# FAQ — premium finance rates and MTA fees (/docs/general/faq/premium-finance-and-fees)

---
type: Document
title: FAQ — premium finance rates and MTA fees
description: Frequently asked questions on IREV/BG MTA fees, premium finance rates and cancellation cooling-off debt.
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## BG — mid-term adjustment fees

BG charges £25 plus any applicable insurer charge for a private
registration change. A change of vehicle, a change of address, or a
change of driver each cost £55 from BG, plus any applicable insurer
charge.

## Insurance Revolution (IREV) — mid-term adjustment fees

Insurance Revolution (IREV) charges £55 plus any applicable insurer
charge for a private registration change, a change of vehicle, a
change of address, or a change of driver — the same £55 fee applies
to all four change types, plus any applicable insurer charge.

## Insurance Revolution (IREV) — premium finance interest rates

Close Brothers: 11.20% if the finance is arranged over 10 instalments,
or 12.45% if arranged over 11 instalments. Premfina: 14.93%, the same
rate for either 10 or 11 instalments.

## Why a cooling-off cancellation can still leave a debt

Being within the cooling-off period does not mean a customer can
cancel free of charge. They're still charged a cancellation fee (£75),
time on cover, and any applicable insurer charges. If the customer is
within the cooling-off period, any policy set-up fees are returned in
full. If the customer paid a deposit when the policy was set up, these
charges are typically deducted from that deposit. If the customer did
not pay a deposit, there's no credit to take the charges from — that's
normally the reason for a debt when cancelling within the cooling-off
period. If the customer did pay a deposit and a debt still calculates,
refer to your manager for help.