A lower payslip can look alarming when you are considering a mortgage on maternity leave, but it does not always represent the income a lender will use for the whole case. We look at the temporary income position, the expected return to work, any change in hours and...
After a separation, the real issue behind mortgages for single parents is rarely the label itself; it is whether one household can support the borrowing once income, maintenance, childcare, debts and ordinary living costs are counted. We often find that the salary is...
Mortgage payment protection insurance can provide a temporary monthly benefit when accident, sickness or involuntary unemployment interrupts earnings. For a household dependent on one salary, the practical question is how long savings and employer support would keep...
Remortgaging should be reviewed as a complete financial decision, not as a race towards the lowest advertised rate. The right route depends on the existing mortgage, the costs of leaving it, the borrower’s current circumstances and the plans for the property. A...
Life Insurance and your mortgage belong in the same conversation when a household could struggle to keep its home after a borrower dies. For a couple taking on a long mortgage, the useful question is not whether insurance sounds sensible in theory, but what financial...
