my mortgage was 647 a month, now down to 490

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james.ei

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Post by james.ei » Mon Feb 08, 2010 5:59 pm
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my mortgage was 647 a month, now down to 490 per month as rate has fallen, got my first review with harrington brooks, all they want is the last 12 month payslips and my p60. do i tell them about my mortgage ?
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Adam Davies

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Post by Adam Davies » Mon Feb 08, 2010 6:18 pm
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Hi
Yes you need to.
They should also ask you to fill out a fresh income and expenditure form and you will need to list the correct mortgage payment.
Regards
Andam Davies
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Julie

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Post by Julie » Mon Feb 08, 2010 6:39 pm
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Hi James,

I agree with Andy you will need to declare a new I&E form. Even though your mortgage payments have decreased, maybe some of your other expenditure has increased, council tax, wter rates etc.
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luluj

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Post by luluj » Mon Feb 08, 2010 6:54 pm
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honesty is best policy - pay the extra in now and when / if your mortgage goes up again complete a further review to amend your payments again......pay back as much as you can during your IVA !
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
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MelanieGiles

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Post by MelanieGiles » Mon Feb 08, 2010 10:21 pm
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I am suprised that they have not sent you an income and expenditure form to fill in.
Regards, Melanie Giles, Insolvency Practitioner
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Shining

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Post by Shining » Mon Feb 08, 2010 10:23 pm
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Ask for an Income and Expenditure form is they haven't provided this and fill this in honestly and accurately.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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