📨 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!

question about direct debit date for mortgage

i have a mortgage with the woolwich, my payments are direct debited on the 16th of every month. i rung up to ask if i could change the date as partner does not get paid till 23rd so it was not very convenient, they said u can only change the date by setting up a standing order. does anyone else do this or have the same problem with inconvenient dates? u can choose your own dates with any other bills .very annoying.

Comments

  • homer_j_3
    homer_j_3 Posts: 3,266 Forumite
    it could be a system/process issue on their side which doeant allow you to choose a dd date to your specific requirement.

    Some lenders are more flexible than others. If you need to set up a standing order and they do not mind you cancelling the DD then thats good that they are trying to help but please be careful because if your interest rate increase and you do not alter your standing order, you may end up underpaying and ultimately be charged additional interest and get behind on your repayments
    I am a Mortgage Adviser
    You 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.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.3K Work, Benefits & Business
  • 599.5K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.