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Loan
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spendingtoomuch
Posts: 4 Newbie
in Loans
Hi
Just a quick question. My wife has a loan with Barlcays which has the following payments left on it:
63 months @ £235.59 = £14861.07. This includes PPI rate 7.765%.
The amount left is £10,600.
The only way to cancel the PPI is to redo the loan...
I have read on this website where Martin advises to check that in the end savings are to be made.
I have spoken with barlcays and could take out a new loan for £11000 over 60 months rate 6.3%. Total payable is £13084.00. New monthly payment is £218.08. We are going to take out a separate policy with Antinsurance
This is saving £1777.00 over the lenght of the loan. When I spoke to Barlcays over the phone they said that a courier would come out wait till we have signed and agreed the forms. Then when the monies will go in and pay my wifes loan.
Has ayone else had a courier to come out???
Just a quick question. My wife has a loan with Barlcays which has the following payments left on it:
63 months @ £235.59 = £14861.07. This includes PPI rate 7.765%.
The amount left is £10,600.
The only way to cancel the PPI is to redo the loan...
I have read on this website where Martin advises to check that in the end savings are to be made.
I have spoken with barlcays and could take out a new loan for £11000 over 60 months rate 6.3%. Total payable is £13084.00. New monthly payment is £218.08. We are going to take out a separate policy with Antinsurance
This is saving £1777.00 over the lenght of the loan. When I spoke to Barlcays over the phone they said that a courier would come out wait till we have signed and agreed the forms. Then when the monies will go in and pay my wifes loan.
Has ayone else had a courier to come out???
0
Comments
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THE FINANCIAL SERVICES AUTHORITY HAS CONFIRMED THAT ppi WHERE A SINGLE PREMIUM HAS BEEN PAID AND ADDED TO THE LOAN YOU ARE NOW ELIGIBLE FOR A REFUND
THE LUMP SUMS CAN BE LARGE AND ONCE IN PLACE YOIU COULD NOT CANCEL THEM yOU ALSO HAVE TO PAY INTERSWT ON THEMI am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice0 -
THE FINANCIAL SERVICES AUTHORITY HAS CONFIRMED THAT ppi WHERE A SINGLE PREMIUM HAS BEEN PAID AND ADDED TO THE LOAN YOU ARE NOW ELIGIBLE FOR A REFUND
THE LUMP SUMS CAN BE LARGE AND ONCE IN PLACE YOU COULD NOT CANCEL THEM yOU ALSO HAVE TO PAY INTEREST ON THEMI am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice0
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