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  • FIRST POST
    • 07beau
    • By 07beau 20th Mar 17, 8:03 AM
    • 1Posts
    • 0Thanks
    07beau
    Interest on Mortgage before completion
    • #1
    • 20th Mar 17, 8:03 AM
    Interest on Mortgage before completion 20th Mar 17 at 8:03 AM
    Hi, I recently bought a new property. Unsurprisingly the process wasn't as smooth as I hoped.
    There was a delay between our initial completion date & when we actually completed, therefore, I have been charged interest on the mortgage funds that were sat in my Solicitor's account before being resent back to the lender (Santander).

    I have been charded 8% over 4 days.

    My question is am I actually liable for that bill?

    Thank you
Page 1
    • antrobus
    • By antrobus 20th Mar 17, 8:16 AM
    • 15,039 Posts
    • 21,372 Thanks
    antrobus
    • #2
    • 20th Mar 17, 8:16 AM
    • #2
    • 20th Mar 17, 8:16 AM
    Hi, I recently bought a new property. Unsurprisingly the process wasn't as smooth as I hoped.
    There was a delay between our initial completion date & when we actually completed, therefore, I have been charged interest on the mortgage funds that were sat in my Solicitor's account before being resent back to the lender (Santander).

    I have been charded 8% over 4 days.

    My question is am I actually liable for that bill?

    Thank you
    Originally posted by 07beau
    Yes.

    Of course, if you believe someone else is responsible for the delay, you can ask them to stump up, etc.
    • emmatthews
    • By emmatthews 20th Mar 17, 10:21 AM
    • 650 Posts
    • 1,259 Thanks
    emmatthews
    • #3
    • 20th Mar 17, 10:21 AM
    • #3
    • 20th Mar 17, 10:21 AM
    Who was responsible for the delay in completing?
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