income and expenditure form

snookey

Hi is it a good idea for me to send an income and expenditure form into the mortgage company. Only asking as Iv made an offer of repayment on my mortgage debt which is included on the form.

Hannah_10

What is the situation?

snookey

Hi we owe 2000.00 on the mortgage debt . Most of this is made up of bank charges by them . Partner had been in charge of the payments due to me being ill, and had got into a muddle. We are both on incapacity and dla and have two children.
I spoke with the mortgage and they wanted an income and expenditure form filling out and the offer of repayment off the debt which I agreed to. Iv done the form and was going to post tommorrow but was just woundering if it was a good idea to allow them this sort of information . It sounds daft as we have filled them out in the past with their financial debt advisor which we were charged 75.00 for.They also want evidence of benefits. We do get help with mortgage payments from dwp so they know we are in receipt of benefits.

snookey

Iv read my post back to myself I think Im just being paranoid. Lets face it they have our details already on file.

Hannah_10

They charged you how much to help you with a form? :eek: In future approach these people for help with debt related forms instead http://www.nationaldebtline.co.uk/

There is no rule that says you have to provide inc/exp details. You don't have to provide a SOA or a form if you don't want to. Being on means tested benefits means that you live on what the law says you need, no more. If you don't want to provide the form then don't.

If they wont allow you to repay at a rate you can afford without the form then they are being obstructive and you can be just as stubborn back. Basically you would just send the payments anyway (a letter by signed for post with a postal order) or you would set up a standing order to cover the payments (your bank will help you do that). They can't return the money you pay even if they tell you it's not good enough by phone/letter, they still have to keep anything you give them, so really, it doesn't matter whther they agree or not. If that's what you can pay, pay that.

snookey

Hi Hannah thanks for the help. The bank send out the debt advisor if you go over a certain amount of debt. We have not had a say in this as its arranged by them.
One of the reasons oh was getting into debt was that his money was paid at different times to when the mortgage was due and he was told that they would not change the due date. Also dwp paid on a different date and would not budge. Anyway the charges mounted up for late payment and oh was agreeing to pay all of his income to try and catch up. Hence a big mess.
When I phoned them the lady in the bank said she could change the date to coincide with when our money is due, so it seems the person oh dealt with was talking rubbish.Its a pity Id been ill or things might have different .
Now I know that I dont need to send the form in Ill just send a recorded letter in stating my offer of payment. We are expecting some help soon from the navy so hopefully we can put an end to this debt.

Tixy

You don't have to legally send them the form, but when you have arrears on a mortgage you want to keep the mortgage company onside and do not want them to take action against you. Protecting your house should be the first priority.
As you say they already have the information on the form I would say it wouldn't hurt to send back the form and may help keep them 'on side'.