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First Plus PPI loan


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Hi

 

You have answered your own question.

 

The remainder of the two years will (or should) be treated as a restructure of the loan to remove the remaining PPI and associated intrest from the equation. Thus the loan will either be shortened of the repayments stay the same, or the term will stay the same but the repayments drop a little.

 

You've done your spreadie, all you need now is the fos questionnaire (available from the fos website) and a brief letter to the lender enclosing said questionnaire duly completed and a copy of the spresadie.

 

Then sit back and wait as they have 12 weeks to investigate and give a final decision.

 

Regards

 

ims

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