sam666 wrote:Hi wonder if you can help me I was unable to release from my property on the 5th year so I will continue for the 6th year but I am confused by this sentence on my paper work 12 additional monthly contribution with the aggregate sum paid to the supervisor being limited to 85% of my interest in the property? Will my payments go up ?
The 12 monthly payments are at the normal rate. The caveat they give is to limit the total of those payments to 85% of your interest. So, say that the interest is £6000, 85% of this is £5100. So the payments cannot exceed 5100 divided by 12 --- £425
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