Mortgage Redemption Question

davisaj22

Hi all,
I’ve confused myself over a mortgage redemption statement. We will redeem the mortgage on 22nd January. I’m after some help.

Received a redemption statement on December 30th from NatWest. Redemption amount is £301976.23 if paid on 22/01/21. It states that it does not include any payment I am due to make between 30/12/20
and 22/01/20. Amount was what I was expecting.

Requested an updated statement today after paying my regular £1037 monthly mortgage payment which goes out on 1st. The redemption figure if mortgage is redeemed on 22/01/21 on the statement issued today is £301,964. Just £10 less than before paying my monthly direct debit.

Does that sound correct? 

thank you!!

Thrugelmir

Interest for December will have been added and charged to your mortgage account. 

On the 22nd January there'll be a further charge of interest.