Just how do missed credit card otherwise mortgage costs affect your own home loan?
Mortgage lenders offering the cheapest pricing are generally not keen so you’re able to deal with programs away from consumers that have missed money, even though some loan providers be a little more lenient than others.
A study regarding step three,016 British people, commissioned by Money and you may Pensions Service (MaPS), implies that a 3rd of people (30%) overlooked at least one commission in 2023. Of them, 14% told you it actually was the first season that it got actually happened.
The cash and Retirement benefits Solution data shows that credit card repayments was in fact the most common sort of you to definitely went outstanding (11%), with resources (10%), Council Income tax or costs (10%) and you may bank overdrafts otherwise fund (8%).