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FTB first mortgage payments

catye · 2013-07-21 11:09:25

Hi I just bought and moved into my new house and have a received a letter detailing the first mortgage payments. I was hoping someone could kindly explain this to me... The first payment is 19th August (a month after our move in date) and covers broken interest for July, as well as the normal monthly payment, which I…

Comments

kingstreet Posts: 39,290 Forumite

23 July 2013 at 12:00PM

japmis wrote: »

Whilst they aren't wholly related, Nationwide were very understanding in terms of not wanting to take 2 mortgage payments back to back and were more than happy to rearrange to help my cash flow.

My reply was to jamesml, not to you. I thought you had posted it, then I realised it wasn't you.

Lenders will allow you to pick your regular payment date, but the first payment date is normally set by the lender's system and the only way to "bend" it is to alter your completion date.

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.
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