Advice Needed, Mortgage Tie In Ended, Help Please!!!!

ruthb1

Hi,

I am looking for a bit of advice , my mortgage deal with northern rock is ending next month and i am out of my tie in which at present is 4.69%. I am now being told by northern rock that my new rate is SVR which is going up £200 a month. I am at my wits end, how are we going to manage, we have two kids and i always seem to make the wrong decsion in life. we are just about living at the moment. Just need advice as to what other members would do in my position.

My current mortgage is £1300 per month

it is going up to £1500 per month

My problem is:
1) We havent got a good credit rating, so would i get another mortgage deal

2) my partner has health problems, so getting an insurance to tie in with the mortgage, is not an option and i dont know if other lenders would be prepared to accept this.

3) do i sell

4) do i try interest only

i am really at a loss at the moment and worrying myself sick, please any advice would be greatly appreciated


thanks

from a worried mum


ruth

Toughluck

Can you supply the following please;

What adverse credit oyu have )CCJ's defaults, mortgage arrears in the last 12 months)?

Your Rock settlement in full apporx?
House value.

ruthb1

hi,

i have no ccj's i have defaulted on a few payments

mortgage: 1 month behind

northern rock settlement 168,000

house value 220,000.

thanks


ruth