a question regarding a bounced direct debit

phil22

my brilliant partner is already paying HMRC a direct debit of over £100 a month for about 9 months as he got his tax details in late last year and got fined (great) but he didnt know this month the date was coming out and it came out today but bounced , so went back, therfore as we are saving for a mortgage i have said thats the chance of it ruined and now we wont get accepted which he cant accept? so what will happen? is there point now us saving or shall we scrap it altogether? i was thinking of going to a mortgage advisor and getting them to check maybe next month if its accepted? is it best if he gets it paid for tommorow asap? i am fuming so angry, any advice and help appreciated thanks

betmunch

Calm down, a single bounced direct debit will not cause a problem unless you are applying this month and the lender requests your bank statements.

Just get it paid and keep saving

phil22

are you positive? even if its showing that he obviously doesent have much money in his account, so they wouldnt give a mortgage?

betmunch

Yep. A single bounced DD in isolation would only cause a problem in some very specific circumstances, which I doubt you would meet due to other info in your OP.

amnblog

Your post suggests you should think very carefully before buying together.

The venom is coming out of the page.

csgohan4

Why does he have a bounced DD? Can he afford even half the mortgage payments?


The fact he is paying HMRC through his own oversight concerns me in regards to mortgage repayments either through financial or organisational means






I think you are not ready to have a mortgage with extra baggage holding you back.

AnotherJoe

I'd be more concerned that you could afford and manage a mortgage and a house if a single £100 payment just on a wrong date would not even put you in overdraft, but bounce it.

Is he already in maximum overdraft? Or not organised enough to use a bank account that allows overdraft even if temporary ? (free or otherwise?)

There's a haphazardness and lack of planning here that says "not ready for mortgage".
And you arent able to escape blame either, if you know he's useless at this sort of stuff, why arent you keeping a closer eye on things? (If he wont let you now, then how would that work in future when you would be jointly responsible for a house and mortgage?)

Doesn't bode well for more complex issues, dealing with not just a mortgage but owning a house where all sorts of unexpected payments crop up from time to time.

How would the two of you cope with that when £100 is apparently the end of the world?

How about you two sit down and work out what you can afford and ensuring you have a buffer for unexpected payments and arranging things to prevent bouncing payments?

David_White

amnblog wrote: »

Your post suggests you should think very carefully before buying together.

The venom is coming out of the page.

This is your real concern, not the bounced direct debit.

phil22

Honestlyi am going to keep a eye on him and yes we have sat down but with christmas and he has previous drbts which hes paying off so we can get a mortgage plus this month were paying our main holiday off, so there are things but we worked out on any normal month we will have 2 full time wages

AnotherJoe

phil22 wrote: »

Honestlyi am going to keep a eye on him and yes we have sat down but with christmas and he has previous drbts which hes paying off so we can get a mortgage plus this month were paying our main holiday off, so there are things but we worked out on any normal month we will have 2 full time wages

Pretty poor excuses IMO, Christmas isn't something that's done to you,its up to you if you spend so much that your debt repayments to HMRC bounce. Same for holidays, why are you having one if you can't afford it ? Which you can't if you still above debuts to pay off (debts that by the way will reduce the amount of mortgage you can get)

phil22

I know iv told him we can afford it he just chooses to spend every single thing in one month for some unknown reason its like talking to a child iv had a serious word with him today so he knows the circumstances now