Changes in Circumstance

1step-at-a-time

I know we have to update the OR with changes but, for example, would they need to know about pregnancy in advance or only when income is going to change? I'll be on mat leave a little while longer, then normal pay (which is very little more, about £80per month) for 3 months before going back on mat leave again. Do I just write to them and tell them the month before the changes occur or do they need to know straight away? Thanks

mysterio_2

they only need to know of any changes in finance no more...and they should be informed within 21 days of your financial change

1step-at-a-time

Thanks I'll write to them when income goes to normal salary and then again once back to mat pay in that case. I'm guessing each time they will want a new SoA as well?

sniggings

1step-at-a-time wrote: »

Thanks I'll write to them when income goes to normal salary and then again once back to mat pay in that case. I'm guessing each time they will want a new SoA as well?

depends on the OR tbh, mine let me keep any overtime pay unless it was going to be every week, she said to not even bother telling her about it

My guess is, unless it's quite a difference they may just leave it, as they are busy people, there maybe an email address you could use instead of writing a letter, less formal so in my way of thinking can be ignored that bit easier as long as you inform them, you are ok.

1step-at-a-time

It is only £80 difference and that will only be for 3 months then back down again so I'm fairly sure an IPA would still not happen. I do have an email so will send it to there. It means I don't need to do anything until after Christmas and other than the car exemption letter I haven't heard from OR since my interview which I guess is a good thing!

Slightly on a different topic, the house is neg equity (mortgage up-to-date) and just wondering how long it usually is before they contact you about it in terms of possible buying of interest etc?

sniggings

1step-at-a-time wrote: »

It is only £80 difference and that will only be for 3 months then back down again so I'm fairly sure an IPA would still not happen. I do have an email so will send it to there. It means I don't need to do anything until after Christmas and other than the car exemption letter I haven't heard from OR since my interview which I guess is a good thing!

Slightly on a different topic, the house is neg equity (mortgage up-to-date) and just wondering how long it usually is before they contact you about it in terms of possible buying of interest etc?

as it's in NE then I doubt they will do, unless the house price is likely to go up in the next couple of years, the OR stops having an interest in the property so passes back to you for nothing, buying it now will cost you but as it's worth nothing this maybe the bad option.

tigerfeet2006

1step-at-a-time wrote: »

It is only £80 difference and that will only be for 3 months then back down again so I'm fairly sure an IPA would still not happen. I do have an email so will send it to there. It means I don't need to do anything until after Christmas and other than the car exemption letter I haven't heard from OR since my interview which I guess is a good thing!

Slightly on a different topic, the house is neg equity (mortgage up-to-date) and just wondering how long it usually is before they contact you about it in terms of possible buying of interest etc?

The OR can contact you anytime within the next 3 years to sort it. What usually happens is around the 2year 3month they will contact you to see if there is any equity in the house. If there isn't then the BI will be transfered to you and if there is then you will have the opportunity to buy the BI back. At any point in the next couple of years you can ask for the OR to transfer the BI but they don't have to. If they say yes and there is negative equity it will cost you £1k plus expenses to get it transfered.

watcher27

I phoned my OR to inform them of my pay rise (£60 extra a month), but also that our expenditure had gone up too (fuel costs, food) and he said that he wasn't interested as it cancels itself out and what we were left with at the end of the month remained the same!