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intrest only mortgages
storeton
Posts: 70 Forumite
I have a intrest only remortgage which is due to finish when I am 65 in 7 years time.
At this time I have not or have not worked through illness.
I receive a monthly sickness/redundancy payment from an insurance company which will finish when I'm 60 in 3 years.
Now apart from the obvious and selling up what can I plan for the next 3 years?
Will the state help in anyway?
remembering this is a remortgage I have, and their benefits only go on original mortgage value which is a fraction of my remortgage.
thanks for any input
Tony
At this time I have not or have not worked through illness.
I receive a monthly sickness/redundancy payment from an insurance company which will finish when I'm 60 in 3 years.
Now apart from the obvious and selling up what can I plan for the next 3 years?
Will the state help in anyway?
remembering this is a remortgage I have, and their benefits only go on original mortgage value which is a fraction of my remortgage.
thanks for any input
Tony
0
Comments
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You have omitted to say how much you owe the lender.0
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£179000 on £250000 property0
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I can't see why the state would help in this situation - have you no repayment vehicle in place at all?0
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