Now redundant do i put it on mortgage

nanmas

My husband has recently lost his job, i have 2 loans totaling 7 thou, one finishes in 29 mth one in 48 mth and with my mortgage £700 a month the 3 combined going out, should i consolidate and put it on my mortgage as a homeowner loan, then put it on interest only, can you put a homeowner loan on interest only?? it would cost more in interest or do i just bite the bullet and let them run the course? my hubby lost his job on wednesday, my son on saturday! can it get any better?

immoral_angeluk

two words. HELL NO. What if you start defaulting on the additional payments? You're at risk of losing your home. You're better off having a look at your WHOLE debt situation and looking at alternative solutions such as negotiating temporary reduced payments.
Is your husband entitled to any contributory JSA? Check your benefits situation now that your income is reduced. https://www.entitledto.co.uk Have you got any payment insurance on the loans?

nanmas

No ppi, as a teacher at college we thought his job would be safe forever!

_Andy_

With no income you won't get any secured borrowing.