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!

Re-mortgage while on benefits

P1ckle · 2011-10-04 22:41:10

Evening all, I have been on incapacity and DLA since 2006 due to a long term illness. The debts are beginning to spiral out of control and I have a very small mortgage which is a lot smaller than my actual property is worth. I do receive help with paying the interest on my mortgage but make up the rest myself. Has anyone…

Comments

AskMeAnother Posts: 95 Forumite

10 October 2011 at 12:44PM

"You would also need to check to make sure you would continue to receive full help with interest payments if you increase your mortgage"

I did mention that earlier, although to be honest I wasn't sure on the effect. I can see the logic behind it affecting the payments negatively though.

With regard to the mortgage itself, Halifax would probably do it. Even if the house was made out of a combination of Jelly and Ice Cream!

I am a Mortgage Adviser -

You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.

0

This discussion has been closed.

★ ★ ★ Meet your Ambassadors

Re-mortgage while on benefits

Comments

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free