We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
maternity and mortgage breaks
bellamoon
Posts: 1 Newbie
We are hoping to try for another baby. Last time I was on maternity leave I saved a lot of money so that I could pay my contribution to the mortgage. Now, I can't save anything as all of my salary goes on running our household. My husband stays at home to look after our little girl.
We are in the 3rd year of a 5 year fixed with Nationwide. If we were to take a mortgage break, what would the consequences be? What would the disadvantages be?
We are in the 3rd year of a 5 year fixed with Nationwide. If we were to take a mortgage break, what would the consequences be? What would the disadvantages be?
0
Comments
-
If all your income currently goes on running the household, how will you afford to feed/clothe etc another mouth?
A mortgage break defers the problem, but accumulates interest to turn it into a bigger problem.
Check your lender's own stance. Some allow breaks, some have criteria, some don't allow them.Act in haste, repent at leisure.
dunstonh wrote:Its a serious financial transaction and one of the biggest things you will ever buy. So, stop treating it like buying an ipod.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.8K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards