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smnb08
Posts: 488 Forumite
was wanting to complete on our mortgage at the end of october but solicitor hasnt got everything needed in time so it isnt going to happen now.
solicitor now is recommending we complete at the end of november.
can i ask him to complete at any day in november?
i realise i will pay all of novembers interest by doing this but want it to go through as soon as poss.
is it unheard of to complete at other times of the month?
thanks x
solicitor now is recommending we complete at the end of november.
can i ask him to complete at any day in november?
i realise i will pay all of novembers interest by doing this but want it to go through as soon as poss.
is it unheard of to complete at other times of the month?
thanks x
sealed pot challenge member #920
0
Comments
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Why would you want it to start earlier - you'll be paying interest twice for that period, surely?0
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It really depends on how mortgage interest is calculated on both mortgages.
A lot of mortgages now do daily interest so if you switch say on 15th the
mortgage A will charge from 1-15 and mortgage B from 15-31.
Are you saying you have to pay for a whole month because you know that or are you just assuming?
To know for sure, you'd need to know how both mortgages work.0 -
i know it doesnt make sence and i should wait but when you consider i have been remortgageing for 6 months now i dont want to wait another 6 weeks for fear of them changeing there mind.Why would you want it to start earlier - you'll be paying interest twice for that period, surely?sealed pot challenge member #9200 -
It really depends on how mortgage interest is calculated on both mortgages.
A lot of mortgages now do daily interest so if you switch say on 15th the
mortgage A will charge from 1-15 and mortgage B from 15-31.
Are you saying you have to pay for a whole month because you know that or are you just assuming?
To know for sure, you'd need to know how both mortgages work.
thank you for that! it was my solicitor who said i would have to pay a whole months interest not sure if he is assuming or knows for sure.sealed pot challenge member #9200 -
...........and the saga continues............I am a Mortgage Adviser
You should note that this site doesn't check my status as a mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Take advice with a pinch of sea salt!0 -
my completion date is set for the 19th of this month!!
i cant beleve this has taken seven months.sealed pot challenge member #9200 -
my mortgage completed today:beer:
just wanted to say a big thank you to everyone who has given me advice.sealed pot challenge member #9200 -
lol hooray well done mate0
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