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loan taken out with mortgage

We took a 20,000 loan to add to our mortgage in 2003 just noticed a large sum was added at the to time of £5980 which was 23% of the money. It says the total amount you must pay for this further advance. What is this figure as we paid interest each year

Comments

  • beecher2
    beecher2 Posts: 3,677 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    No-one here can tell you for sure - dig out the paperwork and find out.
  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    We took a 20,000 loan to add to our mortgage in 2003 just noticed a large sum was added at the to time of £5980 which was 23% of the money. It says the total amount you must pay for this further advance. What is this figure as we paid interest each year

    What did your mortgage company say when you asked them?
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