Frightened about my future

mouseann

jinny wrote: »

Hi Ann i am in the same position as you i want to rent in the near future. However I still have a morgage and dont know if i would be concidered for council or housing assocciation. The properties usually go to people who are in more need than people who have a morgage even though my income like you will be greatly reduced in the near future. i wouldnt be ble to afford any repairs here. i think some landlords do a credit check as well so i would be well stuffed.

Hi Jinny,

Yes, I had wondered about the credit check! Am a long way off that but I was wondering whether my son would be able to act as some sort of guarantor for me?

And, of course, it is going to depend on how I get on with the unenforceable debts and what I eventually am able to sell my house for. I have a certain amount of equity in the house - which, of course, depends very much on house values - but not enough to clear everything I owe, especially with the interest rates racking up!

Not sure if you are in the same position?

jinny

I dont have a great deal of equity well not enough to buy again that is. It would solve a lot of problems for me if i could sell then rent. good that your son could be a guarantor for you. Best just get the ue out of the way then and see what your left with. good luck to you and me then!!!

mouseann

jinny wrote: »

I dont have a great deal of equity well not enough to buy again that is. It would solve a lot of problems for me if i could sell then rent. good that your son could be a guarantor for you. Best just get the ue out of the way then and see what your left with. good luck to you and me then!!!

Thanks Jinny,

I really wish I could confide in my son - but he would be horrified if he knew the extent of my problems! Not saying he would be unsupportive - it is just the fact of me having to admit that his mother has been so stupid with money! Not sure that he actually thinks that I am infallible - but it is not easy for me to admit it all to him.

May get round to it over a glass (or bottle!) of wine .....

mouseann

jinny wrote: »

It would solve a lot of problems for me if i could sell then rent.

Forgot to ask, Jinny,

What's the property market like where you live?

jinny

yes its a bit of a situation. Your son loves you though and probably would support you. Anyway perhaps like i say just wait untill you have these debts off your back so to speak and worry about the housing situation later. I just feel this place is just a chain around my neck like you say with repairs if anything major happened i would up the creek ok. sorry i am being very negative ill stop it now .. We are gonna be ok my friend better times are coming

jinny

mouseann wrote: »

Forgot to ask, Jinny,

What's the property market like where you live?

well picking up a little but still not a good time to sell

swanfan02

Hi Ann & Jinny, I have some friends who had their flat repossessed recently. They managed to rent a house but stuck mostly to looking at private landlords for houses as they are less likely to do a credit check. Also if you can offer a higher deposit this can help.:D

jinny

swanfan02 wrote: »

Hi Ann & Jinny, I have some friends who had their flat repossessed recently. They managed to rent a house but stuck mostly to looking at private landlords for houses as they are less likely to do a credit check. Also if you can offer a higher deposit this can help.:D

thanks swann thats very reasuring there are indeed poor people who have their homes taken off them manage to scrape back.

mouseann

jinny wrote: »

thanks swann thats very reasuring there are indeed poor people who have their homes taken off them manage to scrape back.

Exactly Jinny!

So let's be positive!

Onwards and upwards, eh?

jinny

mouseann wrote: »

Exactly Jinny!

So let's be positive!

Onwards and upwards, eh?

thats the spirit feel like deleting my post not like me to be so neggy i have a reputation to be very upbeat