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Ill health
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luckyjim_3
Posts: 10 Forumite
in Scotland
I will be shortly retiring through ill health.
I will have £22000 lump sum .AND have A £19000 MORTGAGE .
MY pension will only be about £250 per month.and £64.30 per week emp. suuport allowance.my mortgage payments are £401 per month.
wiife is retired 0n £108 per week
Should I CLEAR MY MORTGAGE totally undecided what to do.
I am unable to work and 60 YEARS OLD.
P.S. IF I AM ON THE WRONG PAGE I AM SORRY
I will have £22000 lump sum .AND have A £19000 MORTGAGE .
MY pension will only be about £250 per month.and £64.30 per week emp. suuport allowance.my mortgage payments are £401 per month.
wiife is retired 0n £108 per week
Should I CLEAR MY MORTGAGE totally undecided what to do.
I am unable to work and 60 YEARS OLD.
P.S. IF I AM ON THE WRONG PAGE I AM SORRY
0
Comments
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Think you need advice from a recomended financial advisor if you can't get this advice from your employer. You might be better off on the mortgage-free wannabe or pensions, annuities and retirement planning board.0
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Hi Jim,
I would suggest you post this on the debt free wannabe section of the forum. The people over there will be able to give you plenty of advice and help as to what to do.
xxLBM 17th August 2009 Debt at LBM £18,612 Proud to be dealing with my debts.0 -
Hi & welcome luckyjim to MSE
Pop over to DFW & repost your query.I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.0
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