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First mortgage payment - when will it be due?
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SolicitorMidlands
Posts: 334 Forumite
We are completing on a property tomorrow. We have set up the mortgage to come out on the 2nd of every month. The mortgage is with Abbey. However, no one has told us when we will have to pay our first whole month's mortage payment. Does anyone know?
Thanks.
Thanks.
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Comments
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Abbey might know................................I have put my clock back....... Kcolc ym0
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Your first payment is payable a month after completion, so as you have selected the 2nd of the month to pay, your first payment will be 2nd May and it will be for a full month plus a couple of days interest.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. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
It will probably be on the 2nd of May and will slightly more than your standard payments as it will include the extra couple of days from completion up until the 2nd April.
However Abbey will send you a letter confirming the exact amount and when it will be due way before the first payment0 -
Thank you SO much - Abbey have been incredibly slow with letting us know anything!0
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Phone them and they'll be able to confirm the exact payment amount for the 2nd May.0
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I had the same thing, turned out I got a "free month" when I got my mortgage which paid for my sofa
the first payment was a month and a week after I moved in and was higher than usual as it was for a longer period.
This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
In my case - my house purchase completed on Jan 30th and my first payment came out on the 9th Feb. Dont known why it came out so quickly (someone told me they give you 28 clear days but obviously not).:rotfl:If it weren't for stress I'd have no energy at all. First rule of acting: Whatever happens, look as if it were intended.;)
Don't follow in my footsteps, I walk into walls:smileyhea When in doubt .............mumble.
I may look busy, but I'm just confused.:T I smile because i have no idea what's going on.:rotfl:0
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