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  • FIRST POST
    • bbasra
    • By bbasra 10th Jan 18, 9:55 AM
    • 88Posts
    • 6Thanks
    bbasra
    NATWEST - Interest to Anticipated Redemption Date ?
    • #1
    • 10th Jan 18, 9:55 AM
    NATWEST - Interest to Anticipated Redemption Date ? 10th Jan 18 at 9:55 AM
    Guys,

    Can anyone explain Natwest's Interest to Anticipated Redemption Date ?

    They've added a charge of 852.67 which they say equates as follows from 16th November to 11th Jan

    daily interest @ 2.02% Fixed - 12.10 x 46 Days
    daily interest @ 4.49% SVR - 26.90 x 11 Days

    however, I've already paid my monthly mortgage payments which included interest?

    Many thanks in advance.
Page 1
    • YHM
    • By YHM 10th Jan 18, 9:58 AM
    • 516 Posts
    • 193 Thanks
    YHM
    • #2
    • 10th Jan 18, 9:58 AM
    • #2
    • 10th Jan 18, 9:58 AM
    When was your last payment date on your Natwest mortgage?
    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 advice
    • davidmcn
    • By davidmcn 10th Jan 18, 9:59 AM
    • 7,641 Posts
    • 7,773 Thanks
    davidmcn
    • #3
    • 10th Jan 18, 9:59 AM
    • #3
    • 10th Jan 18, 9:59 AM
    and on what date was the redemption statement issued?
    • bbasra
    • By bbasra 10th Jan 18, 4:59 PM
    • 88 Posts
    • 6 Thanks
    bbasra
    • #4
    • 10th Jan 18, 4:59 PM
    • #4
    • 10th Jan 18, 4:59 PM
    When was your last payment date on your Natwest mortgage?
    Originally posted by YHM
    15th December was my last payment date. 15th Jan is the next one however, trying to complete 11th.


    Redemption statement is dated 5 January 2018.
    • Jamesellward
    • By Jamesellward 11th Apr 18, 7:22 PM
    • 2 Posts
    • 0 Thanks
    Jamesellward
    • #5
    • 11th Apr 18, 7:22 PM
    • #5
    • 11th Apr 18, 7:22 PM
    Hi did you get any further with the redemtion charge
    • Jamesellward
    • By Jamesellward 11th Apr 18, 7:23 PM
    • 2 Posts
    • 0 Thanks
    Jamesellward
    • #6
    • 11th Apr 18, 7:23 PM
    • #6
    • 11th Apr 18, 7:23 PM
    I have just been given mine and the same thing has happened with me. There is a section with the amount for aniticipated interest i though i paid my intrerest on my monthly payments
    • Thrugelmir
    • By Thrugelmir 11th Apr 18, 8:51 PM
    • 58,454 Posts
    • 51,828 Thanks
    Thrugelmir
    • #7
    • 11th Apr 18, 8:51 PM
    • #7
    • 11th Apr 18, 8:51 PM
    Interest will be charged in arrears, i.e. on the outstanding balance.
    Financial disasters happen when the last person who can remember what went wrong last time has left the building.
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