#### steviebwoy

##### Well-known Member

Hi all,

I wasn't really sure where to put this thread, and am only a member of AV Forums, so thought I'd ask you kind folk if you could help.

My girlfriend and I are buying a house, we've exchanged today and it's all going through through Nationwide. Our monthly mortgage payment was quoted to us as £816.44 (ouch).

We're due to complete on the 2nd of August, and we were just checking through our Mortgage Offer and noticed that our first month's mortgage payment is a whopping £1531.21!

When we signed up, I do remember the chap at Nationwide saying that our first payment would be high as we'd be paying interest on the advance from the time it was advanced until our first payment date. I think I would have listened a lot more intently had I have known it would be £700-odd we'd be forking out!

My question is simply (and I know I could wait until the morning to ask Nationwide myself - I'm just trying to avoid a sleepless night!), does this mean that we basically won't be paying anything in August but that in September's payment we'll essentially be paying for two months? Hence the outrageously high amount..?

Thanks in advance for any help

I wasn't really sure where to put this thread, and am only a member of AV Forums, so thought I'd ask you kind folk if you could help.

My girlfriend and I are buying a house, we've exchanged today and it's all going through through Nationwide. Our monthly mortgage payment was quoted to us as £816.44 (ouch).

We're due to complete on the 2nd of August, and we were just checking through our Mortgage Offer and noticed that our first month's mortgage payment is a whopping £1531.21!

When we signed up, I do remember the chap at Nationwide saying that our first payment would be high as we'd be paying interest on the advance from the time it was advanced until our first payment date. I think I would have listened a lot more intently had I have known it would be £700-odd we'd be forking out!

My question is simply (and I know I could wait until the morning to ask Nationwide myself - I'm just trying to avoid a sleepless night!), does this mean that we basically won't be paying anything in August but that in September's payment we'll essentially be paying for two months? Hence the outrageously high amount..?

Thanks in advance for any help

Cornish since 1978.