Help... new mortgage taken out before old one settled.

LjG_2

Hi, I am feeling a little ripped off by either my old bank or the solicitors we used....

I remortgaged my house last month and the completion date was set as the 1st. I borrowed a little extra than the current figure for home improvements and that was transferred into our joint account on the 1st as expected.

I was surprised to find when the bank statement arrived that the old mortgage was only settled on the 7th, meaning I was paying interest on both the old AND the new mortgage for 7 days.

On contacting the solicitors they said a cheque was sent to settle the old amount and that would probably be the settlement period.

Is this usual? Legal? Is there anything I can do or will I never get back the extra interest I paid?

Thanks for any help.

foreversummer

How much extra interest have your paid?

LjG_2

Around £280