Secured Loan (Picture) Paying out.

scar1_2

Hi,

Think others have been in the same boat here but before I settle with these guys just want to make sure they are not pulling a fast one.

27 months ago I took out a secured loan on my house £31,000 (to cover an existing loan and to free some cash for Scottish "Offers Over" system.)

When taking the loan all was fine and im sure I refused Payment Protection. Anyway when I called them to get a settlement figure due to early settle I would incur a fee which brings the outstanding balance to approx. £32,000 which is obviously more than what I borrowed.

This is probably in my loan agreement, however before I give them yet more money has anyone else been in the situation? As in total including repayments I will be paying them back approx £40,000

Any advice is appreciated!

Thanks
Steve