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Fixed rate monthly interest charges
helsbells17
Posts: 27 Forumite
Hello
I just received my mortgage statement and am a bit confused as although it's a fixed rate mortgage, the monthly interest charges have been variable. I would have expected them to either go down slightly or to remain the same. Please can someone explain this to me? Or has the bank made a mistake?
Thank you
)
I just received my mortgage statement and am a bit confused as although it's a fixed rate mortgage, the monthly interest charges have been variable. I would have expected them to either go down slightly or to remain the same. Please can someone explain this to me? Or has the bank made a mistake?
Thank you
) 0
Comments
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This is probably due to the differing number of days in each month.0
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Oh dear - I knew it'd be something really simple and obvious!0
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;o) at least you were brave enough to reply. Others would have disappeared never to be seen again!helsbells17 wrote: »Oh dear - I knew it'd be something really simple and obvious!
Welcome to MSE.0
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