Will I get a refund of some of my mortgage payment?

Ames1983

Ive exchanged contracts on the sale of our home and purchase of another and am due to complete next Monday.
Today I’ve had the breakdown of costs from the solicitor. In the breakdown they’ve included the mortgage redemption for the sale of our property.
This is approx £200 more than what our current mortgage stands at due to payments since processing etc.
When we complete we are taking out a new mortgage with a new lender.
So my question is, will my current mortgage lender refund me the difference once the new mortgage kicks in!?
Does that make sense? This is my first time of selling and purchasing so it’s all new to me!

Thank you in advance,
Amy

Typhoon2000

Yes they will.

Thrugelmir

Solicitor needs to ensure that they have sufficient funds to effect completion. They'll work on conservative figures. Any monies in excess will be refunded to you. Solicitors are required to keep client funds separate from their own.

aquiece27

Remortgage Overlap Refund.

I have just remortgaged with Nationwide from Newcastle, the new mortgage with Nationwide completes on 6th May. I have recieved the redemption certificate from Newcastle which includes payment made from January 1st to April 1st.
However, Newcastle will also be taking payment for £872 on 1st May on SVR, the fixed rate previously was £600, despite the new mortgage with Nationwide starting on the 6th.
Is there anything I can do to stop this payment or do I have to pay the old lender and then claim a refund? Or can the redemption certificate be updated? 
Or what else can I do? 
Originally it was meant to complete the 1st of May but corona has caused delay, hence this issue. 
Thanks in advance. 

blue_max_3

When I sold, I eventually got a refund from the mortgage company for a payment that had gone out during the process. You won't pay more than you actually owe.