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Woolwich First payment
vnital03
Posts: 5 Forumite
Hi all,
Please can you share your experience with Woolwich first mortgage payment. They send the letter with the breakdown:
Amount of borrowing released £120999
Borrowing amount released on 24 July
Regular monthly Payment £590
Part interest payment for July £447
Total first payment due on £1067 on 1st September 2014
Regular monthly payment to be collected on the
1st of each month £590
How they calculate the interest of July ? It seems very high for 7 days.Any ideas.
Thanks
Please can you share your experience with Woolwich first mortgage payment. They send the letter with the breakdown:
Amount of borrowing released £120999
Borrowing amount released on 24 July
Regular monthly Payment £590
Part interest payment for July £447
Total first payment due on £1067 on 1st September 2014
Regular monthly payment to be collected on the
1st of each month £590
How they calculate the interest of July ? It seems very high for 7 days.Any ideas.
Thanks
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