Did you know you don’t have to have a term that ends when your Military Service does? With Gratuity Pay when you leave this can be paid as a lump sum from your mortgage. Have a listen to the 60 second clip and if you need to know more get in touch via email hello@patrickjamessolutions.co.uk Your home may be repossessed if you do not keep up repayments on your mortgage.
hello and welcome to today’s 60-second snippet into the mortgage world today’s subject is gratuity. For the forces so at the end of your term of service you receive a lump sum that’s specific to you and your career. Now when that lump sum comes you will do one of many things and that’ll be all up to you. When you speak to us about mortgage advice we take that into account because you are not planning in taking a 30-year term, for example, when you retire from the forces in ten years to just retire. We understand your way of life we’ll have that discussion with you and this gratuity payment that you are going to receive normally the intention is I’ll just pay off my mortgage. So what we can look at is you, your circumstances, understand in your career and build it in a recommendation that would suit.