SOA - any advice?

getmore4less

edit: overlaped with previous post, even more I think you should SELL NOW before you can't)


I think if you plan to sell get the house on the market now price to sell, by next year prices will be lower and by more than any penalty. If planning to buy somewhere else you may be able to port the loan and reduce the penalty BUT I think you may end up with less than the mortgage anyway which will give you problems being able to buy anywhere else anyway you need to plan for this and look at rentals.

Interest only may still be an option, stick it out long term(but you need more money as well), totaly dependant then on the job then and pay rises, have another go at the lender, will they stretch the term a bit to reduce payments a bit.

BF needs to be paying more, food and some work on the car is not enough. where would he live and what would it cost him if not with you, you are cuurently getting into debt to support him he needs to make sacrifices and pay his way.

spare room get a lodger.

You don't need the life cover you have nothing to cover.

I think you can get the budget to ballance so things do not get any worse but negative equity is a real posibility and it will be tight so any emergency and you have problems.

So I think you need to decide sell or stay,
if sell get on with it,
if stay get more money coming in.

redsquirrel80

When it comes to presents - how about signing up to some of the survey sites that pay in vouchers so you can use these to pay for gifts?

I know that everyone has things they don't want to compromise over, but I would seriously think about finding a cheaper hairdresser, even if it's just until you sell the house. If you take out the present and hair amounts, you'd be breaking even - for me, that would be a huge motivation to cut those down.

Although you can't take on another job, I would have a look at the 'Up Your Income' board on here - little bits like eBay, surveys etc all add up (if you look at my signature, the amount raised from 'extra stuff' since February is all from things like that - other people have managed even higher totals than that).

Good luck - there will be a way out of this, you just need to be determined x