Paying off Part of my Loan

Sorry to add to this the current APR is 5.9% which they said I would be unlikely to get with refinancing

Cheers

Chris wrote:

What about set up charges, redemption charges etc?

At 13:01:15 on 31/07/2006, Chris delighted uk.finance by announcing:

Ignoring any charges, it's not worth doing this unless you get the same APR or lower; charges will further reduce the APR you need to get. Otherwise, you're better off leaving the £3k in savings; if you need the extra £100 then withdraw that much out of the savings account every month. If you don't need the extra £100 then stick the whole lot in an ISA (assuming you haven't exhausted this option this year).

thanks Alex thats exactly what a friend just said to me, seems the best option I don't want to give the bank anymore of my hard earned!

Cheers

Alex wrote:

You ask on here but you won't ask Lloyds?

well I have allready asked Lloyds and they have said I will need to refinance, I have come on here for advice from people not trying to sell me anything and I have the answer I needed.

thanks for the help

Chris Peter Saxt>

You ask what the charges will be and Lloyds are the ones to tell you that.