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Remortgage. Is this right please?
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Michellexx
Posts: 3 Newbie
Hi,
We've recently applied to remortgage our house, we owe £46,897 but want to add 10k for home improvements. The forms for us to sign have come and it says the sum of £57,158, why is it not £56,897 ? It was a fee free plan(also paid another payment since).
My husband has rang them and they say it's interest but on the form it says our first payment would be £442 because of interest? Followed by payments of £368.. if this is right they will be charging us around £320 interest for 3 weeks (last payment to new payment)
Does this sound right to you and I'm just being thick! Lol
TIA
We've recently applied to remortgage our house, we owe £46,897 but want to add 10k for home improvements. The forms for us to sign have come and it says the sum of £57,158, why is it not £56,897 ? It was a fee free plan(also paid another payment since).
My husband has rang them and they say it's interest but on the form it says our first payment would be £442 because of interest? Followed by payments of £368.. if this is right they will be charging us around £320 interest for 3 weeks (last payment to new payment)
Does this sound right to you and I'm just being thick! Lol
TIA
0
Comments
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It’s interest due to your current lender.0
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As above, it is interest accrued between when you last made your monthly payment and when they ran a redemption figure on their internal system.I am a Mortgage Broker.
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice0
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