Should the Royal Navy reject your application due to your financial circumstances?

As has been stated; most lenders will consider a payment holiday for a few months but have you thought about changing the mortgage to interest only for a while too? could save a lot of outgoings by doing that.

Kind regards.
 
[TW]Fox;11806647 said:
He didnt ask for advice, he asked for views.
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Yes, I later realised that, and was going to apologise, until I read this comment:
[TW]Fox;11806264 said:
Hang on why am I wasting my time, I've just realised you are Ben M. Doh!
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Which makes me inclined to not apologise to you, so I won't.
 
Stinky said:
most lenders will give you a Payment holiday etc.

cant belive the amount of stick you got for this thread lol
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If you take a payment holiday, all that means is that when you start paying again your monthly payments would have gone up.
 
Latest pay rates for a new entrant in the Royal Navy is 13K/year or approx 1084/mth (sorry...no pound sign on this keyboard).

Deduct Income Tax, N.I and ?how much for food & accom.

I guess their right about 7-800/mth...blimey :mad:

Maybe you should rationalise your dream with your commitments and the low Armed Forces entrant salary...can you manage/afford to join?
 
[TW]Fox;11807397 said:
Cry me a river.
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Did I ask for sympathy? No, I didn't. I said you were a **** so I'm not going to apologise, you just illustrated again my point.
 
Some of you in here are really harsh tbh.
If someones joining the armed forces they are serving the country, sometimes they deserve a hand.

Think its the AUS Navy who pay sailors mortgages whilst said sailor is at sea serving, something along those lines, they treat their forces so much better than we treat ours.

Bull**** do the armed forces not have much money, someone is saying they cant even kit our soldiers out, yes they can but since they are the armed forces they get ripped off for everything.
OP maybe look into refinancing your debts so its less a month or something, you can always refinance it to a higher amount once you finish training or whatever. If you want to rack up some quick money go submariner.
 
Dead0rAlive said:
I just thought that with recruit numbers not where they should be, that they might be willing to do so. Separates those who really want to join, from the ones that are a bit lost, and decided to go for it, as it gives them direction in life and something to work towards.

I do have a well paid job, and if I didn't have the responsibility of looking after my mum, then I think I would be quite financially secure for someone my age. But I am willing to try something new with my life and I just wanted to see what my options were when applying to the Royal Navy.
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If they gave it to you they'd have to give it to everyone - not their job to be servicing your mortgage anyway.

Tbh... They don't generally want to have people with debt problems you'd never pass developed vetting for a start and they wouldn't want you worrying about things like debt when you're on operations abroad.

If you're really serious about joining the navy then why not try the RNR - you can't afford to join up full time at the moment but RNR would give you a bit more cash and allow you to serve overseas on royal navy ships. If it works anything like the TA then they will pay you your civilian salary - basically you could get to serve full time, on operations and get paid enough to still pay the mortgage.
 
Bear said:
If you take a payment holiday, all that means is that when you start paying again your monthly payments would have gone up.
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Cheers Bear, note taken.. Saves a phone call.

pattojones said:
Latest pay rates for a new entrant in the Royal Navy is 13K/year or approx 1084/mth (sorry...no pound sign on this keyboard).

Deduct Income Tax, N.I and ?how much for food & accom.

I guess their right about 7-800/mth...blimey :mad:

Maybe you should rationalise your dream with your commitments and the low Armed Forces entrant salary...can you manage/afford to join?
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Sad but true pattojones. I wish the reality wasn't as harsh as it sounds.
Like you said before, this is something I should have done when I was younger. As with the commitments I have, I should look else where, because after all the hard work I've had to do to get this far, there is no way I am going to quit now. I'm determined to hang on to my space on the property ladder. I just wanted to see what I could do with my life in this current situation.

peetee said:
Some of you in here are really harsh tbh.
If someones joining the armed forces they are serving the country, sometimes they deserve a hand.

Think its the AUS Navy who pay sailors mortgages whilst said sailor is at sea serving, something along those lines, they treat their forces so much better than we treat ours.

Bull**** do the armed forces not have much money, someone is saying they cant even kit our soldiers out, yes they can but since they are the armed forces they get ripped off for everything.
OP maybe look into refinancing your debts so its less a month or something, you can always refinance it to a higher amount once you finish training or whatever. If you want to rack up some quick money go submariner.
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So its not unheard of then that the armed forces can afford to support a service man or woman with financial aid.

Submariner.. That sounds like an interesting experience.
 
dowie said:
If they gave it to you they'd have to give it to everyone - not their job to be servicing your mortgage anyway.

Tbh... They don't generally want to have people with debt problems you'd never pass developed vetting for a start and they wouldn't want you worrying about things like debt when you're on operations abroad.

If you're really serious about joining the navy then why not try the RNR - you can't afford to join up full time at the moment but RNR would give you a bit more cash and allow you to serve overseas on royal navy ships. If it works anything like the TA then they will pay you your civilian salary - basically you could get to serve full time, on operations and get paid enough to still pay the mortgage.
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I know its not their job to be servicing peoples mortgages. I understand that.

When you enroll, you are offering them a minimum between 3 - 5 yrs of service. You sign a legal contract. You cant leave without buying yourself out of it.

So during your service time, for those who already have family's and homes, why not introduce this as a benefit to the service men and women who take their life and career seriously, to be given an opportunity to help secure a life for them, or loved ones, while they are away serving their country?

This to me, would be a good moral booster. It would give service men and women a drive to earn more money and have something to come home to when their tour of duty is over, or when they have done their required amount of service time.
 
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Because it would have to be available to everyone, they don't want people with debt in the first place(for good reason), it isn't their job and the amount of people for whom it is relevant is tiny. There would be an option for most to sell their house or rent it out - I doubt there are that many people paying off the entire mortgage for an elderly mother in order to warrant the high level approval and changes in legislation necessary to facilitate what you're asking. They will provide you with accommodation, they will provide you & your spouse with accommodation (once you've passed out). They are not going to finance you with extra pay/loans so that you can send money to other family members such as an elderly mother - that is just absurd.

If you're keen to join the armed forces then good for you; if joining full time isn't feasible because you want to give your mum x amount per month and the salary won't cover this then join the reserves.
 
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