LMS Track My Case - Tesco Mortgage, Help!

FungalCow

Edi81 wrote: »

once The legal work has been done Tesco will ask for a final settlement figure from Natwest for a date in the future (approx one week away).

Tesco will send that amount to Natwest and the remaining funds will be sent to you via the solicitor. You are then free to do what would want with the cash. If you wish to make a repayment to your mortgage wait until you get the letter from Tesco with account number and bank details and make your overpayment.

It is pretty much impossible to apply for a mortgage and get exactly the correct amount to settle the existing one. Don’t worry about it.

leew wrote: »

Hi FungalCow,

That makes sense, I hope Tesco do that but its probably likely they won't as thier Law firm mentions they transfer the surplus for a £30 fee.

No biggie really though.

HSBC are probably in the very small minority in how they do this. You will probably be sent the difference for £30 and you can pay it back into the mortgage if you want. There used to be an option to get a cheque for free but havent seen that on forms recently

Raging_Bull

Just a word of warning, that I've found LMS to be incredibly slow sorting out my remortgage and replying to emails/letters etc.