Mortgage Concession

yellowrock

Hi

I wondered if anyone thought I was being unreasonable?

We have asked Norwich & Peterborough BS for a concession on our mortgage due to financial hardship ( I have become too ill to work due to disability) my husband has had to give up one of his part-time jobs to care for me. We fall £16 over the governments Mortgage Interest Relief threashold and have asked N&P for interest only whilst we try to get back on our feet( I am hoping to be back in employment in the next 6months) Today N&P phoned me up asking why we spent £50 on our son for his birthday - our son is 12 yrs old! We had to say what each transaction was on our bank statement that we sent in to support our concession application. I know we are asking for help but it has really upset me that they would want us not to give our son a birthday present. I said that to the N&P representitive who said " your mortgage is your first priority) I was astounded at the reaction.

Just wanted to get it off my chest really

YR

ACG

I can see your point of view and in all honesty if i was in position if i had a child i couldnt get them a birthday present id be pretty upset too.
But look at it from another point of view, would your son rather have a birthday present or a home to live in.

At the end of the day you have borrowed money, they want it back...your now saying you cant afford it (which happens its part of life) but yet you can go out and spend money on things that are not a requirement to live.

As i said i can see both views and to an extent i agree with you, but im just pointing out their side of it too.

I genuinely hope you get back on your feet.
Did you buy a property through a broker? I cant think of a mortgage ive sold where i havnt recommended income protection or at the very least Accident and Sickness cover - was this ever sold to you? (sometimes known as PHI, ASU, MPPI, PPI) it sounds like it would help your situation if you did take it up.

poppy10_2

The roof over your head is more important than a birthday present for your son. Get your priorities right.

Thrugelmir

yellowrock wrote: »

Today N&P phoned me up asking why we spent £50 on our son for his birthday - our son is 12 yrs old!

You can't plead financial hardship then spend £50 on a present.

What your son needs is a secure home. That's absolutely price less.

suburbanwifey

I agree with them questioning why you spent 50 pounds on you son. If that had been me, the mortgage would have been paid before we had eaten, never mind bought birthday gifts. A roof over your sons head is more important than gifts he can live without. He can't live a decent life homeless or in emergency accommodation due to repossession.

Priorities.

opinions4u

Incredible.

You want to underpay your mortgage to give your son not just a present but a £50 present.

I could understand spending a bit less in Tesco or walking somewhere instead of taking the car (to save petrol).

I could understand giving up a mobile phone contract or scrapping Sky in favour of Freeview to free up the cash for a present.

I could understand turning the heat down and wearing jumpers on colder evenings to free up some cash.

But I cannot for a second work out why you think a mortgage lender should buy your son's birthday present.

If it really is tough going at the moment the perfect gift would have been to spend a day with him doing something that costs nothing. Giving him your time and attention is worth so much more than anything material.

yellowrock

Thanks for the replies. However, I have to say I am now put off posting again. Yes, the truth does hurt but putting it in a better way such as ACG did, was much more helpful and constructive. I wont go into my disablilites as this is not a plea for me to plead 'woe is me'.
Opinions4u - your meaning behind your comment "If it really is tough going at the moment the perfect gift would have been to spend a day with him doing something that costs nothing. Giving him your time and attention is worth so much more than anything material". I took execption to this, I am a good mother and spend lots of time with my son doing activities that costs nothing at all but having quality time together. I can see why the internet provides people like you the chance to belittle someone like me anonymously- is the term an internet troll?

Thank you for the comments that were constructive, and to the ones who choose to make personal attacks on me for asking a question - I choose to ignore your comments that you feel are helpful by making an attack on me personally.

Thrugelmir

yellowrock wrote: »

Thank you for the comments that were constructive, and to the ones who choose to make personal attacks on me for asking a question - I choose to ignore your comments that you feel are helpful by making an attack on me personally.

There's nothing personal in peoples comments. Its merely a reflection of the same attitude your lender will have as a business.

As much as you want to complain there's nothing to complain about.

Pay a visit to the Debt Free Wannabe board where you'll find people who survive on very little at all. The one thing that they have in common is that they've had their light bulb moment. Accepting the fact they have to take responsibility for their own actions.

DVardysShadow

yellowrock wrote: »

Thanks for the replies. However, I have to say I am now put off posting again. Yes, the truth does hurt but putting it in a better way such as ACG did, was much more helpful and constructive. I wont go into my disablilites as this is not a plea for me to plead 'woe is me'.
Opinions4u - your meaning behind your comment "If it really is tough going at the moment the perfect gift would have been to spend a day with him doing something that costs nothing. Giving him your time and attention is worth so much more than anything material". I took execption to this, I am a good mother and spend lots of time with my son doing activities that costs nothing at all but having quality time together. I can see why the internet provides people like you the chance to belittle someone like me anonymously- is the term an internet troll?

Thank you for the comments that were constructive, and to the ones who choose to make personal attacks on me for asking a question - I choose to ignore your comments that you feel are helpful by making an attack on me personally.

Leave it out. You don't like the answers, I can see your point. But equally, I can see the other side. It is a bit rich to go from not liking an answer to then yourself making an anonymous attack and calling someone a troll for a genuine answer.

CBR600F_2

See, that's the problem with kids these days. They don't understand that they shouldn't expect expensive gifts for their birthdays when Mummy and Daddy have bigger financial obligations to see to.

When I was a boy, all I got for my birthday was a punch in the gut. And I was glad to have it.

yellowrock

Thanks CBR600F - at last a person who understands the kids these days, I thought £50 was getting off lightly under the current trend for ipads and the like!