Early Redemption Charges

2»

Comments

  • klizw
    klizw Posts: 47 Forumite
    The cost of the redemption penalty is more than the interest payments for the next year so basically what you are saying is that if I continue with my payments until I can redeem without penalty the bank will have lost money? I very much doubt it!

    I am not confusing the charges at all, I just don't believe it cost them £10,000 to obtain the money, if they cannot prove it to me, since they will be getting less than that if I don't sell!
  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    They don't have to prove it to you.
    If you didn't like it you shouldn't have chosen this product.
    Basically - tough.
This discussion has been closed.
Meet your Ambassadors

Categories

  • All Categories
  • 343K Banking & Borrowing
  • 250.1K Reduce Debt & Boost Income
  • 449.6K Spending & Discounts
  • 235.1K Work, Benefits & Business
  • 607.8K Mortgages, Homes & Bills
  • 173K Life & Family
  • 247.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards