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Mortgage KFI and monthly payments differ.


rupertlssmith
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Hi,

 

My mortgage KFI lists the monthly repayment at £1306.98, but the lender (Clydesdale) are taking £1359.68. Its not so simple for me to check which is correct, as there are various methods of calculating interest (monthly, daily, etc), and I don't really know which one the lender uses. Should the KFI not be completely accurate on this? If so, should I be making a complaint to the banking ombudsman or other body?

 

Thanks for your help.

 

Rupert

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