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anyone know where i can get some decent financial advice re: mortgage debt
Former Member
Posts: 1,876,323 The Mix Honorary Guru
i live with my mum and i pay her rent where possible, however she's been out of work for over 18months and we're in £2000 capital arrears (interest is paid by benefit) and the mortgage company is threatening us
the annoying thing is that we're in massive equity now, like 60k left in capital and house is still worth 200k+
tbh i dont mind losing inheritance, my main concern is my mum having a roof over her head, so there must be some kind of compromise possible somewhere since we're in an unsound but still liquid
hell im tempted to apply to take over the mortgage myself on my shitty wage cause it's only 3 times my salary left to pay, i just want my mum to have a stable roof over her head
the annoying thing is that we're in massive equity now, like 60k left in capital and house is still worth 200k+
tbh i dont mind losing inheritance, my main concern is my mum having a roof over her head, so there must be some kind of compromise possible somewhere since we're in an unsound but still liquid
hell im tempted to apply to take over the mortgage myself on my shitty wage cause it's only 3 times my salary left to pay, i just want my mum to have a stable roof over her head
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Comments
http://www.nationaldebtline.co.uk/
Or your local Citizens Advice
You can also try the Consumer Credit Counselling service (CCCS).
They offer free and confidential online debt advice with a useful debt remedy tool as well.
Or, you can call them free on 0800 138 1111.
It sounds like a difficult time for you right now and worrying about your mum must be stressful. Is there anyone you can talk to, another family member perhaps?
All the best, let us know how things progress
gah so frutrating, tempted to just sell up and buy a similar sized house in dagenham which is only 15mons away lol