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Effect of missed mortgage payment
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stevenhp1987 wrote: »Yes.
If your agreement is, say £100pm and you are £99 in arrears it will be reported as OK Paid.
Credit agency guidelines state it must be a full payment down to be marked as one payment down. e.g. £100 arrears = 1 payment down as would £199 in arrears.
Gosh, that is very good to know just in case anything happens in the future.Mortgage for £212000 - 10/17 for 35 years!
Aiming to overpay each year as close to 10% as possible!0
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