BLRI and early repayment

-taff

When you get one loan and refinance it by paying the last few months of it say, with a new loan, you don't get a rebate of all the PPI and the interest on the PPI paid off completely, a part of it is carried on to the next loan.

amersall

sarah-jane2 wrote: »

I'm struggling to understand that Amersall...can you explain again, but as if you are dealing with a complete idiot?

1) I'm lost

2) Are you saying that although I got a BLPI refund, the loan settlement figure would have been less a disproportionately large amount of BLRI?

3) If I've got 2) right, I get this.

Thank you.

You have 2 right although maybe not huge amount as you paid the loan for 3 years, but it is still yours.
If you win mis sell you will get the whole PPI back and the interest on that, they then take back the rebate they gave you on settlement.