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Ask Clare Your Own Question
Clare
Clare, Family Solicitor
Category: Family Law
Satisfied Customers: 34106
Experience:  I have been a solicitor in High Street Practise since 1985 and have specialised in Family Law for the last 10 years
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I am in receipt of housing benefits in that i receive housing

Customer Question

I am in receipt of housing benefits in that i receive housing benefits to pay the interest on a £48,000 mortgage.
I have just received £36,000 in settlement of a charge on my former marital home (Court order for that sum as my payment following my divorce).
I want to pay the £36,000 off my mortgage to reduce my reliance on the benefits agency.
How should I go about doing this and how should I inform the benefits agency?
Submitted: 3 years ago.
Category: Family Law
Expert:  Clare replied 3 years ago.
Hi
Thank you for your question.
My name is Clare
I will do my best to help you but I need some further information first.
Does your Mortgage Company allow Lump sum payments?
Clare
Customer: replied 3 years ago.

Hi, thank you for your response.

Honest answer is I don't know. The mortgage company is Santander Bank. I don't see any reason why they could reasonably refuse a lump sum payment, so, I would like to ask the question on the basis that Santander do accept lump sum payments.

Hope my response is sufficient.

Best regards,

Peter

Expert:  Clare replied 3 years ago.
Hi
Just to check - is this a repayment or an Interest only mortgage?
Clare
Customer: replied 3 years ago.

Hi,

It's an interest only mortgage.

I've checked Santander's website and it seems lump sum repayments are acceptable.

Hope that assists.

Peter

Expert:  Clare replied 3 years ago.
Hi
When you receive the funds you can simply pay them to the Mortgage company (you should have the details).
Write to the DWP with a copy if the Court Order - and the paying in slip.
It is a perfectly reasonable and acceptable way to deal with the funds.
Please ask if you need further details
Clare

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