Pay off someone else's mortgage without their help?

sophiewophie

Hello,

i hope someone can help me with this query. I want to pay off the remainder of my mother's mortgage wihout her knowledge - well until after the event - as she would not allow me to I am sure.

I know it is with A&L, and I know roughly how much it is. Does anyone have any idea how I would do this?

Many thanks!

Sophie

Ian_W

With great difficulty I would think!!

Your mothers financial dealings with her lender should attract a fairly high degree of confidentiality and a similar level of security so I would doubt the lender would accept payment from a third party, even a closely related one, without the consent of their customer.

Whilst it's a lovely idea - you could certainly pay my mortgage off [if I hadn't done it myself ] - it may also not be welcomed by your mum. Many older people, speaking as one myself, do like to be financially independent and you may cause more upset by doing it behind her back than discussing it with her first.

icklejulez

Cant you just send her a card with a nice cheque inside???

rachnbri

I have no pride!! If your mum doesn't want it you can pay mine off!!!
Seriously though I really don't think her mortgage lender would discuss her financial dealings with you for any purpose. Have you tried talking to her about it?

sophiewophie

It's not a large amount owing - I think around £7K left. But its over such a short time, with her small wages its crippling. I want to do something for her, as she has done everything for me in my life. She would love it paid off, but not want me to do this for her, so cant get the details to do this, willingly from her. I think I might do some paperwork foringing

Thanks for everyone's replies

Sophie

Loanbehold

Give the money to her as an interest free loan so she has to pay you, instead of paying the bank. If she still feels uncomfortable using your money, then charge her 1% interest (over the whole life of the loan rather than annually).

If you then feel uncomfortable being paid by your mother, use the money she pays you to buy her some everyday things, which she normally buys for herself. Have a browse around the house to see what products she uses. Don't make a big thing of the purchases, Just hand them over and say they were buy one get one free. Tell her you kept one but as the other is free and you'll not use it, she can have it.

If she drives, then borrow her car and fill it up with petrol. Tyre treads getting low, well blimey you got a puncture and had to buy a new tyre.

Buying everyday products for your mother will reduce the amount she would normally pay out but won't hurt her pride.

magyar

Just thought that was a really good answer, loanbehold.

tracy1_2

i paid £3k into my parents account without their knowledge - no probs. just go to the counter and pay it in - its worth a try! you're a lovely lady!

UK007BullDog

Eventually she will find out. Annual Mortgage statements. A call from the lender. It is best that you talk to her about it.

Also be careful! Why?:

1. What kind of deal is she on? Can you overpay without incurring penalty charges? Obviously you would need to remember all the fees for closing the mortgage account.

2. You would need the mortgage account number.

Hypothetically:
3. Are there any other kids next to you, i.e. brothers and sisters or are you an only child? Just pointing this out as when she passes away the others might expect their parts of the inheritance. What about the £7K you gave away? It would be part of the whole inheritance, or are you going to ask the others to pay you back? I know it might not be like this in your family but your potential siblings might have partners and well......
(Been there and worn the T-shirt and made my will watertight so everyone gets what they deserve or not :rotfl: )

:A And lastly you are a wonderful daughter :T :T :T :T :T

roger56

A very nice thought.

happy new year

Mikeyorks

sophiewophie wrote:

I know it is with A&L, and I know roughly how much it is. Does anyone have any idea how I would do this?

Deviously ! I've just had similar problems paying my son's overdraft. No reticence to accept the money on his part - but paying it direct (I long ago learned not to directly give him funds intended for other purposes:rolleyes: ) to his provider was difficult. But fortunately I knew the precise amount as it was a Student interest free o/d until a few days ago.

You will need to go through her papers and find the Account number. But you need a settlement figure if you're going to do the whole job - and that's not easy as A&L can't discuss it with you.

You could go into a Branch, with the chequebook / some ID proving you are the daughter - and flutter the eyelashes at a male manager. Figures have been known to be written temporarily on a piece of paper under similar circumstances.

Or get her out of the house and use her 'phone to ring for a figure - adopting an 'older' voice and a transient bit of ID theft.

But realistically - you've got to tell her and prevent her making further payments. So the easiest / safest is to tell her you're going to do it regardless so she might as well help you get it right? Then get her to ring / go in with you for a figure.

If you're the gem you sound to be - you'll persuade her over a cup of coffee?