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  • When I look at my mortgage statement online, I can see the monthly payments that I make each month.

    I can also see what looks like money being added to the balance (-£928 in December, -£927 January, - £835 in February)

    Is there a good explanation for this or should I be concerned?

  • Presumably interest payments.

    Verifying the calculation is hard as it is based on your outstanding balance and takes into account the day payments are credited to your account (which might not be the day you made the payment) how often they update the balance (could be monthly, could.be daily) etc. I have up last time I tried.

  • Thought it might be this - had just assumed interest was deducted automatically but I guess it makes more sense to so it this way

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