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Rent Tips | Mortgage Tips
As the credit crunch is affecting most of us, it is evident that people are struggling in the general running of their daily lives. At Debt Advice we not only try and help people with their debt problems, but we also offer advice on how to try and get the most out of your money, assets and income, including tips and hints on minimising outgoings and lowering your debts.
Get the most from your mortgage/rent
See our helpful hints and tips below on how to budget and get the most from your rent or mortgage. We are constantly updating this area of the website, so check back soon for more updates.
Remortgaging
If you are a homeowner, are struggling with your debts and are eligible for a remortgage, then you are in a great position. It could save you a lot of money, by reducing your monthly costs by a significant amount. If you are thinking about remortgaging or simply want some debt advice before you do anything, contact us at Debt Advice. You can phone our lo-call helpline to our debt counsellors on 0844 56789 44.
Interest Only
Switching your mortgage to interest only can be beneficial for short term profitability. Like remortgaging it will reduce your monthly outgoings, because you are not paying off the capital of the property. This can help you get on top of your debts and finances. If you are thinking about switching your mortgage to interest-only or simply want some debt advice before you do anything, contact us at Debt Advice. You can phone our lo-call helpline to our debt counsellors on 0844 56789 44.
Lodgers
Getting a Lodger can be a great way of helping with your monthly outgoings. If your mortgage is too high this is one of the most successful ways to gain an extra few hundred pounds per month and quickly too. You have complete control over how long it is for.
With a full time lodger, you can take home £4,250 without paying any tax. If you are thinking about getting a lodger to help with your mortgage or your debts, or simply want some debt advice before you do anything, contact us at Debt Advice. You can phone our lo-call helpline to our debt counsellors on 0844 56789 44.
House Sharing/Renting
At present, it is a renters market and renting can be quite expensive. If you are renting a house and have a spare room in it, perhaps you should look into house sharing with another individual. You may need to discuss this with your landlord but you could cut your monthly rent in half, leaving you with money to pay off debts and pay bills. If you are a renter and your lease is expiring soon, perhaps you could be the person to look into house-sharing in another house. It may be an upheaval at first, but could again end up saving you a lot of money, even as a temporary fixture. If you are thinking about house sharing as a way of freeing up some money and helping with your rent, or simply want some debt advice before you do anything, contact us at Debt Advice. You can phone our lo-call helpline to our debt counsellors on 0844 56789 44.