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Halifax - Balance Movement

Just logged on to my mortgage details and found Halifax have move a figure from my mortgage balance to my sub account (which is at 0% interest).

Anyone know why or what this is? (Too early to phone them), just states Balance Movement on my statement.
Always have 00.00 at the end of your mortgage and one day it will all be 0's :dance:
MF[STRIKE] March 2030[/STRIKE] Yes that does say 2030 :eek: Mortgage Free 21.12.18 _party_
Now a Part Timer from 27.10.19

Comments

  • kingstreet
    kingstreet Posts: 39,395 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Mortgage account fee (£295) attracts no interest.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, 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 advice. Please do not send PMs asking for one-to-one-advice, or representation.
  • I!!!8217;ve had a similar thing this morning , only they took £93 from my sub account and only added £20 to my main account! Anyone know what!!!8217;s going on, I!!!8217;m 8 months into a fixed rate.
  • Me three ... looks like my mortgage account fee went from £213 to £295?! But I got £20 decreased from my mortgage balance ... sorry if I!!!8217;m being thick but I still don!!!8217;t understand why! :(
  • A_Frayed_Knot
    A_Frayed_Knot Posts: 3,308 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Photogenic
    kingstreet wrote: »
    Mortgage account fee (£295) attracts no interest.


    My sub account has been in effect for 6 years now reducing every month, yesterday they took over £100 from my mortgage balance and added to my sub account.

    All is to my good I know, and have found out what "redress" seems it is when they pay you compensation for a complaint made.

    Mortgage Movement, the Bank Manager had heard of it, but couldn't tell me what it is.
    Always have 00.00 at the end of your mortgage and one day it will all be 0's :dance:
    MF[STRIKE] March 2030[/STRIKE] Yes that does say 2030 :eek: Mortgage Free 21.12.18 _party_
    Now a Part Timer from 27.10.19
  • kingstreet
    kingstreet Posts: 39,395 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Maybe the wrong amounts were allocated in the first place and the £20 covers the interest paid incorrectly as a result?

    https://forums.moneysavingexpert.com/discussion/5865030/letter-from-halifax-re-mortgage&highlight=halifax
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, 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 advice. Please do not send PMs asking for one-to-one-advice, or representation.
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