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andieje

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early loan resettlement formula

Hello

Please could you point me in the direction of a formula for calculating early loan resettlemen in the uk. I can see there are regulations from 2004 but I can't find a formula. I have read of an actuarial method if that helps

Thanks
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Don Thomson
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Here is one for Mortgages http://www.moneysavingexpert.com/mortgages/mortgage-overpayment-calculator

Here is an "Any Loan" calculator  http://www.financecalcs.co.uk/Calcs/Settlement.php

If you need the raw formulas try here http://www.excelworks.co.uk/default.aspx?page=30100

Download the Excel Spreadsheets - the formulas should be easy to figure out
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andieje

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Hi. I need the formula not the calculator.  I should have said it is for fixed rate loan so the mortgage spreadsheet doesn't apply. Thanks
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Ken Butters
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