Can someone please help?

titchyone78

I will try to keep this simple.

I am currently buying ex-partner out of a joint property. A further advance has been agreed by my current lender, all sorted, I am extending the term by a lot so even though I'm borrowing more I can manage on my own for the time being.
I am pressing for it all to go through on 31st of Jan, however on speaking to the lender today it is going to be a close call.

My question is, the next mortgage direct debit for the old mortgage as such is due to be paid on the 1st of feb, I am presuming this will come out.

What if the transfer goes through a day or two later?

What will I be due to pay? As my new payments were due to be 400 a month less, I was hoping to avoid the old direct debit as such, but as time ticks on, this is unlikely.

I hope this makes sense to someone, and you can help!

Thanks

Thrugelmir

Direct debits are set 10 days in advance for collection. So there's no time to amend.

Any amount you overpay will be refunded once completion on the new mortgage is finalised.