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.
📨 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!
nationwide 1st mortgage payment

peppapig14
Posts: 266 Forumite

due to exchange and complete on 10th May, and suggestions when my 1st mortgage payment would be debited - ie May or June ( I believe it will be higher than normal monthly amount as it will also include from the 10th to end of the month )
0
Comments
-
Isn't it explained in your mortgage offer? Most lenders make it a larger than normal payment on the second payment day after completion.
0 -
Your get a letter after completion saying how much your first payment is.
We completed December 4th had a letter a week or 2 after for first payment Jan 1st 450ish more than normal paymentMortgage 165,065/183,000
Credit card cleared Oct 20240 -
I completed with Nationwide on 25/03 and my first mortgage payment was taken on 9th April, approx £71 more than my agreed monthly payment.My second mortgage payment will be taken on 1st May.0
-
It will be detailed in your T&C's as to when they will take the first payment and how it will be calculated. Unfortunately, it won't say how much as the T&C's are standard for everyone taking that product.
There will be enough information for you to do a rough calculation.Mortgage started 2020, aiming to clear 31/12/2029.0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards