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Valuing Your Future
Ian McKeever & Co Consulting Actuaries
Market Views
Markets
Markets
Why should the government have to rescue banks?
The banking Crisis
The banking Crisis
Economic Views
The Economic Outlook
The Economic Outlook
Professional
Services
Services
Issued by Ian McKeever & Co. Authorised and regulated by the Financial Services Authority in the conduct of investment business
What Government Borrowing means for you
What it means
What it means
Loans
Actuarial advice may be needed on loans in two circumstances
1) Where there is a dispute about an existing personal loan and whether the APR has been quoted correctly.
2) Where there are penalties on early repayment of fixed rate loan. It is common with a fixed rate loan for there to be a penalty on early repayment if interest rates fall. This is frequently linked to the price of a gilt stock with a view to enabling the lender to achieve the same return by investing the repayment in the appropriate gilt. However if repayment is part way through the loan period, the early repayment terms may be unfair and there may be scope to negotiate substantial improvements in the terms if the original terms were unfair.
1) Where there is a dispute about an existing personal loan and whether the APR has been quoted correctly.
2) Where there are penalties on early repayment of fixed rate loan. It is common with a fixed rate loan for there to be a penalty on early repayment if interest rates fall. This is frequently linked to the price of a gilt stock with a view to enabling the lender to achieve the same return by investing the repayment in the appropriate gilt. However if repayment is part way through the loan period, the early repayment terms may be unfair and there may be scope to negotiate substantial improvements in the terms if the original terms were unfair.
Actuary, Actuarial, Actuaries, Loans, Loan Repayment
Dartford, Kent, Financial advisor, STEP, Trust, Trusts
Dartford, Kent, Financial advisor, STEP, Trust, Trusts