I TOOK OUT A LOAN WITH PPI.OVER A 72 MONTH PERIOD.IT STARTED IN FEBRUARY

2006.(WITH NORTHERN ROCK)

MY CREDIT AGREEMENT STATES THAT 23.20 OF MY MONTHLY PREMIUM IS FOR

P.P.I.+ INCLUDING INTEREST ON P.P.I.

I DECIDED TWO MONTHS AGO TO CANCEL MY P.P.I.AS I LOOKED AT SOME OF

THE TERMS AND CONDITIONS ,INCLUSIONS AND EXCLUSIONS AND FOUND THAT IT WAS NOT BENEFICIAL.

I WAS TOLD THAT I WOULD RECIEVE A NEW LOAN ACCOUNT NUMBER FOR THE BALANCE OWING EXCLUDING P.P.I.AND I FIND THAT THE MONTHLY PREMIUM WITHOUT

P.P.I.IS EXACTLY THE SAME AS WITH P.P.I.AND THE AMOUNT OWING IS THE SAME.

WHEN I QUERIED THIS I WAS TOLD THAT THE P.P.I.AND INTEREST IS FRONT LOADED

AND REDUCES DURING THE TERM OF THE LOAN,HOWEVER AS I HAVE STATED THT TERMS AND CONDITION OF THE LOAN ON THE CREDIT AGREEMENT STATE THAT

23.20 OF THE MONTHLY PREMIUM IS WHAT IS BEING DEDUCTED AND SAYS NOTHING ABOUT FRONT LOADING AND DECREASING THE P.P.I.PREMIUM.

THE TOTAL AMOUNT WHICH THEY HAVE CALCULATED THAT I PAID VIA FRONT LOADING

IS 600 POUNDS MORE THAN WHAT I ASSUMED WOULD BE THE AMOUNT WHILE P.P.I.WAS BEING PAID AT 23.20 PER PREMIUM.

CAN YOU ADVISE ME IF THE FRONT LOADING IS CORRECT OR THE AMOUNT ON

MY CREDIT AGREMENT AND WOULD IT BE ADVISABLE TO CONTINUE WITH THE CURENT LOAN,WITH THE P.P.I. OR THE NEW LOAN WITHOUT P.P.I.BUT WITH THE

PREMIUMS REMAINING THE SAME

THANKS