2 months missed mortgage payments

wilkoflower

I have stupidly missed 2 mortgage payments, partner isn’t aware and I want to sort without him. I can afford June’s payment and some on top of that, if I clear the arrears in 5 months will it show as missed payments every month on credit file until
the arrears are cleared? Also will mortgage company need to speak to both parties to sort out payment plan? Thanks I’m advance! 

dimbo61

Ring your lender asap
make what payment you can asap

ACG

It will show as being in arrears until it is cleared in full. It will probably look something like 0 0 0 1 2 1 1 1 0 

Zeros mean all ok, 1 is a missed payment, 2 is 2 missed payments, then then the ones are where you are bringing it back up to date. 

I am going to be really honest here, if I were your husband, I would want to know. I might be annoyed that you missed the payments, but I would also bring it up to date. I would be more annoyed if you let it go into arrears and then drag out over 5 months. 

Ksw3

Is there a reason that you don't feel able to tell him? Often the shame we feel keeping things to ourself is greater than the secret we are trying to withold. 

wilkoflower

Ksw3 said:

Is there a reason that you don't feel able to tell him? Often the shame we feel keeping things to ourself is greater than the secret we are trying to withold. 

He would be so upset and disappointed and I’m too ashamed to tell him how I have messed up. I am struggling financially and he would not be able to help me as stretched already 

Sistergold

Why are you stretched and he does not know? Did you use the money for what you were not supposed to to use it on? This is not a good secret to keep but if you feel you need keep it a secret then it’s best you sort it quickly. Don’t hide it if you can not sort it out cos missed payments can quickly accumulate out of hand but easier to sort out at the start. If both of you are stretched with the way the economy is going you need to sit down look at your joint money and prioritise what you need to pay in order of priority and mortgage will be up there on that list. 

GentleGiant01

I would suggest building an excel “budget” sheet. 

In all honesty, I would write all your incomings and outgoings down and if you can’t afford to bring it back into the green by the end of the month, see what unsecured lending (credit cards, loans) that you can miss a payment for to bring your mortgage up to date. 

I do not condone missing payments, but if you need to miss something, mortgage is the one that needs bringing up to date come hell or high water. It may be worth speaking to all your creditors and seeing if any will be flexible with you. 

Do you have any assets you don’t use that you could sell on local marketplaces? I suspect if you’re having difficulty now it isn’t going to get better unless you reduce outgoings. 

Please speak to your partner, I know it’s scary and if he can’t help that’s fine but he does need to know! You are both a party to the mortgage and so he needs to know.  

DE_612183

you could phone your lender and ask for a retrospective payment holiday - worth  a try, but yes speak to the lender first