We move to a new house at the end of the week. DP asked for mortgage payment to start on 1st of the month.The offer of loan details repayment figures which were as we expected. it also states 'interest charged in month of advance payable with first full monthly payment'. It is almost as much again as the monthly mortgage payment, all to go out on 1st October, we think, it's not clear. We have tried calling the building society to check what it is for but it is shut. I don't remember having to pay any additional interest charges at the beginning of my other mortgages but DP reckons its standard? any one know what it is for? TIA
Please or to access all these features
Please
or
to access all these features
Join our Property forum for renovation, DIY, and house selling advice.
Property/DIY
Additional interest payment at start of new mortgage?
10 replies
yawningbear · 24/09/2012 18:40
OP posts:
Please create an account
To comment on this thread you need to create a Mumsnet account.