Mortgage break ( maternity leave)

epsilondraconis

Icey77 wrote: »

I wouldn't have thought so, fixed rate mortgages usually have a specific end date to them after which you revert to the standard variable mortgage on offer. This caught me out when I got a 4.84% mortgage with A&L - I assumed the 2 years meant 2 years into my mortgage not 2 years from when I got the offer with an end date of 30/6/8 :rolleyes:

I have just arranged my re-mortgage at 6.04% for another 2 years as I am effectively stuck (for the moment) with A&L but that's another story

I didn't think so either, but thought I would ask the question anyway. Thanks for the feedback Icey77. Hope everything works out for you with A&L.

Robin81

I know this is an old post but great to see their is always another option for these things.

Tom_Pickering

Robin81 wrote: »

I know this is an old post but great to see their is always another option for these things.

Yes, interesting thread. People could put down maternity holiday, even if not expecting a baby to gain a little breathing room. Wonder how a lesbian or gay couple could use this to their advantage

Robin81

Tom_Pickering wrote: »

Yes, interesting thread. People could put down maternity holiday, even if not expecting a baby to gain a little breathing room. Wonder how a lesbian or gay couple could use this to their advantage

I'm fairly sure from what I've seen that you have to provide a copy of the birth certificate if stating maternity leave as the reason so maybe not.

dimbo61

Dana18 you need to speak to your lender Nationwide
But you have only had the mortgage for 1 year! you only have 10% equity if that ( new build) and Nationwide may well not want you to increase your debt as LTV poor

Thrugelmir

dimbo61 wrote: »

Dana18 you need to speak to your lender Nationwide
But you have only had the mortgage for 1 year! you only have 10% equity if that ( new build) and Nationwide may well not want you to increase your debt as LTV poor

The post was made in 2008.....................