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DMP and mortgage break?
tasha999
Posts: 158 Forumite
We are currently in a DMP with CCCS, I am just wondering if would be able to have a mortgage payment break (the CCCS advisor said we should save them for if we're in difficulty) We have a together mortgage with Northern Rock.
We have a holiday booked and paid for (pre-lightbulb moment) and planned to use a payment break to help towards the spending money.
My other problem is a charging order than NR loans are trying to obtain. (the hearing is next week) Will this effect the availability of a break if the CO is granted?
I'd like to get at least this one holiday in, it'll be the last abroad for about 6years! (till we're debtfree anyway!)
We have a holiday booked and paid for (pre-lightbulb moment) and planned to use a payment break to help towards the spending money.
My other problem is a charging order than NR loans are trying to obtain. (the hearing is next week) Will this effect the availability of a break if the CO is granted?
I'd like to get at least this one holiday in, it'll be the last abroad for about 6years! (till we're debtfree anyway!)
Life is like a camera... Focus on what's important, Capture the good times, Develop from the negatives, and if things don't work out Take another shot.
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Comments
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Any advice greatly appreciated!Life is like a camera... Focus on what's important, Capture the good times, Develop from the negatives, and if things don't work out Take another shot.0
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We are currently in a DMP with CCCS, I am just wondering if would be able to have a mortgage payment break (the CCCS advisor said we should save them for if we're in difficulty) We have a together mortgage with Northern Rock.
We have a holiday booked and paid for (pre-lightbulb moment) and planned to use a payment break to help towards the spending money.
My other problem is a charging order than NR loans are trying to obtain. (the hearing is next week) Will this effect the availability of a break if the CO is granted?
I'd like to get at least this one holiday in, it'll be the last abroad for about 6years! (till we're debtfree anyway!)
Hi,
i would imagine if you are on a DMP then they wont allow you to take a payment holiday. Im struggling money wise at the mo and when i rang our lender (halifax) about a break they wouldnt do it as with the house prices dropping we are in negative equity, so if we took a break, it would be more they could lose out on IYSWIM. but i dont know, perhaps NR will be diff.
I cant help on the CO part.
HTHPlease be nice to all moneysavers!
Dance like nobody's watching; love like you've never been hurt. Sing like nobody's listening; live like it's heaven on earth."
Big big thanks to Niddy, sorely missed from these boards..best cybersupport ever!!0 -
Call NR, they will tell you if you can take a payment holiday. If the mortgage initially allowed payment holidays then probably, though the CO may throw that up in the air.
If they say no, cancel the holiday I guess.0
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