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First mortgage installment
dannyp123
Posts: 29 Forumite
My lender is Nationwide. Am wondering when does the first instalment will go? Will it go on move in date? We are moving on June 28th?
Thanks in advance.
Thanks in advance.
0
Comments
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Approximately two weeks after completion and it will be a full months payment, plus interest for the last couple of days of June.
They will write to you and confirm this just after completion.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Thanks,
One more query -: As my moving date is 28th June 2013, so the interest will be for 3 days(Including moving date) or just remaining 2 days of June Month?0 -
Probably neither.
It will be from the day the solicitor obtains the mortgage funds from Nationwide.
That may be a day earlier to ensure he is able to sort out any completion day money problems the day before.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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