mortgage charges

sevans876

my mortgage is due to be paid on the 22nd of each month i have asked them to change it to the 30th of the month due to my and my husband pay day the advised us that we need to pay £99.00 to change the date due to interest we would occur from the difference in the date and if the payment is late we occur a £40.00 charge every time are they allowed to do this as my mortgage is not getting smaller it is getting bigger

UK007BullDog

Which lender is this?

Well, yes they can it seems. So I would suggest that you pay that fee to change it to that date you want.

Did they not ask you what preferred date you would like the DD to be done?
If they did and you did not state when you wanted it then you would have to pay.

Some lenders are very unflexible to dates and will collect the payments on just one day in the month for all the mortgage accounts they have.

Alternatively why dont you set up a second account or savings account and have the mortgage amount placed in there on the 30th and then move it back into the account on the 22nd.
Or set up a second account where you pay the amount into on the 30th and the following month it gets taken out again on the 22nd. You would just have to pay out twice once at the initial payout but then you are control and incur no further charges.

I hope I made my suggestions clear as mud for you to understand.