We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
What time of month to complete
cjrobinson90
Posts: 5 Forumite
We are currently going through a mortgage application with NatWest. I am looking for some advice as to when is the best time of the month to complete. We are looking at setting our direct debits to the first day of the month, so would it be better to complete on the last day of the month before? How does this affect mortgage payments? Any help would be appreciated.
0
Comments
-
Complete when it suits you, ie current accommodation check out or existing sale dates.
You can ask the lender to take the payment on the first of the month, they will let you know the first payment (which will take into account a short or long month worth of interest) and subsequent payments.0 -
Thanks, I don't suppose you would know specifically if this first payment would be scheduled in arrears or in advance of the first full month, plus the interest accruing?0
-
Ask the lender.
With HSBC - i completed in November, the first payment was January which included interest from November, plus Decembers capital and interest payment.0 -
Okay great, thanks to both for your help.0
-
10:27 AM xxxxxxx0
-
Not on a Friday.0
-
Don't complete on a Friday. You can't fix any problems with the completion on a Saturday.0
-
Agree with not completing on a Friday.. I like a Monday or Tuesday ..wednesday at a push.
To have all your worldly goods in limbo if something goes wrong will make it the longest weekend ever , also I'd advise not to exchange and complete on the same day0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards