My experience of Digital Mortgage Broker Habito.com

I’m very British in that I’m not very comfortable talking about money sometimes. It’s not that I have anything to hide, I just like to keep some things private (yeah, that’s right, a blogger who keeps some private, you can’t put those eye brows down.) This is one thing I’ve had to overcome though recently as one of the huge downfalls of divorce, part from the blindingly obvious, is that you have to disclose every single penny you earn and spend to your solicitor and future ex spouse.

So while I’m on this big money sharing adventure <cough> I thought I’d write a post on one of the things I’ve had to do recently to help keep a roof over my kids heads and start a new independent life and that’s remortgage my house. No mean feat I should add at this point given the fact I’m self-employed and mortgages are pretty hard to come by at the moment.

Throw in the fact I’m a single mum of 3, working like crazy to try to raise said mortgage, so time is not in abundance to scour the internet. Which is why I am putting the task into the hands of the professionals and using digital mortgage broker habito.com to see if they can work miracles for me.


After an initial 5 minutes quick round of questions which helped give me a general idea to find out my maximum borrowing amount, along with an illustration on how much my payments would be, it was onto the next round. There are no credit checks at this point which is a relief!

It was then onto more detailed set of questions, still in the friendly, easy to follow format and again didn’t take much time. Finally I answered a few future plans questions, like do I intend to have more children, move ect which gave little snippets of advice on which style mortgages would be better for me.

My experience of using a digital mortgage broker

 

Once that was all completed it was then all down to the option of having a chat with an adviser either though live chat or telephone. I’m a huge fan of live chat as I often have an equally chatty 3-year-old who battles for my attention the minute I get on the phone.

And that’s where I’m going to leave it there as my British-ness has kicked in again and what goes on between me and Habito.com stays between Ali & Habito.com. But I can say that it’s was quick, stress free and that I’m still sticking by my claim that some things are worth leaving to the professionals.

My experience of using a digital mortgage broker

Disclaimer

I am a member of the Mumsnet Bloggers Panel, a group of parent bloggers who have volunteered to review products, services, events and brands for Mumsnet. I have not paid for the product or to attend an event. I have editorial control and retain full editorial integrity. I have received a voucher in return for writing this post.

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Child maintenance options: Which one is right for you?

When you separate with your children’s / child’s father or mother, so many factors come into play. Such as how often they’ll visit the other parent, will you stay in the family home and how will you manage childcare if you’re working. One thing which is essential in establishing from the start, though, is child maintenance; it offers regular support for single parents raising their child without their partner regardless of what situation the relationship ended.

In the UK, over half a million children benefit from child maintenance and if you are considering setting up such an arrangement it’s worth looking into your options. Here are some of the most common ones when arranging child maintenance. It’s not always a one size fits all.

Family based arrangement 

This is a child maintenance arrangement which is organised by the parents looking for flexibility and avoiding having to go to court.

It’s best if the two parents meet at a time suitable for both, to discuss their financial situations and to decide how much money their child needs on an everyday basis. This should factor in costs such as accommodation, clothing, school uniform, school trips, after school activities and groceries – these costs will vary depending on the age of your child so it’s a good idea to write out a list of exactly what is being spent.

You can then either split the difference of these costs, then the partner not living with the child transfers this money on a monthly basis or you can base it on a means tested basis. It’s a good idea to calculate how much would be expected to be paid if you were to take on a statutory child maintenance arrangement and base the costs around this. For more on what to include in a family based arrangement, take a look at the Child Maintenance Options website.

Statutory child maintenance 

This arrangement is there for parents who cannot come to an agreement or if there is no contact with the partner no longer living with the child. Statutory child maintenance is arranged through the Child Maintenance Service and will require parents using the service to pay a fee of £20 and percentage fees for collecting the money owed.

However, these fees can help encourage a difficult partner to make their payments regularly, and the Child Maintenance Service can also track down the parent if you do not know their whereabouts after separating and also issue enforcement charges for those who do not pay their child maintenance on time or in full. This fee removes negotiation between the parents and instead the Child Maintenance Service will decide how much the other parent pays based on their income and situation. This is sometimes the better option where domestic violence was evident too.

If you have particularly low income, you can also claim child tax credit  from the Government that is dependent on your circumstances. You can read more about these child benefit options here, as well as discovering how to apply for them.

It’s all quite a mine field but there is plenty of support site out there to help navigate these early months. Check out Gingerbread, which is a fabulous website for single parents.

 

Disclaimer

This is a collaborative post 

 

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