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Missing a Mortgage payment

tottenhamgirl
tottenhamgirl Posts: 37 Forumite
in Mortgage-free wannabe
I am not going to be able to pay my mortgage payment this month its due on the 12th i have my mortgage with Abbey i have missed one payment about 7 months ago and they added onto the term i am worried about missing this months payment and what will happen.

Any advise would be appricated

Comments

  • SmileyG_2
    SmileyG_2 Posts: 359 Forumite
    tottenhamgirl wrote: »
    I am not going to be able to pay my mortgage payment this month its due on the 12th i have my mortgage with Abbey i have missed one payment about 7 months ago and they added onto the term i am worried about missing this months payment and what will happen.

    Any advise would be appricated

    Can you offer to pay anything at all?

    SmileyG
    Target acheived: _party_ Mortgage offset in June 2012!_party_
    Mortgage = -£98
    Endowment = £0
    Investments = £40,247
    [STRIKE]Deficit[/STRIKE] / Surplus = £40,149(at 22/09/2017)
    "Don't spend then save, save then spend!"
  • tottenhamgirl
    tottenhamgirl Posts: 37 Forumite
    SmileyG wrote: »
    Can you offer to pay anything at all?

    SmileyG

    around £50
  • SmileyG_2
    SmileyG_2 Posts: 359 Forumite
    I would suggest you make some payment this month, even if its not the full amount. A missed payment is likely to do more damage to your credit rating than an underpayment.

    I don't need to know why you can't make a mortgage payment, but we all have the occassional crisis.

    Does anyone else agree?
    Target acheived: _party_ Mortgage offset in June 2012!_party_
    Mortgage = -£98
    Endowment = £0
    Investments = £40,247
    [STRIKE]Deficit[/STRIKE] / Surplus = £40,149(at 22/09/2017)
    "Don't spend then save, save then spend!"
  • WestonDave
    WestonDave Posts: 5,154 Forumite
    Rampant Recycler
    Most important thing to do is communicate with them - a pre advised one off crisis where you have paid as much as you can, is a lot less worrying to a lender than a sudden unexplained totally missing payment. Lenders aren't daft, they know people are getting laid off, hours cut etc but you really must keep them informed.
    Adventure before Dementia!
  • Jonbvn
    Jonbvn Posts: 5,562 Forumite
    Part of the Furniture 1,000 Posts
    tottenhamgirl wrote: »
    I am not going to be able to pay my mortgage payment this month its due on the 12th i have my mortgage with Abbey i have missed one payment about 7 months ago and they added onto the term i am worried about missing this months payment and what will happen.

    Any advise would be appricated

    Given that you are clearly in difficult financial straits it might be wise to post over on the DFW board. Post your SOA and people over there will help you cut back on numerous bills etc.

    Whatever you do, make sure you do not ignore the problem, and maintain regular communication with your lender.
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
  • EssexHebridean
    EssexHebridean Posts: 25,896 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Nothing specific to add tottenhamgirl, just wanted to wish you luck and say that I hope things gets sorted for you.
    🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
    Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
    Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
    £100k barrier broken 1/4/25
    Balance as at 31/08/25 = £ 95,450.00. Balance as at 31/12/25 = £ 91,100.00
    SOA CALCULATOR (for DFW newbies): SOA Calculator
    she/her
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