First Mortgage

FanBot

Hi Everyone. I've just bought my first flat

I was due to complete on 1st December 2017 however by 28th November it was clear this wasn't going to happen. It was delayed by a couple of weeks. I signed mortgage papers at the solicitors on 4th December and I completed on 14th December.

Yesterday my first payment came out my account. I thought this was odd as I was supposed to pay the first payment until 1st Feb (1st of the month, following the first full month of owning the flat). I called up Scottish Widows and they said my solicitor requested the funds on 1st December and that's why I've made my first payment.

So a couple of things:
1) Has this cost me anything? All I can see is that I will have started paying my mortgage back a month earlier than I planned to which I guess isn't a bad thing.
2) Am I entitled to any interest the solicitor has earnt in the 14 days they had the money
3) Are they allowed to request the mortgage funds before I've signed the mortgage papers?

Many thanks!
(BWT, I'm in Scotland -just in case that makes a difference)

amnblog

All questions for your solicitors.

We cannot be sure about the circumstances here so any advice on the forum is conjecture.

We do know that Scottish Widows will start charging interest as soon as they have paid out the funds.