Change mortgage payment date

crysta1010

I want to change my mortgage payment from the 15th of each month to the 30th but was told that i would be charged an extra £144.00 interest because of this.

Do I have to pay this upfront or is it added onto my remaining mortgage amount?

My husband made the call and didn't think to ask cos the lady on the phone was foreign and he couldn't wait to get off the line to her.

Any advice would be welcome.......

IoweIoweitsofftoworkIgo

Unless you're paying 2 payments in same month, ie, 15th & 30th July, then when you pay your next payment, you will be covering the interest from say, 15th july - 30th august, therefore an extra 15 days interest will apply, which should be added onto your amended payment.

Your payments after that should go back to your original amount.

HTH

ginger_nuts

the other way to do it if you have the money is to pay 2 weeks in advance rather that two weeks in arrears

crysta1010

ginger_nuts wrote: »

the other way to do it if you have the money is to pay 2 weeks in advance rather that two weeks in arrears

I paid my mortgage on 15th June but my husband is now on monthly salary which won't be until 30th July

dwight-van-man

crysta1010 wrote: »

Any advice would be welcome.......

Do you need advice about the mortgage interest or about how to deal with your husbands biggotry?