secuerd loan

[kommie]

10 months ago my wife and i got a 50000 pound secuerd loan on our house.However we are going to pay the loan off early and contacted the loan provider for a settelment figure the came back back with a figure of 67000pound.I cotacted the loan provider and they said it was due to insurance that the figure was so high.The loan period was 20 years and since i am paying the loan off after 10 months i feel i am getting a bum deal.Has anybody got any advice on how to get my settelment figure lowered

[dannydingbat]

Small print - marvellous innit? Unlikely that the agreement you signed is defective, they count on your not reading it to make their money to pay for all the smiling people on their TV ads.

[buildersmate]

Have you read the small print of the loan? Suggest you look for terms related to early redeption, or take it to the CAB for help. Agree this sounds a hideously high rate of interest.

[jennyp]

I am sure I have seen someone with the same sort of problems on http:www.consumeractiongroup.co.uk If you ask on there someone will remember which thread it was.

[jennyp]

Sorry link should have been http://www.consumeractiongroup.co.uk