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    • SunshineLondon
    • By SunshineLondon 11th Jan 18, 11:41 PM
    • 9Posts
    • 2Thanks
    mortgage surplus
    • #1
    • 11th Jan 18, 11:41 PM
    mortgage surplus 11th Jan 18 at 11:41 PM
    hi everyone

    quick question - we have had our offer through but there was couple of things I just wanted to ask

    we will have a surplus once existing mortgage is redeemed - the mortgage questionnaire I filled our for Enact says that the payment of surplus will be by electronic money transfer - is the same as Faster Payment/BACS? my account is a standard current account which my salary goes into so I assume this will be ok?

    secondly - we have a condition in the offer which states' it is your responsibility to repay any borrowing which is being consolidated as part of this transaction' - so will Enact ask us for proof? or just expect us to do it?

    thanks for any help!
Page 1
    • pramsay13
    • By pramsay13 12th Jan 18, 12:33 AM
    • 388 Posts
    • 843 Thanks
    • #2
    • 12th Jan 18, 12:33 AM
    • #2
    • 12th Jan 18, 12:33 AM
    firstly your current account is fine.
    secondly i don't have experience of enact but I haven't been asked for proof before.
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