We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
1 19 month old missed payment - mortgage help
ashley987
Posts: 16 Forumite
Hi everyone,
My husband and I are hoping to process our mortgage application this month. We have an AIP from our Bank, they’ve said it’s an “A Pass” which is a good thing I assume. They’ve only asked for 3 months payslips from my husband which I think will be because he sometimes has overtime payments on top of his annual salary. They only asked for 1 of my payslips.
Anyway, I was just looking through my Experian Credit Report & noticed my Next Account is showing a missed payment from 19 Months ago. I remember it now, this was the week we got married then we went straight onto our honeymoon, I just completely forgot about the payment, I paid it as soon as I was home but by this time a new statement was generated so effectively I missed the months payment. The missed payment will be 20 months ago the time the application goes through.
When the mortgage application goes through I will declare this with the bank but does anyone know if this will have a serious effect on our application? All other credit accounts have never had 1 single missed payment.
Worried sick now.
My husband and I are hoping to process our mortgage application this month. We have an AIP from our Bank, they’ve said it’s an “A Pass” which is a good thing I assume. They’ve only asked for 3 months payslips from my husband which I think will be because he sometimes has overtime payments on top of his annual salary. They only asked for 1 of my payslips.
Anyway, I was just looking through my Experian Credit Report & noticed my Next Account is showing a missed payment from 19 Months ago. I remember it now, this was the week we got married then we went straight onto our honeymoon, I just completely forgot about the payment, I paid it as soon as I was home but by this time a new statement was generated so effectively I missed the months payment. The missed payment will be 20 months ago the time the application goes through.
When the mortgage application goes through I will declare this with the bank but does anyone know if this will have a serious effect on our application? All other credit accounts have never had 1 single missed payment.
Worried sick now.
0
Comments
-
It's highly unlikely to be an issue.0
-
You say you will "declare it to the bank" - do they specifically ask you if you ever missed a payment?(not the same as getting into arrears )
Have you switched to SO's or DD's for payments now?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604.1K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards