Evening all,
Just a quick question to anyone who has completed a house purchase with a First Direct mortgage recently.
I'm trying to budget for the months around the purchase and want to get a handle on the first couple of mortgage payments.
We are aiming to complete around the 12th April and have asked for 1st of the month to be our payment date.
In my mind on 1 May we'd pay interest from 12th April to 30th April as well as our payment for May.
I spoke with FD earlier however and they said they wouldn't be able to take a payment on 1 May so the first payment would be 1 June and would only be for our standard monthly amount.
This doesn't sound right however the lady reassured me it was and she even put me on hold whilst she confirmed with the relevant department.
Is anybody able to shed some light on this, specifically relating to First Direct?
Just a quick question to anyone who has completed a house purchase with a First Direct mortgage recently.
I'm trying to budget for the months around the purchase and want to get a handle on the first couple of mortgage payments.
We are aiming to complete around the 12th April and have asked for 1st of the month to be our payment date.
In my mind on 1 May we'd pay interest from 12th April to 30th April as well as our payment for May.
I spoke with FD earlier however and they said they wouldn't be able to take a payment on 1 May so the first payment would be 1 June and would only be for our standard monthly amount.
This doesn't sound right however the lady reassured me it was and she even put me on hold whilst she confirmed with the relevant department.
Is anybody able to shed some light on this, specifically relating to First Direct?