We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Remortgage woes
lazer-zxr
Posts: 457 Forumite
Hello forumites.
MY £157k remortgage from NRAM to Nationwide was due for 26th of May completion.
There would be a shortfall of £4k
On 20th of May, I paid £4k to my conveyencer. It was confirmed received.
On 26th of May, Nationwide paid my conveyencer £153k.
In the month of June, I was expecting only a Nationwide mortgage payment. However, today, on the 1st of June, NRAM have taken a DD of £1k. This will leave me tight in the month of June if Nationwide take their DD (due soon).
Was this to be expected?
If the NRAM mortgage has not yet been redeemed, who is liable for the interest on the account.
Thanks in advance.
MY £157k remortgage from NRAM to Nationwide was due for 26th of May completion.
There would be a shortfall of £4k
On 20th of May, I paid £4k to my conveyencer. It was confirmed received.
On 26th of May, Nationwide paid my conveyencer £153k.
In the month of June, I was expecting only a Nationwide mortgage payment. However, today, on the 1st of June, NRAM have taken a DD of £1k. This will leave me tight in the month of June if Nationwide take their DD (due soon).
Was this to be expected?
If the NRAM mortgage has not yet been redeemed, who is liable for the interest on the account.
Thanks in advance.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.8K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.4K Mortgages, Homes & Bills
- 178.2K Life & Family
- 261K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards