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when does the first payment come out?

Hi,

We are aiming to complete on the 22nd June and we are confused as to when our first mortgage payment will come out. We opted for the payments to come out on the 7th of every month, but will it come out on the day of completion?

We are trying to work out exactly when we will need all our money etc..The mortgage is with nationwide if that help?

Thanks

Comments

  • KTF
    KTF Posts: 4,855 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    It will come out on the 7th but the first one will be larger than normal as its a month and a bit. After the initial payment the usual amount will come out each month.
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