09/06/2026
Why is your first mortgage payment higher than expected?
It is one of the most common questions we get asked, and it catches a lot of people off guard. You’ve just completed on your new home and the excitement is real. As your mortgage broker, we’ll always make sure you know what to expect before completion day, including any potential increase in your payment. However, this is still one of the most common questions we’re asked
We have written a full explainer on our Mortgage Insights page, head over to the Mortgage Advice Brokerage website to read in full.
https://www.mortgageadvicebrokerage.co.uk/mortgage-insights/why-is-my-first-mortgage-payment-higher/
Your home may be repossessed if you do not keep up repayments on your mortgage.