That was scary; now to tackle the remaining mortgage

Thanks all - wasn't sure anyone would read this , I know I read other folks but didn't know if mine would be the same.

TBH cha97michelle while its such a relief that OH has got work, its not a job he'd have picked but there is very little going up here job wise. He was very upset about the impending redundancy and because of his age wasn't sure about job prospects [he's 56 which is not a brilliant age to be starting again]. He was made redundant once before years ago and it was so much easier then to get work but times feel so different now. So he's grateful to have work but I do worry about whether it'll be ok for him - there's loads of travelling in it. Oh well, one day at a time.......

Also from one of the other jobs he went for and didn't get he got an offer of some occasional freelance training work which he started this week. This will help as well and they were very pleased with how it went and have booked him for October already :j. He was a bit gob smacked though when I pointed out that he'd have to register with HMRC and do a tax return. It should be lemon squeezy though and I can do that as have been doing mine for years.

I said earlier I'd do a bit about us so if everyone isn't too bored this is the background. We're a lot older than most MFW I think from reading the boards. We always lived in council accomodation down south but wanted to move back to Scotland and the only way to do that was to buy SO we took out our first mortgage aged 50 and 51. We had quite a big deposit [being so aged ] and needed £100,000 mortgage which we took out in 2004 over 15 years ie up to retirement age :eek: :eek:. So, thats another reason to be MF ASAP as don't want to be paying it right up until pension age.

We were with Halifax for first 2 years but too skint to overpay as I couldn't get work at first. Then we went to Northern Rock and would have stayed with them BUT the crash happened and when our fixed rate came to an end the only rate they were offering was ridiculous so we moved back to Halifax and are on a fixed rate for 5 years at 6.04%. So, we haven't benefitted from the low interest rates but at the time we remortgaged, I'd just gone self employed again and had no idea of what my income might be and OH was only working 3 days a week so we needed to know what our outgoings would come to each month. We can overpay up to 10% annually and just put in when we can. OH was a bit sceptical at first but is very much on board now and keeps coming up with sneaky overpayments which is great.

Hope no one is asleep now after reading this! Just off to put the dinner in the oven - have a good evening everyone X

greent wrote: »

Hello and welcome to the MFW boards!

I can sympathise with you. My OH was made redundant twice last year - I was 36 weeks pregnant with no 4 the first time (and didn't qualify for MA as earnt v little as s/e massage therapist due to economic downturn ) He went to a full time permananet position straight away and then the funding was cut and was made redundant again only 7 months later so no payout. With 4 children our only income was JSA for 13 weeks - with a basic mtge payment (before OPs) of over £1K! He's now a s/e contractor - on his 2nd contract - thankfully only a 2week gap between the 2, but this one only runs for another 2 months - and then it's getting to that time of year where people aren't really recruiting much...

Good luck with your quest! You've done well so far! Glad the impending threat has gone

Goodness what a roller coaster you have had. We don't have any wee ones but I think it must be more stressful if you have? Hope there isn't a gap before the next contract for your OH. Are you still doing massage? A friend of mine does it too and found like you that its one of the things that people drop when times are tough. Good luck.