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Late mortgage payment so refused a loan.

  • 19-10-2014 10:27am
    #1
    fabisma
    Registered Users, Registered Users 2 Posts: 6 ✭


    My salary was going to go into my account the day after my mortgage was due to come out.  I didn;t have enough money in the account to cover my mortgage payment.  I phoned BOI mortgages to explain and was advised to do nothing as the mortgage would be taken out 12 days after the first attempt.  This was fine.  However, a few weeks later I tried to apply for a home improvement loan and was refused on the grounds that I missed a mortgage payment.  Is there anything I can do about this?


Comments

  • #2
    GarIT
    Registered Users, Registered Users 2 Posts: 8,671 ✭✭✭GarIT


    You should have had the money ready for the payment. It's not like they are lying about what happened.


  • #3
    fabisma
    Registered Users, Registered Users 2 Posts: 6 ✭fabisma


    If they'd told me that it would affect my credit rating I would have made sure money was available through other means.


  • #4
    GarIT
    Registered Users, Registered Users 2 Posts: 8,671 ✭✭✭GarIT


    fabisma wrote: »
    If they'd told me that it would affect my credit rating I would have made sure money was available through other means.
    That's common knowledge though. You can't have a mortgage and not know that you can't miss payments.


  • #5
    fabisma
    Registered Users, Registered Users 2 Posts: 6 ✭fabisma


    GarIT wrote: »
    fabisma wrote: »
    If they'd told me that it would affect my credit rating I would have made sure money was available through other means.
    That's common knowledge though. You can't have a mortgage and not know that you can't miss payments.
    It wasn't missed, it was late.  And I was advised by the lender to let it be late rather than find the funds to cover it for a day.  Do you have anything helpful to contribute?


  • #6
    Bank of Ireland: Sarah
    Closed Accounts Posts: 1,640 ✭✭✭Bank of Ireland: Sarah


    fabisma wrote: »
    My salary was going to go into my account the day after my mortgage was due to come out.  I didn;t have enough money in the account to cover my mortgage payment.  I phoned BOI mortgages to explain and was advised to do nothing as the mortgage would be taken out 12 days after the first attempt.  This was fine.  However, a few weeks later I tried to apply for a home improvement loan and was refused on the grounds that I missed a mortgage payment.  Is there anything I can do about this?
    Hi fabisma,

    Thank you for contacting Bank of Ireland. 

    Sorry to hear your application for this Loan was refused. In this case, you can appeal this decision on your Home Improvement Loan application. To do this, please contact a Lending Advisor in your branch and they can look into this for you. Alternatively you can send this appeal in writing to your branch. 

    Please find the contact details for your branch here 

    Please let us know if you need help with any other query. 

    Thanks,
    Sarah


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