No. Mif is calculate as a percentage of the loan you took out on the start of the agreement.

If they argue re MIF, it was cancelled across all WFS agreements in 2008/2009. It should have been re funded from your agreement and any int applied also. You need a statement to verify. Good Luck.

Ok, Firstly DO NOT PANIC. As you are well aware the company is selling debts. The Account mnagers are targeted on cash collection targets, so will try to get a Full payments off you. Take issue with the MIF (mortgage indemnity fee) via thier compliance department DO not go through the branch it takes ages. It should have been waived some time ago. The interest freeze would have taken place without the branch being aware, they cannot explain it, nobody really can. Ensure the interest added to the account is on the correct dates and balances, request a copy statement to verify this. Also, due to poor advise to were told to clear the loan at a lower rate of payment which would act to your detriment. Argue the PPI as it's removal and additional interest added will reduce any balance outstanding. Make offer to short settle offer 60% and monitor the flow of telephone traffic to yourself. get copies of everything you signed and quote names in correspondence. It really helps. I argues them to accept 70% short in settlement out of my redundancy that I received in January. Good luck.