Forty people who contracted a mortgage in Swiss francs, claiming to have been misinformed about the risks, complained Thursday against BNP Paribas 'unfair business practice and misleading', AFP reported, Friday, March 2, citing their lawyer .
The forty-four complaints 'are currently under review' by the prosecutor in Nanterre, already seized fifty-seven similar complaints originally filed with the court of Paris before being grouped in Nanterre, a judicial source said, confirming a report Liberation.
URS 4000 SOUSCRIPTE
Central to these complaints, the mortgage Helvet Realty, designed by BNP Paribas Personal Finance, placed on the market from March 2008 to December 2009 to finance, for the vast majority of four thousand subscribers, the acquisition of housing for lease as part of the fiscal or Scellier Robien.
This loan is made complex in Swiss francs by the bank, but repayable in euros. The amount of outstanding capital depends on the evolution of the Swiss franc against the euro. But with the rise of the Swiss franc, the cost of variable rate loan is gone, said plaintiffs' counsel, Charles Constantine Vallet.
BNP Paribas addition, fifty banking intermediaries (real estate, wealth management advisors, etc..) Who marketed this product, are affected by the complainants.
AN OFFER 'INCOMPREHENSIBLE for a novice'
For me Vallet Constantine, 'the loan offer was incomprehensible to a newcomer especially as it contained elements of contradictory information. Never in platelets, it is clearly mentioned that this is a speculative loan '.
'The plaintiffs have relied to a large majority of the expertise of intermediaries who put (...) Read more on lemonde.fr
The forty-four complaints 'are currently under review' by the prosecutor in Nanterre, already seized fifty-seven similar complaints originally filed with the court of Paris before being grouped in Nanterre, a judicial source said, confirming a report Liberation.
URS 4000 SOUSCRIPTE
Central to these complaints, the mortgage Helvet Realty, designed by BNP Paribas Personal Finance, placed on the market from March 2008 to December 2009 to finance, for the vast majority of four thousand subscribers, the acquisition of housing for lease as part of the fiscal or Scellier Robien.
This loan is made complex in Swiss francs by the bank, but repayable in euros. The amount of outstanding capital depends on the evolution of the Swiss franc against the euro. But with the rise of the Swiss franc, the cost of variable rate loan is gone, said plaintiffs' counsel, Charles Constantine Vallet.
BNP Paribas addition, fifty banking intermediaries (real estate, wealth management advisors, etc..) Who marketed this product, are affected by the complainants.
AN OFFER 'INCOMPREHENSIBLE for a novice'
For me Vallet Constantine, 'the loan offer was incomprehensible to a newcomer especially as it contained elements of contradictory information. Never in platelets, it is clearly mentioned that this is a speculative loan '.
'The plaintiffs have relied to a large majority of the expertise of intermediaries who put (...) Read more on lemonde.fr
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