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Mortgage end of term date - how long to pay?

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Hi, can anyone please help with my question? My mortgage ends in mid April. I will just about have the funds to settle it. However, for cash flow reasons, I won't be able to make the payment until 7-10 days after the end of term date. In normal circumstances, can I just do that without asking the mortgage company first or getting them on my back? 

Please don't suggest I contact them in advance and ask for permission or an extension or whatever - I really don't want to do that, for various reasons I won't go into. I'd much rather just get the redemption statement and then help myself to that few extra days before paying it. I don't want to get into any aggro for it. I don't mind if at worst they just hit me with the extra interest for that short time between end of term and my payment. 

Will I be OK to do as above?

Thanks.

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    They may hit you with other charges besides interest. Mid month is a strange time for a mortgage term to end. Normally end of month as this is when interest is calculated. 
  • dimbo61
    dimbo61 Posts: 13,727 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    They will write to you asking for payment of the outstanding mortgage ?
    If you don't pay on or before the date you will incur more interest.
    I guess that it will take more than a few days for your lender to take any action.
    It you have a figure from the lender and pay that a week late they will bill you later for the owed interest.
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