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Mortgage Holidays

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    #11
    Originally posted by Martin@AS Financial View Post
    Makes it sound great, all you can eat, free bar, tempting pool and great healthy tan included...

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      #12
      Originally posted by DimPrawn View Post
      I can see the new question on future mortgage applications.

      "Have you ever had a mortgage holiday (meaning you struggled to pay in the past)".

      Mortgage application rejected.
      Good! If a wobble 5 yrs and 11 months ago is relevant to a lending decision now, so should the fact that someone had to use a holiday in the current time frame, when they need a loan in 5 yrs and 11 months time.

      Payment holidays should show on credit history, end of.

      M

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        #13
        Originally posted by mjcp View Post
        Good! If a wobble 5 yrs and 11 months ago is relevant to a lending decision now, so should the fact that someone had to use a holiday in the current time frame, when they need a loan in 5 yrs and 11 months time.

        Payment holidays should show on credit history, end of.

        M
        Nah. Landlords could use it if tenants are having problems paying so just deferring until they can. Landlord shouldn't have a mark on his credit because he's helping a tenant out IMO.
        'CUK forum personality of 2011 - Winner - Yes really!!!!

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          #14
          Originally posted by DimPrawn View Post
          Rich contractors don't have mortgages. They have a massive house, all paid off, and 2 years warchest in cash waiting for the next downturn.

          Only permies are saddled with debt and misery.
          You only have 2 years warchest?
          I am what I drink, and I'm a bitter man

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