Refund from old lender when switching?
in Mortgages & endowments
4 replies 121 views
Is it normal to get a refund from your old mortgage lender direct into your bank account (where direct debit for mortgage came out of) when switching? I moved from Leeds to TSB and it went through last week and today I got a credit for several hundred into my main bank account, seemingly from myself. I was puzzled as I know I hadn't paid anything into my account and I spoke to my bank and they checked the sode code of the originating account, which was under my name and it was Leeds Building Society. Is this fairly common when switching? I had assumed when the switch happened the lawyer would have paid the exact balance owing to Leeds?
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