Alliance & Leicester Mortgage

crilly

Hi All,

I'm just in the process of remortgaging and was looking at my Alliance & Leicester monthly flexible mortgage statement, i have only just noticed that the amount i borrowed that is stated on the statement is about £1400 less than the opening balance. The mortgage is currently interest only, would any other A & L mortgage owner have any idea what this charge added to the borrowed amount is for. As far as i'm aware i have already paid A & L fees when i took the mortgage out.

Thanks

Thrugelmir

crilly wrote: »

i have only just noticed that the amount i borrowed that is stated on the statement is about £1400 less than the opening balance.

Do you mean more?

Interest is charged in arrears. So this may form part of the balance along with the product fees. If these were added at the outset.