If you have any questions about cancelling your mortgage direct debit, watch this video:
When should you cancel your direct debit with your current lender during a remortgage or house move? It’s crucial not to cancel your direct debit until you receive confirmation from your solicitor that completion has occurred. Your current lender might still debit your usual mortgage payment on completion day, but rest assured, this will be refunded to you promptly.
Cancelling your direct debit prematurely could lead to your lender being unable to process the payment, potentially impacting your credit rating negatively.
Lincoln mortgage broker Colin Baxter and his team are passionate about helping clients with mortgages and protection. You can see all of our Google Reviews on our Google Business Page but we’ve listed some across our website.
We also regularly post pictures of cards, cakes and gifts given to us by clients on our social media channels. Testament to the hard work of Colin and our team, the business was originally set up by Colin and his business partner Julie Ashley in 2011. Julie has since retired but Colin and the team are on hand to support with client enquiries.
Colin and the team are always committed to maintaining our high standards.
Mortgages In Lincoln Ltd is an appointed representative of Quilter Mortgage Planning Limited which is authorised and regulated by the Financial Conduct Authority. Registered as a Company in England & Wales No. 07694495 Registered Office: 4 Henley Way, Doddington Road, Lincoln, LN6 3QR. The guidance and/or Information contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH REPAYMENTS ON YOUR MORTGAGE
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