Hi all
It,s been a very long time since I have been on here but I would appreciate some advice .
In 2006 i took a loan with BF for £13,500, they added another 1k for broker payments were for 96month. Variable interest 18.4%APR but statements show 15.4% each month.The original payments went up after a few months and have stayed the same ever since.
We are in process of selling and today I received copy of the redemption figure.
There are only 20mths left on loan
outstanding credit is just over 5k
they have only given a rebate of just over £600 despite the agreement stating:
the amount payable per £100 AFTER 72mths is £49.19
they have added just over £1300 in fees and charges and just over £1700 in additional interest
the final figure comes to just over 8k
This must be wrong surely. I have asked the solicitor to query it but don't think they will do much.
All opinions appreciated.