Redemption/Completion statement Confusion

leew

Morning all

Please can anyone try and answer this please.

Here goes! Our fixed mortgage has now ended and we are remortgaging with Tesco with an agreed 93,000

Tesco's solicitors have emailed me the redemption statement and its 92,410.29 according to Natwest.

I have some fees mentioned - £48 total so surplus monies is 541.71 which is lower than I thought.

Here's why I think its incorrect, mortgage as of today stands at 92,154.12 and we have agreed 93,000 so the above is wrong surely or is it not that simple?

Thoughts please?

Thrugelmir

Accrued interest to the date of completion needs to be taken into account. Interest is charged in arrears on a monthly basis. You need to add daily interest to the figure that I'm assuming you are looking at online.

leew

Thanks, not that simple then! I assumed it would be closer to 900 the surplus.