Can you loose change mortgage lender if you are on benefit? I have be registered disabled since 2001 my husband is my full

I have be registered disabled since 2001 my husband is my full time carer, we recieve the normal regular benefits. The mortgage we own was a fixed rate, concluding year this expired. Would we be able to do anything around it as the rates are now lower than when we took the mortgage out.

You can return with a mortgage based on your income, and if you can afford the mortgage beside the income you receive in state benefits, afterwards you should be able to go and get out a new mortgage. Although some mortgage companies may be guarded to cover you because of your health and you may not be capable of get enthusiasm insurance to cover the mortgage unless at a very large premium.

It sounds to me though that the benefits you would be receiving would be to money off your mortgage and not in actual fact for your care.

dont see why not as long as you enjoy money to pay the morgage every month, is similar to swapping a loan over, normally catch a deal for 3 years consequently its probably best to change

Answers: Most lenders will not filch the unemployed on as a tentative mortgage customer. It's a shame, as it means the redundant end up getting ripped bad, with the smaller amount competitive mortgage deals. It's a dreadful deal that the on the dole and disabled live with, it's almost disgusting that the poorer member of society have to live within greater poverty because no-one will take their business.

Check that you're getting appropriate level of Income Support, if you're eligible in the UK, as this will include a expenditure toward mortgage interest. The % paid rises over time, such that they will money around 100% of a mortgae interest, at an average rate, in the souk. It's called 'Income Support Mortgage Interest', please cause sure you're getting it, if you qualify. Having over lb6,000 in hoard means general public fail to return with it.

However, your current lender is very imagined to offer you alternative offer, trackers, fixed rate etc. Just beware of penalties logically, as if you were a strange borrower.

If there is someone who would become a guarantor for your loan, next you may be more lucky in switching. This would want to be someone of good financial standing and not out of work and claiming benefit. Start 1st with your current lender, to brand name sure that you're not paying them more than you need to.

Good luck! Rob

you can try, but you might find it a bit difficult. It could depend on how out-of-date you are.

Why not take a saunter down to your current Mortgage provider and talk to them something like what deal they can tender you