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!
Any alternatives besides Northern Rock?
Comments
-
Yes exactly - loss of earnings. 1 of us will probably take a year or 2 out of work to care for a baby. The 15k is basically to give us this option, but also as a rainy day fund even if we dont go there. What we didnt want to do was put EVERYTHING into the house, then have no options in the future because we've stretched for it
Their terms state you can overpay, underpay, borrow back at original rate, take payment holidays (1mth a year, can save upto 3 holidays, or can even ask for a 6mth holiday for special occassions).
I just need to check into the actualities of the borrow back and stuff.
Thanks for the reply0 -
Starting to sound like a good option for you.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.8K Mortgages, Homes & Bills
- 177.5K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards