mortgage

norfolk41

hi please someone help me with correct info..i recieved my mortgage letter saying that dwp is paying some of my mortgage but in other column it says that i am in arrears with a minus sign before the total i called 2 of my freinds and they both said that means i am in front and not behind with payments is this correct?

opinions4u

I'd ring the mortgage company. Not your friends.

_Andy_

norfolk41 wrote: »

hi please someone help me with correct info..i recieved my mortgage letter saying that dwp is paying some of my mortgage but in other column it says that i am in arrears with a minus sign before the total i called 2 of my freinds and they both said that means i am in front and not behind with payments is this correct?

Not being funny but why are you asking your friends and strangers on the internet before your mortgage company? Not having a pop at you but surely your lender should be the first port of call?

norfolk41

who said i was asking strangers on internet? i asked my mum and i asked my friend who works in a bank and they both replied saying that i was in credit just thought i would ask someone out there just to verify thats all x sorry to bother u x

GMS

You say DWP are paysing some. Are you paying the remainder?

_Andy_

Like I said, I wasn't having a go at all, I just don't understand why you wouldn't call the lender.

kingstreet

norfolk41 wrote: »

i recieved my mortgage letter saying that dwp is paying some of my mortgage but in other column it says that i am in arrears with a minus sign before the total

Is there any chance you could tell us what this "mortgage letter" might be?

In addition, would it be possible for you to put some context around what you are asking?

Presumably this is something to do with support for mortgage interest?

norfolk41

yes i am paying the remainder..the letter was just to say that dwp will pay for the next 6 months and i will pay remainder for next 6 months and just to make sure i have enough in bank for d,d and its an only an interest only mortgage

norfolk41

and as far as i know i am not behind in payments..but just wondered why it had a - before the balance..but i was told because i am in credit x

beecher2

If it states that you're in arrears, I can't see you being ahead of your payments. What exactly does it say? Does it give you the outstanding amount of the mortgage, or the amount of arrears? Are you behind in paying?

As others have said, phone them up and ask the situation.

Simon_gloster

If you've not had letters or calls from the lender asking for money then you are in front.

A minus usually means overpayed/in credit ie -£726.76 means the account is overpayed, therefore less interest being charged.