Income & Expenditure Forms

Why does everyone advise not completing an Income and Expenditure Form when the lender requests it? I can understand this when a person has surplus income over expenditure, but not when the person has no surplus income. I am currently involved with someone who is being pursued for a shortfall claim. The person is on a low wage and has no surplus income with which to pay the mortgage company. What are the downfalls therefore of letting the company be aware of this. Surely if they known that it isn't worth pursueing the shortfall as the person is unable to pay, it will be in the interest of all? I look forward to receiving any advice. Thankyou

[ Previous | Next ]