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First mortgage payment

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Hi all, 

I'm a FTB. We completed on Thursday last week, and I've since received a letter (and text) from my mortgage provider noting that my first mortgage payment will be debited on 8th May (and that it will be the normal amount). I'm a little surprised that it isn't going to start coming out in April. Is this normal? I certainly won't complain if this is the case, because I have another rent payment to make, but I'm a bit curious!

Thanks!

Comments

  • Depends on your lender.  Some lenders need a clear 28 days before mortgage due date before debitting, if they dont get it then they wait until the month after.  Some will be a normal payment, some will be a pretty big payment to account for the extra time.  

    So yes its normal, but everyone does it differently
  • aestivus
    aestivus Posts: 39 Forumite
    Sixth Anniversary 10 Posts
    Good to know, thanks!
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