How best to describe a standing order to mortgage lender?

Pegasaurus

Yes. No more repaying that loan.

Pegasaurus

I've just checked the application form the broker sent to the lender (as opposed to the one I sent to the broker) and it doesn't tally up so I've just emailed the MA to find out why. Looks like costs haven't been broken out correctly and that credit card repayment is much higher than reality.

Thrugelmir

Pegasaurus wrote: »

Thrugelmir - no, because the remortgage isn't until August so didn't see it as relevant.

Doesn't matter what you consider to be relevant. The application form is a statement of fact. That you declare to be accurate and correct. Failure to do so potentially undermines the relationship and causes concerns. The consequences of which can be severe. As lenders do share application data through a shared resource if needs must.

Pegasaurus

I understand. But as the form was submitted after the final repayment was made that's why I didn't specify it. Also, honestly, I thought it was only financial commitments to regulated lenders that went into that section.