he will not recommend secured lending, or remortgaging, if it is not within the terms of the arrangement and not in the interests of the client.

Hi thanks all, i was looking at the previous post limk and i have replied on it and very calmly! i think being so anxious at the moment has sent me into a spin, i need to calm down

Just double check your original proposal from CF as my proposal says remortgage and secured lending at the end of year 5

Most IVA's these days will mention secured loan. Older ones just mention remortgage or extension for 12 months if there is equity.

2014 Protocol introduced the secured loan option. Not all firms use the Protocol, and, of those that do, not all use the later Protocols, and, of course, amendments can also be introduced by creditors, so the answer still lies in the individual's paperwork.

I was PJG at the start and there is definately no mention of a secured loan, I have screenshots of Mel stating this and legal opinion too, the point is CF send out these standard lettets either by mistake or chancing their luck, which cause untold worry and stress in a week where It is the last thing I need. It is unnecessary and irritating.

Same as you mate. Ex PJG at a similar distance into IVA and no mention of secured load at the equity release stage.

The problem with CF and others that are buying up other firms books is that they are dealing with arrangements with vastly differing conditions, but don't have, or take, the time to read them before sending out correspondence, which is probably designed to accord with terms of IVAs they have drafted themselves.

ALWAYS check with your own, individual, paperwork and do not be afraid to challenge if need be.