We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
how is a mortgage paid?
brettcooper1
Posts: 58 Forumite
Hi all was hoping somebody could help.
Could somebody tell me how you receieve your money from a mortgage company if you re-mortgage a house you own? Obviously the money doesn't need to go to a solicitor etc.
Is it commonly paid by cheque or bank transfer?
Thanks
Could somebody tell me how you receieve your money from a mortgage company if you re-mortgage a house you own? Obviously the money doesn't need to go to a solicitor etc.
Is it commonly paid by cheque or bank transfer?
Thanks
0
Comments
-
If a new lender you need solicitors and it will go to their account, then transfer to yours.
If same lender it can go direct to your account by bank transferI am a Mortgage AdviserYou 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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards