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Silly question?
boo80
Posts: 482 Forumite
We're trying to buy our 1st home and come out of our rented house but there will be a 2 week cross over when we will have our rented house and our new one. Our rent comes out in advance of us living there for a month, will the mortgage come out AFTER we've lived in the house for a month? I don't think I've worded the question very well, sorry, baby brain!!
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Comments
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It very much depends on when you move and when you have agreed (ie what day of the month) that your mortgage payments should be taken.
Example: I paid my last rent on 1st April which covered the rental property until 30th April.
I moved into the new house 21st April, the first mortgage payment was taken 1st May to cover the period 21st April - 31st May (£630 instead of £480).
Hope that answers your question.0 -
Thanks Benjo, thats what I thought.0
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