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Hi
Thanks, that makes sense.
So from what I can see, it should be either:
* 301K + settlement fees as the $301 K already includes the Aug interest component
OR
* 301K + interest for the 2 days between the interest paid on the 27th and settlement and settlement fees
On the phone with HSBC now.
Thanks
Thanks for the replies.
Settlement is tomorrow/today (30th Aug).
The interest was debited on the 27 August which was around $1600.brining the loan balance to $301K for example.
I also had a PI repayment due on this date which was about $2600 which has not been paid as this would be taken care of at settlement.
For the settlement tomorrow, they have indicated that the balance is $301K + $2600 + settlement fees.
I would have thought the balance of the loan would be $301K + the principal component of the Aug repayment + settlement fees as the $301K already have the Aug component.
I called the relationship manager who didn't anything but did mention that there could be surplus which would be deposited back into the surplus account but again couldn't confirm. I called the settlement team and they were supposed to call me back but again failed to do so.
Normally, I wouldn't be as annoyed but seeing that they were responsible for delaying the settlement, we have paid 3 extra weeks worth of interest for nothing and it seems we am now paying even more and they couldn't even give us a breakdown.
I'll probably call back tomorrow morning.
