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EGG mortgage: late direct-debit payment.
cashflow
Posts: 65 Forumite
I use a direct debit for my EGG mortgage - deductions are made on the 30th of each month. Recently two cheques which I had deposited into my bank account were only cleared on the 31st. I contacted EGG during the morning of the 31st, to ask them to now reclaim the money. I was subsequently informed that they would collect the payment within 10 working days. Can any reader tell me whether this 10 day delay in reclaiming is the standard in the mortgage industry or not, please?
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