Daughters ex becoming redundant

Renee

My daughter's ex has just been told he is being made redundant.
She works part time, has 2 young boys, both at school & has a mortgage to pay.
What should she do.

Any advice would be appreciated.

Glen0000

If he is your daughters ex, what does it have to do with her?

Mutter_2

Glen0000 wrote: »

If he is your daughters ex, what does it have to do with her?

Get out of bed the wrong side this morning eh Glen?:eek:

Renee

It means that he wont be able to pay the childrens maintainance

lrr_2

Not much you can do im afraid. If he gets Job seeker allowance you will probably only get £5 per week thats what happened to me. And sometimes you dont even get that!

SandC

I would say do nothing for the moment. If he doesn't have a job, then no, he won't be able to pay maintenance, but you don't know how long he is going to be out of work - he may do just about anything just to have some money coming in.

I would wait and see what happens, but whilst it will be a struggle for your daughter and children no doubt, he is the one who will be without any income whatsoever. I am sure he doesn't want the kids to go without but the choice is not his so perhaps a little thought to him and his situation would be better in the short term? Losing your job is awful and he will be under enough stress and pressure just trying to get to grips with that at the moment.

Renee

Thanks SandC, nothing against the ex, I know he's a hard worker but it's my daughter & grandsons that I'm concerned about.

MrsTinks

Hopefully your daughter or her ex have a repayment insurance on the mortgage in case of redundancy? If not her only choice is to either get an income herself or speak to the mortgage company and ask for a payment holiday... and hope her ex gets a new job asap.
Ultimately she cannot have what he doesn't have to give...
I take it she has looked into any benefits she might be entitled to as her support from her ex is going to cease (through no fault of his obviously!)? if not have a look at www.entitledto.co.uk I tihnk it is...

swiss69

I think the payment holiday or going interest only on the mortgage is a good idea short term. Another tip I found while working in the business is that many lenders only class you as being in arrears on your mortgage if you are one month or more in arrears. If the account is clear at the moment and the mortgage is say £300 per month then you can sometimes just pay £1 to your account and you will be in arrears but less than one month so it is not picked up on the bank radar. Obviously not ideal solution but might be worth checking if thats the case with her lender just for the short term.

Could she maybe go full time for a while and he could take/pick the kids up from school for a while or if not him , maybe you could.

Could you help her out short term until he is back in work. If I had the income or savings then this would be an option for me.

Renee

Swiss69 Thanks for the advice, she's seeing the mortgage advisor on Friday and will go from there.