We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Mortgage Misery-Help save our home!

2»

Comments

  • sammyjammy
    sammyjammy Posts: 7,979 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    If her boyfriend is self employed/working then they won't get any help with the mortgage, any money she is entitled to would depend on NI contributions.
    "You've been reading SOS when it's just your clock reading 5:05 "
  • Thank you so much to poppy10 and sammyjammy for their advice, sorry I've not been on here for a while had problems with my health-too much stress I think?!
  • Leon_W
    Leon_W Posts: 1,813 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    The test I always ask in this sort of situation is......

    If you had to rent a house very similar to yours in the same area how much would it cost ?

    If it is significantly below what you are paying on an interest only mortgage then there is a compelling argument to sell and rent. If it's the other way round then explore ways of trying to hold on.

    As Ian mentioned, C&G will cherry pick NR customers so you have to plan on the basis that you are stuck with NR until you definately know otherwise. My gut feeling is that if you are struggling then you would not have enough income to support a C&G mortgage on one income.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.8K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.8K Work, Benefits & Business
  • 600.2K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.