Worriedman
Registered User
- Messages
- 27
I'm in arrears because of a few unexpected bills they said If I can't clear the arrears soon I have to fill out financial statement and they will see about adding it onto end of mortgage. Could they just do this without filling out statement. The financial statement side feels like I'm applying for mortgage all over again and I don't want thatWhy are you in arrears?
The lenders are generally easy to deal with. They will probably extend the term for you and capitalise the arrears.
If you don't want to fill in the form send in a letter explaining the situation in full. Tell them when you will have the arrears cleared or ask them to capitalise the arrears.
Brendan
If i fill out the financial statement they said they may put the 2 missed payments to the end of the mortgage life and extend it by 2 months. Im worried if i fill out the fin statement can they ask me to sell my home over 2 missed payments? I have kept paying full payments since gouing into arrears its just im 2 behind?Hi Worried Man
Why not provide the information as Elcato suggested?
You should be able to cope with unexpected bills. If you have an uncomfortable mortgage, your lender will probably reschedule it for you and you can build up a small pot for unexpected bills. If it takes filling out a few forms, it's well worth it.
Brendan
The reason I dont want to fill out the financial statement is because they want 3 months bank statements and my bank account is littered with paddy power and im afraid they wont do anything for me to help clear the arrears. Has anybody got any suggestions to help me? thanksThe form I suggested is purely a form for this website not the same as the bank. I think there's some confusion. Filling it out here would allow us to make suggestions in the long term to stop any arrears again. You will have to ask your bank whether they are willing to add it to the arrears. For now I would try and pay it as soon as you can but don't forget that there is interest on the arreas as well which may not be much but would need to be addressed. Unless you can pay the whole two months and the extra small interest I think the bank will keep insisting on the forms to be filled out. If you fill out the statement on this site we may be able to assist you to divert some money towards paying the arrears quicker and stopping this happening again.
The reason I dont want to fill out the financial statement is because they want 3 months bank statements and my bank account is littered with paddy power and im afraid they wont do anything for me to help clear the arrears. Has anybody got any suggestions to help me? thanks
Good call. It can be difficult to maintain so it might be worth investigating what supports are available to help and availing of those.Thanks for replys. without doubt gambling is the main reason why I have got into arrears. Because of this only recently I have quit gambling.
They said they need 3 months bank statements together with the financial statement in order to see what resolution they can come up with. Im sure they will give me a resolution and let me continue to pay my mortgage in full its just this is my first and hopefully my last experience of this and im worried and looking for others advice. thanksI would send them in anyway. However, if you really are that worried why not ignore/stall them for three months and then send in the statements which have no record of the gambling site.
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