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Paying my Mortgage with Paypal

Theo84
Theo84 Posts: 5 Forumite
in Mortgages & endowments
Good morning, does anyone know whether it's possible to pay your mortgage with your Paypal account? I would be able to accumulate a huge number of Avios/Amex member rewards points as it is linked to my credit card. Would there be any adverse credit rating issues as a result? I know it does look bad if you pay your mortgage directly from a credit card. Thanks.

Comments

  • Edi81
    Edi81 Posts: 1,513 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Does your lender accept PayPal?
    I would doubt that any lender will accept PayPal for mortgage repayments. Remember, PayPal is not free for the recipient of funds whereas collecting by direct debit is much lower cost for them.
  • csgohan4
    csgohan4 Posts: 10,600 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Photogenic
    Theo84 wrote: »
    Good morning, does anyone know whether it's possible to pay your mortgage with your Paypal account? I would be able to accumulate a huge number of Avios/Amex member rewards points as it is linked to my credit card. Would there be any adverse credit rating issues as a result? I know it does look bad if you pay your mortgage directly from a credit card. Thanks.



    Check your T+C, some reward schemes do not accept third party transactions via paypal for example
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ Bowlhead99 RIP
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