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Principality - anyone know if the first mortgage payment includes interest for the period since completion

(1 Post)
PogoBob Tue 25-Sep-12 15:20:43

Not sure if my title makes sense or not!

In the process of buying a property, have applied for a mortgage with Principality. We could complete earlish November (no chain - seller wants to move quicker) with the first mortgage payment coming out on 1st December.

When I bought my last place the first mortgage payment was just the standard amount but I understand that some places add the interest due between the completion date and the first payment to that first payment.

Do any of you know if Principality do this? I know the mortgage offer will say so but we could be looking at an additional 25 or so days of interest to pay just before Christmas so would be helpful to budget sooner rather than later.


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