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Monthly payments for a re-mortgage
pidthekid
Posts: 1 Newbie
Hi,
We currently have a fixed rate that expires on 31/05/07 and am looking at transferring it to Nationwide. Natiowide's illustration has a section titled 'Interest Charged in month of advance, payable with first full monthly payment £391.73' what does this cover?
If my old mortgage finishes on 31/05 will my last payment be the one on the 05/05 or will i have to make one on the 05/06 ?
Any help appreciated as this is confusing me to hell !!
Thanks
Stuart
We currently have a fixed rate that expires on 31/05/07 and am looking at transferring it to Nationwide. Natiowide's illustration has a section titled 'Interest Charged in month of advance, payable with first full monthly payment £391.73' what does this cover?
If my old mortgage finishes on 31/05 will my last payment be the one on the 05/05 or will i have to make one on the 05/06 ?
Any help appreciated as this is confusing me to hell !!
Thanks
Stuart
0
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