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Remortgage on benefits??
Han1175
Posts: 1 Newbie
Hi,
I was just wondering if anyone knows if I can remortgage whilst living on benefits? I know it sounds bad but I was thinking I cant get a credit card (already done the test on this site to see if I am eligible for one) but my credit rating is classed as good, although it does say I should get a credit card to make my credit score better??!!. I am fully debt free except for my mortgage and an overdraft, which is what I want the 'remortgage' for so I can get rid of that as well. Any suggestions would be great. I look forward to hearing from anyone about this issue.
I was just wondering if anyone knows if I can remortgage whilst living on benefits? I know it sounds bad but I was thinking I cant get a credit card (already done the test on this site to see if I am eligible for one) but my credit rating is classed as good, although it does say I should get a credit card to make my credit score better??!!. I am fully debt free except for my mortgage and an overdraft, which is what I want the 'remortgage' for so I can get rid of that as well. Any suggestions would be great. I look forward to hearing from anyone about this issue.
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Comments
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You are likely to be limited to a customer retention product from your existing lender to better your current rate.
You seem to be looking to remortgage to a new lender to borrow more, which appears unlikely if you have no earned income.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Why would you add an overdraft to an ongoing debt like a mortgage? How much is the overdraft?"You've been reading SOS when it's just your clock reading 5:05 "0
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hit the debt free wannabee forums to help with your debt issues. You need to cut back more especially on benefits and with a mortgage"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0
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