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Wage overpayment V’s mortgage application
thorleyman
Posts: 2 Newbie
Ok briefly heres my queery
Due to a deeply flawed bonus scheme at work i am about £3.5k in deficit, people have left and not had to repay. They have now altered the scheme to eliminate the possiblity of getting into a deficit but any outstanding deficit has to be repaid at a nominal £5 a week which would take me over 10 years to repay, aside from the moral aspect of it, if this is shown on my wage slip as an overpayment would it be classed as a debt to a prospective mortgage provider, if so i plan to refuse to have it deducted.
Thanks
Paul
Due to a deeply flawed bonus scheme at work i am about £3.5k in deficit, people have left and not had to repay. They have now altered the scheme to eliminate the possiblity of getting into a deficit but any outstanding deficit has to be repaid at a nominal £5 a week which would take me over 10 years to repay, aside from the moral aspect of it, if this is shown on my wage slip as an overpayment would it be classed as a debt to a prospective mortgage provider, if so i plan to refuse to have it deducted.
Thanks
Paul
0
Comments
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Depends on your figures - if your LTV is lower enough then it wouldnt make much of a difference.0
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