Hi,

I have a secured loan with Nemo Personal Finance for £35K over 10yrs.

The loan is 23mths old and I had asked for a settlement figure in Oct 2008 which they said was £42K(!).

I asked for another settlement figure today as I am looking to sell my home and I need to know if I will have enough equity to pay my existing mortgage and the Nemo 2nd charge.

I was told the figure is still £42K!! Does this sound right?

Also, I ask for a revised figure if I were to remove the PPI. This apparently would only reduce the figure by £500.

The PPI is part of the loan and will cost me around £6K over the term according to them.

Anyone have any thoughts on this? Can I dispute the PPI part of the loan?

Thanks in advance.

Andy.