We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Redemption Statement vs Noddle
Options
panholio
Posts: 64 Forumite
Can anyone help me here - I suspect I am missing something.
My noddle account shows an outstanding balance on my mortgage of £163,395 under the balance history for January (noddle is, as always, a bit behind).
I am completing on the sale of the property in Early April and my mortgage company have provided a redemption figure of £164,500 ish (not seen the actual document yet so just over the phone with my solicitor).
The difference is a bit confusing given than I have made 2 further payments on the mortgage since the January figure.
There are no early redemption fees on my mortgage.
Is this something to do with the way noddle report their figures or are my mortgage company pulling a fast one?
My noddle account shows an outstanding balance on my mortgage of £163,395 under the balance history for January (noddle is, as always, a bit behind).
I am completing on the sale of the property in Early April and my mortgage company have provided a redemption figure of £164,500 ish (not seen the actual document yet so just over the phone with my solicitor).
The difference is a bit confusing given than I have made 2 further payments on the mortgage since the January figure.
There are no early redemption fees on my mortgage.
Is this something to do with the way noddle report their figures or are my mortgage company pulling a fast one?
0
Comments
-
Initially I would have said redemption charge but that would be typically no more than £250. The other obvious one would be ERC but you say there is none.
I would suggest you ask the solicitor for the breakdown.are my mortgage company pulling a fast one?
Contrary to popular belief, the vast majority do the job they are employed to do very well and accurately.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards