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Mortgage Interest Basics - please explain

  •  Sat, Nov 14 2009, 4:43 PM

    Mortgage Interest Basics - please explain

    hi

    Appreciate this might be a basic question...

    A few days ago the amount owed on my mortgage was below £60k, and now it is over £60k. it is going up... This might be something to do with the date the interest is charged? Can anyone please explain to me the reason for the rise?

    Thanks
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