Can anyone help with ppi mortgage calc ?

bonn1e_2

Hi, I have claimed against GE Money for my ppi and have been told it has been checked out and decided in my favour but because of the amount it has to now be authorised by someone higher and they will be in touch. I dont really have any idea of how much to expect can anyone help ??

dunstonh

A refund of the premium paid plus 8%.

bonn1e_2

I only kept the mortgage for 3 years ( not the original 15 years term ) and then paid it off in full so am i right in presuming i will get 3 years of payments back plus 8%.

bonn1e_2

Can anyone enlighten me on the above q pls :beer:

Niggly_2

bonn1e wrote: »

I only kept the mortgage for 3 years ( not the original 15 years term ) and then paid it off in full so am i right in presuming i will get 3 years of payments back plus 8%.

Yes 36 payments plus 8% interest from the time of the first payment up until the day they settle.

so £x X 8%/12 x 36 months, plus £x X 8%/12 x 35 months etc.