Mortgages for the Gay Community
Gay Mortgage - The Issues for you to consider
There is no such a thing as a "gay mortgage". Though there are a number of agencies offering special terms for the gay community, these are often simply bulk purchased deals that aim to tackle loaded premiums to ensure affordability.
Though the UK's Civil Partnerships Bill will hopefully change this, home ownership can be riddles with problems and obstacles for gay couples Banks and Building Societies sell mortgages. They also recommend Life Cover. However, their Life Cover may not be "gay-friendly".
InsolvencyHelpline.co.uk can talk you through the potential pitfalls as well as advise you on how best to organise your finances to secure the best value deal.
Gay Mortgage Advice
If you buy a property with your partner you may not enter into the best legal agreement for your circumstances. These issues are referred to as Tenancy In Common and Joint Tenancy. Contrary to popular belief, the Mortgage Loan and the Life Cover DO NOT have to taken from the same provider. In other words, use your Bank for your Mortgage Loan, and seek specialist advice for your Life Cover.
Call us now freephone on 0800 074 6918
Please Note:
The information on this page is based on that provided by www.gayfinance.info - independent financial advisers serving the UK 's gay and lesbian community for over 10 years. Gayfinance.info do not offer debt or insolvency advice but are specialists in providing personal financial advice on life insurance, pensions, investments and tax.
For further information visit the www.gayfinance.info website or call on 08000 1960 69.
IVA's
The IVA Guide
Money Advice Direct has put together an IVA Guide based on the enquiries and questions that we receive at our helpline offices.
In the guide we cover such subjects as IVA Approval, early settlment of your IVA, missed IVA payments, IVA failure, additional debt claims and much more.
[click here for IVA Guide]
What is an IVA?
The IVA is an extremely powerful tool enabling you to clear your debt and return to a clean financial bill of health. Visit Money Advice Direct's Guide to Individual Voluntary Arrangements (IVAs).
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DANGER
Due to the tremendous demand for debt consolidation services the United Kingdom is now overloaded with debt management companies that contain misleading information. [more...]