We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
We're aware that some users are currently experiencing errors on the Forum. Our tech team is working to resolve the issue. Thanks for your patience.
What is an Affidavit?!
west0504
Posts: 20 Forumite
Hello everyone apologies if this is not in the correct place 
As said above I am just wondering what an Affidavit Fee is?
I have a mortgage with Northern Rock/ NRAM(?????) in which I am several months in arrears, (some people may remember I have posted previously regarding being repossesed and a possible Mortgage Rescue)
ANyway to cut a long story short, the MR fell through and we were given another chance as long as we agreed to pay an extra £50 a month towards the arrears as well as the full payment.
This was made easier my NRAM by agreeing to weekly payments and my partner taking a promotion and extra shifts at work and cutting back etc etc...
So is it really necessary for the Mortgage company to charge a £30 Affidavit Fee as well as the £25 Arrears fee?
Seems completley pointless as we're only paying the minimum interest at the moment and a month down the line we're still getting deeper and deeper into arrears
Just looked up Affidavit fee on Google and this is what I found. Could it be the agreement they set up in court for payments..?
Affidavit swear fee
Charged when a mortgage lender is required to swear an affidavit (written legal statement) to a solicitor in connection with mortgage arrears.Affidavit swear fee
Charged when a mortgage lender is required to swear an affidavit (written legal statement) to a solicitor in connection with mortgage arrears.
Thanks in advance
Leigh
As said above I am just wondering what an Affidavit Fee is?
I have a mortgage with Northern Rock/ NRAM(?????) in which I am several months in arrears, (some people may remember I have posted previously regarding being repossesed and a possible Mortgage Rescue)
ANyway to cut a long story short, the MR fell through and we were given another chance as long as we agreed to pay an extra £50 a month towards the arrears as well as the full payment.
This was made easier my NRAM by agreeing to weekly payments and my partner taking a promotion and extra shifts at work and cutting back etc etc...
So is it really necessary for the Mortgage company to charge a £30 Affidavit Fee as well as the £25 Arrears fee?
Seems completley pointless as we're only paying the minimum interest at the moment and a month down the line we're still getting deeper and deeper into arrears
Just looked up Affidavit fee on Google and this is what I found. Could it be the agreement they set up in court for payments..?
Affidavit swear fee
Charged when a mortgage lender is required to swear an affidavit (written legal statement) to a solicitor in connection with mortgage arrears.Affidavit swear fee
Charged when a mortgage lender is required to swear an affidavit (written legal statement) to a solicitor in connection with mortgage arrears.
Thanks in advance
Leigh
0
Comments
-
might be worth asking on the mortgage board as well to see if this fee was really necessary?0
-
Hi thanks for your reply
I have just got off the phone to them now and they have assured me that as long as I stick to my new arrangment of weekly payments then the arrears charges will stop :T
And as for the Affidavit Fee's... they were just two one off payments for the securement of arrangments that were made in court... or something haha
Anyway thanks for looking I feel much better now my first payment is done and I've even set up a standing order so I have no excuse
...just little steps but feel so much better 0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.5K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.4K Work, Benefits & Business
- 604.2K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards