when do bills etc come out?
Discussion
Im moving out next year and i have a mortgage arranged etc.
Im wondering what my expenses will be like for the month i move in.
Does your mortgage come out your account the day you move in or can you arrange it for a month after etc?
Also with electricity/gas/council tax when does that come out? Can you choose when?
Im wondering what my expenses will be like for the month i move in.
Does your mortgage come out your account the day you move in or can you arrange it for a month after etc?
Also with electricity/gas/council tax when does that come out? Can you choose when?
Mortgage - not sure still planning that for myself.
Council tax - depends, my council will only take on the 1st, some will take at different times of the month.
Bills - Whenever you set them to.
It is also worth overpaying you Gas and Electric a little each month. If bills go up you have it covered, if you build up a surplus of credit they drop it back into your account as a nice surprise lump sum.
Good Luck.
Council tax - depends, my council will only take on the 1st, some will take at different times of the month.
Bills - Whenever you set them to.
It is also worth overpaying you Gas and Electric a little each month. If bills go up you have it covered, if you build up a surplus of credit they drop it back into your account as a nice surprise lump sum.
Good Luck.
New mortage first payment normally one month from completeion IIRC.
Council tax is ten months only and nearly always first of the month.
Everything else is adjustable on payment date.
Get yourself a decent money management bit of software, makes things very clear and simple to keep track/budget.
Council tax is ten months only and nearly always first of the month.
Everything else is adjustable on payment date.
Get yourself a decent money management bit of software, makes things very clear and simple to keep track/budget.
We asked for our mortgage to go out the day after we were paid at the time. I do recall getting a very nice surprise with our first one from the Nationwide in that it went a month later than expected.
With Council Tax, we are allowed to say when it goes during a month here in Wiltshire. It gets taken April - february.
As for our power and water well we pay by direct debit and it goes when we want it to.
With Council Tax, we are allowed to say when it goes during a month here in Wiltshire. It gets taken April - february.
As for our power and water well we pay by direct debit and it goes when we want it to.
jamie128 said:
Im moving out next year and i have a mortgage arranged etc.
Im wondering what my expenses will be like for the month i move in.
Does your mortgage come out your account the day you move in or can you arrange it for a month after etc?
Also with electricity/gas/council tax when does that come out? Can you choose when?
Im wondering what my expenses will be like for the month i move in.
Does your mortgage come out your account the day you move in or can you arrange it for a month after etc?
Also with electricity/gas/council tax when does that come out? Can you choose when?
Question. How have you arranged a mortgage for next year. An agreement in principle only usually lasts 3-6 months?
jamie128 said:
I havent arranged it persay, just had an example for next year when i can afford to move out, spoke to a financial advisor etc.
When and how you pay your gas and electricity bills is down to you. Some people pay these bills by a single bank/cheque payment after the bill has arrived in the post. That is now a very "old fashioned" way of doing things. What's more. most power supply companies will charge their customer more if they pay this way.Most people pay these days by monthly direct debit as the power companies prefer this and will give you a discount on the actual amount charged.
In this situation, the bills are still sent out quarterly (i.e. every three months) but the power company collects a fixed amount each month and offsets the ditrect debit amounts against the total of the gas/electricity used in the quarter. The bill will usually show either an underpaid amount or an overpayment amount - depending on the time of the year. Obviously, in winter, there often tends to be an underpaid balance on each bill and in summer there tends to be an overpaid balance.
If the underpaid amount becomes too excessive, the power company will usually increase the direct debit amount for future bills. On rare occasions they will ask for a lump sum payment to bring things into line
You need to watch out for this, especially if it is a long time since the meters have been read properly. To save costs, bills are sometimes issued based on estimated power useage. These are not always very accurately done and it can cause problems when the true useage is eventually ascertained.
You can always read your own meters and notify the power company if necessary.
I would never allow more than two consecutive bills to be based on estimates - especially in the winter.
It's "per se" by the way (it's Latin, not English)
.It means "in itself".
Aren't mortgage offers only good for a couple of months - you've got one sorted for next year already?
We've just moved and our first mortgage payment was on the first payment data after we moved in (3 weeks after moving in) and only covered the interest for those first three weeks (i.e no capital part)
We've just moved and our first mortgage payment was on the first payment data after we moved in (3 weeks after moving in) and only covered the interest for those first three weeks (i.e no capital part)
jamie128 said:
Turn7 said:
Yep, initial interest payments can be a bugger...
eh whats this about? i have to pay more monthly when i first move in? that makes no sense?Say for example you move in tomorrow (20/2/12) and pay your mortgage on 1/3/12.
Your first month's mortgage could be for the 9 days interest until the end of Feb, on top of March's usual amount.
HTH
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