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Can I claim compensation from my solicitor?

fossman · 2006-12-17 09:57:22

We are FTB and are buying a new build house. We were due to legally complete on the 18th December but due to an error by our solicitor we completed on the 15th (they sent the money to the sellers solicitors on the wrong day). The house will not be fully complete until the 18th so can I claim 3 days mortgage interest back…

Comments

dunstonh Posts: 121,328 Forumite

18 December 2006 at 12:16AM

Will my first mortgage payment be taken 1 month from when the mortgage drawdown occurred (15 Jan)?

It depends on your mortgage provider. Some mortgages are paid in advance, others in arrears. Some have defined dates in the month, some dont.

So, if the mortgage repayment date was 1st monthly, your first payment would be 1st January and would cover 15th December to the 31st Dec and then the whole of January (basically a month and half).

Your mortgage adviser should have told you this on your KFI document. Take a look at that to see what yours is.

I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.

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