Familyman77
Registered User
- Messages
- 157
Hi there. I'm in the cohort and have 186k left to pay with 17 years left. I pay €1157 inc insurance per month. Am I right in saying the redress will reduce the balance by the 12% ( say 30k as I'd have owed approx 260k at the time ) , that my term will remain the same and that my monthly repayments will reduce. I'm on a standard variable but would rather reduce the term by paying the same monthly amount