Pre-notified interest charge on mortgage redemption figure - First Direct.

littlemissy29

Hi All - Hope someone can help. We are completing on our mortgage swap next week. We just received our redemption figure through from First Direct, and there is a charge of £338.06 for 'pre notified interest'.

This is not the expected daily interest calculation (which is listed separately)

Can anyone tell me what this may be for please? i cant seem to find anything online that explains it clearly, and I cannot speak to the mortgage team there until tomorrow morning.

Thanks -
LM29

littlemissy29

In case anyone elseis looking this up one day and finds this thread in the search option.

Apparently the Prenotified interest is Novembers interest, as it is paid in arrears. I was not aware that was the case.

There is a daily calculation for December - Plus all of Novembers interest which would have been due to make in my December mortgage payment.

LM29