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View Full Version : Max redemption capped mentioned on 'Tonight with Trevor McDonald'


Chris Wilkins
July 23rd 03, 02:41 AM
On a recent 'Tonight with Trevor McDonald' something was mentioned
about a maximum cap on redemption charges of a certain amount.

Could somebody remained what this was please.

Chris...

Arfie
July 23rd 03, 01:22 PM
NC wrote:
> IIRC it was 10% of the debt outstanding
> The law was introduced by the OFT in about 2000 - a bit of googling
> may help.
>

Close, it's 9%.

Arfie

NC
July 23rd 03, 01:31 PM
arrghhhh... bugger !

"Arfie" > wrote in message
...
>
>
> NC wrote:
> > IIRC it was 10% of the debt outstanding
> > The law was introduced by the OFT in about 2000 - a bit of googling
> > may help.
> >
>
> Close, it's 9%.
>
> Arfie
>
>