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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Mortgage arrears letter

7 replies

landbeforegrime · 06/12/2023 21:59

Just wondered if this had happened to anyone else - I've had a letter today telling me my mortgage is in arrears. I don't understand how this has happened as I have an offset account which is in funds with the same bank my mortgage is with. My mortgage payments have been going out every month for nearly two years from the offset account by direct debit. There is a significant amount left in the offset account (over 40x more than the monthly amount that needed to come out). I checked the account as soon as I read the letter and can see that despite being in funds there is no transaction for November. I don't do anything with the accounts as it should just automatically sort itself out so don't check monthly to make sure payments have been made. I have no reason to expect the DD won't go through. So I presume the bank must be at fault but I have no idea how or what could have happened. I am annoyed about how long this is now going to take me to sort out, the implications for credit ratings, the interest that will have been charged. I read the letter after 5pm so could not speak to anyone today so have to wait until the morning. However, I have a niggling doubt that I must have unwittingly cancelled the DD somehow or that someone has managed to cancel the payments maliciously (I don't know who would do this, but also cannot understand how the bank has made this mistake). AIBU to think this must be the banks fault? How is it possible this kind of thing could happen?

OP posts:
TiredandLate · 06/12/2023 22:10

How annoying, this would bother me all night too. All you can do is call the bank tomorrow, so try and put it out of your mind for tonight. Hopefully it's a simple error.

PlipPlopChoo · 06/12/2023 22:32

How can we know? Phone them tomorrow.

landbeforegrime · 07/12/2023 04:23

@PlipPlopChoo because you work in a bank and have seen this happen, because it has happened to you, because you have knowledge of how online / IT banking systems work so know how it would be possible (or not possible). Thought those potential options were so obvious it didn't need spelling out.

OP posts:
3luckystars · 07/12/2023 04:35

You have 40 times the mortgage payment in your account? Thats really impressive.

It’s just a banking error, it happens, hopefully you will get it all sorted tomorrow. Good luck.

LordEmsworth · 07/12/2023 05:28

You don't have to work for a bank to know that sometimes there's an error, surely? Things go wrong, systems fail, people make mistakes. You want know until you speak to them; assuming it is their fault, they should fix credit rating, interest etc (complain formally if they don't).

I didn't know there was a bank that still closes its phone lines at 5pm! Are we in 1988 again?

Tebheag · 07/12/2023 06:19

Sounds like a bank error had a DD cancelled years ago unfortunately it happened a few times before they worked out why. So keep an eye on it each month for a while to make sure it don't happen again. Surprised you couldn't phone a bank att 5pm.

ForHeavensSakeRichard · 07/12/2023 22:09

Did you manage to sort it @landbeforegrime

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