Hi

Good site and keep up the great work. When I applied for the loan I already had a loan from another Barclays company Barclaycard loan I think for £50k - needing extra for renovations etc I went to First Plus to seek another £50K - (total Loan £100k - ending the Barclaycard Loan) - In a final call from First Plus before funds were issued I asked them on the phone "is the interest rate and terms exactly as per my Barclaycard loan" ie fixed rate "yes" the man said so I proceeded happy in the kn… Continue

Hi joined this as stunned to receive correspondance saying interest rate going up 1%- not drastically affecting my life so far but I am concerned seeing other posts that this is the start and there are more to come, but mainly I am annoyed that there is real injustice going on and that a variable rate should indeed vary downwards as well ! I hate that these people think that to prudently manage their business they can act as they want.

Raise your glasses peeps - the gouge meisters Barclays have done the seemingly improbable in a dreadful market - creamed off £3 billion in profits in just six months.

At least you know you are conributing to those profits with your massively inflated interest rates on the Firstplus from Barclays second mortgage that now hangs round your kneck like a dead weight.

Still, look on the bright side, the Barclays board will be happy chappies..... no need for usury loans for them, oh no. Just bilk and… Continue

I recently recieved a reply from First Plus in response to a complaint I had made via telephone to their offices to complain about the inflexible 'variable' interest rates. I complained that they would no doubt vary the rates up immediatley if the BoE inrcreased their rates, but would Never vary them down in favour of the lower rates from BoE. The content of the letter takes me for a fool, explaining in idiot English of the conditions of my loan. Needless to say I will be contacting the Ombudsma… Continue

For those of you who missed Firstplus terms and conditions being branded unfair and therefore unenforceable click here to listen to that segment of the show.

After listening to the programme please write to the OFT and demand they curb Barclays excessive interest rates and rule as to whether the terms and conditions for a Firstplus second charge mortgage are indeed completely biased in the bank's fav… Continue