Consumer Credit Act Notices
WARNING:
Keeping up your payments
YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER LOAN SECURED ON IT.
Rate changes
If your mortgage loan is at any time at a variable rate, please note: THE PAYMENT RATES ON THIS HOUSING LOAN MAY BE ADJUSTED BY THE LENDER FROM TIME TO TIME.
Endowment loans
If you choose an endowment loan, and the insurer does not guarantee that the proceeds of the policy will be enough to repay the loan when due, please note:
Insurance policy
THERE IS NO GUARANTEE THAT THE PROCEEDS OF THE INSURANCE POLICY WILLL BE SUFFICIENT TO REPAY THE LOAN IN FULL WHEN IT BECOMES DUE FOR REPAYMENT.
You should also note that in the case of endowment loans, early surrender of the policy may mean that you get back less than you have paid in premia and other charges.
Debt Consolidation.
If you consolidate short term debt into longer term remortgages you will pay significantly more in interest