What is Family Income Benefit?

Many people make sure that their mortgage is paid off in the unfortunate event of their early death, but few people consider where their income would come from if a partner died and they had to stay at home or go part time to bring up the children.
Family Income Benefit of FIB provides an income on death for a fixed period of time, usually until the children have gone into work, or University. Every client I quote for FIB is always amazed at how little the monthly premiums are for such important cover.

Life is not over with CCJ's

I increasingly get calls from people either with a mortgage or looking for one who have got either a default notice or worse still a CCJ. Lenders used to flutter their eyelashes at these people and think about the increased margins, however they are now as welcome as a new TV series about Essex girls in Essex!

If you have bad credit registered over 2 years ago, all is not lost. A few lenders will offer deals at lower 70% Loan to Value. If you have had adverse credit registered in the last 12 months, things still look very bleak.

A glimmer of hope would be opening a bank account with a lender like Barclays and manage your bank account as though it is one of the family, pay your wages in and be proud to look at your statement at the end of each and every month. Barclays might just after 6 or 12 months give you a pre-approved mortgage limit which requires no further credit checking.