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2 mortgage payments

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Hi,
We have just completed on our new house on the 27th of October,is it normal to pay both the last mortgage payment on our old mortgage and the first payment on our new mortgage within a few weeks? It's just we have to pay a combined total of £1300 which is a stretch.
Thanks for any help

Comments

  • Yes. .
  • kingstreet
    kingstreet Posts: 39,256 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    The redemption statement provided to your solicitor will normally state a last payment date for your old mortgage on which the redemption figure is based. If it was before the latest payment was due/made, that payment will be refunded to the account from which it was made.

    On the first payment on the new mortgage, you are reliant on the lender confirming the amount/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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