details, details, details

lkmc01

Hi

We completed and moved on 23rd August this year. We paid 85k for the house. We were / are first time buyers with a 25% deposit.

We originally had the 4.89% 5 year fixed mortgage offer with Nationwide paying £400 arrangement fee and the £99 booking fee. We changed it before completion to the Nationwide 4.14% fixed 5 years mortgage not having to pay another £400 arrangement fee, but having to pay another £99 booking fee. We still owe my dad for £400 which we borrowed to pay the arrangement fee.

We are due to pay our first mortgage payment with the interest on 28th September. The amount is £408.92, the monthly payment after that are £341.44.

The question is

• when does the month run from and to in regards to our mortgage - is it from the 1st of the month? or is it from the 23rd of the month? I think its the 1st due to having to pay additional interest on our first monthly mortgage bill, but can someone please confirm this? thanks
• also, is there a best date in the month to pay our mortgage to keep interest to as little as possible. At the moment we will not be able to overpay as there is only one of us working, but in future if we were both working we should be able to overpay.

thanks :beer: And how do I change the payment date? And, for future reference, how do I overpay?

Yorkie1

This is the third thread you've posted these questions on. It is far easier if you just keep to one thread please.