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!

Mother's Shortfall Endowment mortgage

Hi,

I'm really looking for a bit of advice, my details my be a little incomplete but I will try to give what I can.

Years ago (at least 20) my mother took out a Endowment mortgage, she has been informed that there is going to be a shortfall on the mortgage and she will be short(something like 8k). The trouble is she doesn't really know how she can make up the money.

She has called her bank and because of hers and my dads age they are not able to remortgage.

She has asked her bank for a loan but they are not willing to give one, which I don't really understand because she has a £800 credit card and a couple of hundred pound overdraft.

I'm really looking for options here, she is stressing so much about it she hasn't even talked to me about what she can do, which she normally would.

My parents are both on the sick, have no savings and don't really have allot of money but I'm sure there is come kind of solution for them.

Thanks very much.
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
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.1K 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.