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First payment question

dvdgrgsmt
dvdgrgsmt Posts: 11 Forumite
Seventh Anniversary First Post Combo Breaker
in Mortgages & endowments
Hi hopefully someone can help. I exchanged contracts today but the completion date isn't until the 28th will my first months payment charge me interest from the 21st or from the 28th? I'm with Nationwide if that makes a difference.

Thanks

Comments

  • TrickyDicky101
    TrickyDicky101 Posts: 3,534 Forumite
    Part of the Furniture 1,000 Posts
    You will be charged interest from the point at which the mortgage funds are drawn from Nationwide. This will either be the date of completion or possibly a day or two before depending on what your solicitor deems is prudent.
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