moving mortgage???

[my wee man]

Hello Not sure if i'm in right place....My husband has losted his job..and are now on benefits...we have our mortgage with UB...of which our interest is now up to 4%...know halifax has lower dis.fixed rate.....Question is would we be able to move our mortage now we are on benefits????any advice would be grateful

[jansus]

sorry can you explain a bit of detail- who are UB?

 

Is your account up to date?

 

do you have large equity in the property?

 

How long have you been on benefits?

[Ell-enn]

Is UB Ulster Bank?

[MortgageTalk]

Very difficult. One of the main factors for assessing mortgage affordability is earned income, and I am positive no responsible lender (including the Halifax) will lend whilst you have no earned income.

[my wee man]

yes ub...is ulster bank.account isup to date.house valued @ 110,000 mortgage now 55,000 with 17 years lefted.been on benefits about a year now.

[zander]

Hello Not sure if i'm in right place....My husband has losted his job..and are now on benefits...we have our mortgage with UB...of which our interest is now up to 4%...know halifax has lower dis.fixed rate.....Question is would we be able to move our mortage now we are on benefits????any advice would be grateful

 

Sorry but no.