Comments on: Schadenfreude & DNA http://www.georgeemsden.co.uk/2008/05/schadenfruede-dna/ Guidance with a Difference for People with Cancer Tue, 07 Feb 2012 13:31:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Big Surf & Schadenfreude — George Emsden http://www.georgeemsden.co.uk/2008/05/schadenfruede-dna/#comment-312 Big Surf & Schadenfreude — George Emsden Fri, 30 Apr 2010 13:25:19 +0000 http://www.georgeemsden.co.uk/?p=135#comment-312 <p>[...] * http://www.georgeemsden.co.uk/2008/05/schadenfruede-dna/ [...]</p> [...] * http://www.georgeemsden.co.uk/2008/05/schadenfruede-dna/ [...]

]]> By: Chrystine Payjack http://www.georgeemsden.co.uk/2008/05/schadenfruede-dna/#comment-174 Chrystine Payjack Fri, 09 May 2008 08:58:59 +0000 http://www.georgeemsden.co.uk/?p=135#comment-174 <p>P.S. Further to mortgages George. I came across a new type of mortgage that I had never heard of before - a mortgage for 'no status clients?' (<strong>non-status</strong> is where you do not have to prove income - self-employed people might use this route where their books might not be up to date, for example).</p> <p>I am told this is a mortgage where your mortgage is less per month based on the savings you have banked with that lender i.e. you save with a lender, and the lender pitches your mortgage offer based on your savings with them (I presume due to the money the lender is already making on those savings.) If your savings are large enough they assume you could pay for a home/morgage and that is their assurity. In this case, I would only be taking out a mortgage for tax purposes. They give you a lesser interest rate based on those savings.</p> <p>The mortage increases as you/if you take away your savings with the lender. What are the advantages and disadvantages to do with this type of morgage? What should I be wary of for me if I went into this?</p> <p>(Not exactly sure what you mean here:</p> <p>Saving with a lender used to be a way of increasing your chances of getting a mortgage, but probably only applies to smaller building societies now.</p> <p>Otherwise, I wonder if you are referring to an OFFSET mortgage where your savings are set off against the amount of the mortgage loan and you only pay the interest on the <em>net loan outstanding</em>. This can be very tax-efficient and worth considering especially for people who pay 40% Income Tax) HTH</p> P.S. Further to mortgages George. I came across a new type of mortgage that I had never heard of before – a mortgage for ‘no status clients?’ (non-status is where you do not have to prove income – self-employed people might use this route where their books might not be up to date, for example).

I am told this is a mortgage where your mortgage is less per month based on the savings you have banked with that lender i.e. you save with a lender, and the lender pitches your mortgage offer based on your savings with them (I presume due to the money the lender is already making on those savings.) If your savings are large enough they assume you could pay for a home/morgage and that is their assurity. In this case, I would only be taking out a mortgage for tax purposes. They give you a lesser interest rate based on those savings.

The mortage increases as you/if you take away your savings with the lender. What are the advantages and disadvantages to do with this type of morgage? What should I be wary of for me if I went into this?

(Not exactly sure what you mean here:

Saving with a lender used to be a way of increasing your chances of getting a mortgage, but probably only applies to smaller building societies now.

Otherwise, I wonder if you are referring to an OFFSET mortgage where your savings are set off against the amount of the mortgage loan and you only pay the interest on the net loan outstanding. This can be very tax-efficient and worth considering especially for people who pay 40% Income Tax) HTH

]]> By: Chrystine Payjack http://www.georgeemsden.co.uk/2008/05/schadenfruede-dna/#comment-173 Chrystine Payjack Fri, 09 May 2008 08:45:20 +0000 http://www.georgeemsden.co.uk/?p=135#comment-173 <p>Thanks for letting us know about the Tickell Arms - My home of default (the boring but safe option of choice after you calculated my financial means) is very near Cambridge - How near is Whittesford to that? (about 8 miles) Louise is home from college in a month and we often do a day's mother daughter bonding trip to Cambs - it is such a beautiful city. Will check out your recommendations next time.</p> <p>Is Eagle Tavern near city Centre? (yes, very near - Benet Street is just off King's Parade)</p> Thanks for letting us know about the Tickell Arms – My home of default (the boring but safe option of choice after you calculated my financial means) is very near Cambridge – How near is Whittesford to that? (about 8 miles) Louise is home from college in a month and we often do a day’s mother daughter bonding trip to Cambs – it is such a beautiful city. Will check out your recommendations next time.

Is Eagle Tavern near city Centre? (yes, very near – Benet Street is just off King’s Parade)

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