We should be moving in July, paying off current mortgage with the sale and new mortgage taken our on the new property.
It's been so long since we moved and even then we ported our mortgage so I cant remember how the first payment works? I know the first month we pay a bigger amount, £1600 rather than a £1000 or something like that.
What I'm wondering is when do we pay it?
Say we move the 9th of sept and our mortgage payment is due to come out the 15th of each month, do we pay the £1600 on the 15th of Sept or 15th of October?
Does anyone have any idea, I cant seem to make logic of it from the paperwork we have or the Internet!
Thanks in advance.