How long can you serve in the British Army?
When you join the army, you sign up for 4 years. You can leave at any time after this as long as you give 12 months’ notice. If you want to stay you can extend your 4-year contract. With training and experience you could move up through the ranks or into a specialist unit like the commandos.
Can you share a loan with someone?
Joint borrowing is the process of taking out a loan or other type of financing with another person, often called a co-borrower. If your application is approved, the joint personal loan or credit card is issued in both of your names and you are both legally liable for repaying the debt.
Can a family member pay off my mortgage UK?
Yes, whilst paying off someone’s mortgage is an incredibly generous offer, it’s possible there could be some potential inheritance tax (IHT) implications for the recipient of your generosity at some point in the future. For IHT purposes, HMRC allows each person an annual gift allowance of £3,000.
How do I change the names on my mortgage?
How do I change the names on my mortgage? To change the names on your mortgage, you will need to contact your mortgage lender. They will be able to give you all the information you need, including the forms you need to fill out and the fees you’ll need to pay.
What is the highest VA benefit?
A 100% VA Disability Rating is the highest combined rating a veteran can receive for VA Disability. It is also known as a Total Rating.
What disabilities get the highest VA rating?
Disabling mental health conditions are generally regarded as “high-value” claims. This is because mental health issues are much more likely than neurological, skin, auditory, or most musculoskeletal conditions to receive a disability rating of 30% or higher.
Will my bank give me a second loan?
Yes. Many lenders allow multiple outstanding personal loans. You can take out a personal loan from multiple banks or online lenders, as long as you qualify. If you already have a lot of outstanding debt, however, a lender might not approve you for an additional loan.
What is the standard down payment for most conventional loans?
Most lenders offer conventional loans with PMI for down payments ranging from 5 percent to 15 percent. Some lenders may offer conventional loans with 3 percent down payments. A Federal Housing Administration (FHA) loan. FHA loans are available with a down payment of 3.5 percent or higher.
What is the VA rating for diabetes?
At the low end, your diabetes will be considered 10% disabling if it can be managed by diet alone. At the high end, your diabetes will be considered 100% disabling if you need insulin injections more than once per day.
Is anxiety a VA disability?
Thankfully, the VA now recognizes service-connected conditions like anxiety, depression, and adjustment disorder. Each of these can have a profound impact on your ability to live your day-to-day life and work. Despite this, veterans are still sometimes denied the benefits they need and deserve.
How can you tell if a soldier is real?
Verification of Military Service Please use the Defense Manpower Data Center’s (DMDC) Military Verification service to verify if someone is in the military. The website will tell you if the person is currently serving in the military. The site is available 24-hours a day.
Can I add a family member to my mortgage?
If you want to add someone to your existing mortgage you need to contact your mortgage lender to arrange it. They’ll send you documents to complete, it will be a similar process to a new application, so they’ll need to verify affordability, credit history and identity of the person you wish to add some to the mortgage.
How much does it cost to take someone off a mortgage UK?
The legal process Your solicitor will send the necessary transfer documents under their standard remortgage package. Remortgaging involves a basic legal fee of around £100–£200. If everyone agrees to the new terms, approval is a simple and quick event as long as all paperwork is present.
Can you get more than 100% from the VA?
Ultimately, the VA does not award disability ratings higher than 100 percent. Once veterans reach an 100 percent rating, the VA will pay them the highest compensation level regardless of additional disability ratings unless the qualify for SMC.
Can veterans fly for free?
What Is Space-A Travel? Space-A is a perk of the American Armed Forces, Veterans, family members, and other qualifying individuals in which flights can be taken on aircraft controlled or owned by the U.S. Department of Defense (DoD).
What is 70 PTSD rating?
Per VA’s rating criteria, a 70% PTSD rating reflects that you display impairment in most areas such as, work, school, family relations, judgment, thinking, and mood. 70% PTSD rating lists several symptoms that affect occupational and social function.
What is an 8020 loan?
An 80/20 loan was a type of piggyback loan, which is a home loan that’s split into two parts. It’s called an 80/20 loan because the first part is a mortgage that covers 80% of the home purchase price. The second part is either a home equity loan or a home equity line of credit that covers the remaining 20%.
Is a conventional loan good?
A conventional loan is a great option if you have a solid credit score and little debt. You can avoid needing to pay private mortgage insurance (PMI) by paying 20% of the loan upfront, which will lower your mortgage payments.
What is the hardest VA claim to get?
There are 1,343,013 disabled veterans service-connected for Hearing Loss. Pro Tip: If you’ve been out of the military for more than 12 months, Hearing Loss is one of the most difficult claims to get service connected and rated above 0%. Get a Medical Nexus Letter to improve your odds of service connected Hearing Loss.
Is tinnitus a VA disability?
Tinnitus counts as a valid disability by VA’s standards. On its own, however, it receives a very low impairment rating, making you eligible for only a small benefit amount. This is because VA does not consider ringing in the ears to be substantially disabling unless it is a byproduct of a more severe condition.