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solve an argument
andys15
Posts: 1,102 Forumite
Hi I am in the process of purchasing the house I am currently renting and the wife and I are in disagreement about mortgage/rent.
Our contract expires on 21st june, and we are hoping that we will have completed on the 22nd June. In terms of the rent, because we paid a month in advance our last rent payment is the 18th May, I then believe that our 1st mortgage payment will be the 22nd ish July as I believed that we will always be a month in arrears on the mortgage. My wife believes that the mortgage payment will be in June just after we complete. Who is right.
Our contract expires on 21st june, and we are hoping that we will have completed on the 22nd June. In terms of the rent, because we paid a month in advance our last rent payment is the 18th May, I then believe that our 1st mortgage payment will be the 22nd ish July as I believed that we will always be a month in arrears on the mortgage. My wife believes that the mortgage payment will be in June just after we complete. Who is right.
Debt free. March 2020
Mortgage free-August 2021
Planned retirement date- 19/5/2026
£29500 saved. Target £420000(19/05/2026)
Mortgage free-August 2021
Planned retirement date- 19/5/2026
£29500 saved. Target £420000(19/05/2026)
0
Comments
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Depends on the mortgage product and the lender as to how they want the mortgage paying. Don't be surprised if they, say, want a part payment on the 1st July or a month and a bit on 1st August.A house isn't a home without a cat.
Those are my principles. If you don't like them, I have others.
I have writer's block - I can't begin to tell you about it.
You told me again you preferred handsome men but for me you would make an exception.
It's a recession when your neighbour loses his job; it's a depression when you lose yours.0 -
Your wife is right. The mortgage payment might be anytime in June, July or August, but when it's taken, she'll be able to explain to you how and why she was and is right.0
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most lenders seem to want paying in advance these days. Some have all their mortgages paid on the first of the month, and so you could be asked to pay either the pro-rata till the end of the first month, or, a full month plus the pro rate amount immediately you complete.0
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