Bought a MH on finance? Read this...

We always go to the bank as the rates are better.
 
Liz does all the finance. She likes a good deal, so she will research stuff for days before making a move. God knows why she picked me.
 
We always go to the bank as the rates are better.
Not necessarily, Kev, especially for Motorhomes and similar large items where the Banks traditionally limited the loan period to 60 months [though I think they have relaxed this criterion recently]; also, the Banks charge penalty fees for early settlement, whereas Black Horse give a rebate. Nationwide announced a relaxation of the 60 months max repayment period a couple of months ago, [and increased the maximum loan to £50,000, IIRC], but indicated that the longer term loans/higher borrowing [and one iinvariably follows the other] would be at a much higher APR than the headline rate advertised

Steve
 
Actually Liz used the AA.
 
I’ve had a few vans and pickups for work on finance since 2007. Ive counted 8 all straight Hp and a couple of cars and a chunk on the motorhome just the way I do business use there money. None were on lease or balloon payment all about 50% deposits and vat up front. Keep seeing this but don’t trust some of the companies advertising to claim on my behalf. I got about 18k back from the PPI stuff. So maybe another wee bonus.🤞
 

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