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Mortgage Payment question.

squibbs25
squibbs25 Posts: 1,324 Forumite
Part of the Furniture 1,000 Posts Combo Breaker
in Mortgages & endowments
My mortgage dd comes out on the 1st, when i looked online last night the figure showing was £54802.67, then checked today when the payment has been taken, the figure now showing is £55021.89 :confused: . How comes its gone up i thought this figure normally decreases! Am i missing something! Sorry if i seem a bit daft.


Squibbs
My beloved dog Molly
27/05/1997-01/04/2008
RIP my wonderful stepdad - miss you loads
:Axxxxxxxxx:A
our new editions
Senna :male: and Dali :female: both JRT

Comments

  • KTF
    KTF Posts: 4,827 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    It probably takes a few days for the payment to appear on the online banking. My Nationwide mortgage takes a few days to register the payment after its been made.
  • Dave_®f©
    Dave_®f© Posts: 228 Forumite
    Part of the Furniture
    The £219.22 increase will be the interest accrued for the month and added to the account. Your morgage payment will be more than this and pay the interest plus some capital which will decrease the amount once your recent payment hits the account.
  • squibbs25
    squibbs25 Posts: 1,324 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I thought i'd gone mad!
    i dont normally check it the day it comes out, so was confused to say the least!!

    Cheers for that.

    Squibbs
    My beloved dog Molly
    27/05/1997-01/04/2008
    RIP my wonderful stepdad - miss you loads
    :Axxxxxxxxx:A
    our new editions
    Senna :male: and Dali :female: both JRT
This discussion has been closed.
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