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Mortgages : Redemption figure v Annual statement

Blogger : MoneySavingExpert.com Forums
All posts : All posts by MoneySavingExpert.com Forums
Category : Mortgages
Blogged date : 2008 Feb 11

My mortgage deal finished on 31-12-07.

I found a deal with another company and due to the bank holiday, completion took place on 02-01-08.

The redemption figure obtained by the solicitors (free with the deal) dated 02-01-08 was £XX,922.01.

This includes £199 admin and £25 for redemption certificate.

I have now received my annual statement from the original company with a loan outstanding figure for 31-12-07 of £XX155.15.

This means 2 days interest = £542.86.

I have spoken to CS but the person only seemed able to read back the figures on the annual statement.
They have however agreed to send me a copy of the redemption statement.

Have I mis-read the situation and overlooked something basic?

Any comments welcome.
Apologies if I do not reply immediately, I only manage to get on here evenings, and am busy at the moment.

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