You can choose your payment date. Some homeowners like to align their mortgage payment with their payday, but it's entirely up to you. The payment date chosen will need to be from the 1st - 28th of the month.

Your first payment

Your first payment will be 7 working days after your mortgage completes, or your preferred payment date, whichever is later.

You can choose your first payment date to be up to one month after your completion day (the day the property becomes yours, legally).

For example, if you complete on 12 September, you will need to select a payment date between 12 September and 11 October.

Payment Date vs Due Date

You choose your payment date. If you would like to adjust this, please reach out to us via email or live chat.

Your mortgage due date is determined by when you complete your property purchase. If you complete on 12th September, your payment due date falls on the 12th of the month (your first due date would be 12th October).

It is worth noting that payments will be accounted for on your due date. This allows for flexibility with each paying applicant choosing a payment date that suits them.

Although it will show on your annual statement as added on the due date, as soon as we receive the payment it will go against your account, reducing your balance. That means you will pay interest on a smaller loan balance from when that payment is received. For example, if you wish to pay on the 1st of every month, and your income booster prefers to pay on the 10th of every month, they can do so. We will then add both payments to show in your annual statement on your due date (in this example, the payments would be dated the 12th of the month).

To learn more about how much your first mortgage payment will be, please click here.

Please note:

Your monthly payment can take up to 5 working days after your payment date to be collected from your bank account.

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