Good evening all,
Got my mortgage statement through today and everything looks to be heading in the right direction.
Only issue I can see is my interest rate and and payment don't add up. Could someone help clear this up for me.
My balance is £61,892.73 of £71,999 borrowed.
I have had two payments with the interest rate of 4.59% = 454.45
And 10 with a interest rate of 4.95% = 467.06
I have been paying £535 so slightly over paying.
So my question is, "Are the payments of 467.06@4.95% correct?" There look high to me. if there are wrong any idea to why?
Got my mortgage statement through today and everything looks to be heading in the right direction.
Only issue I can see is my interest rate and and payment don't add up. Could someone help clear this up for me.
My balance is £61,892.73 of £71,999 borrowed.
I have had two payments with the interest rate of 4.59% = 454.45
And 10 with a interest rate of 4.95% = 467.06
I have been paying £535 so slightly over paying.
So my question is, "Are the payments of 467.06@4.95% correct?" There look high to me. if there are wrong any idea to why?