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Mortgage nightmare
Tilley_2
Posts: 1 Newbie
Any advice?
My sister and her husband are paying a very high mortgage which due to serious illness and therfor drop in income they are now sruggling to find. They will have to pay a ridiculous ( :mad:!! ) amount of money if they want to reduce the amount of money they pay monthly. Is there any way this can be avoided?
Any ideas welcome!
My sister and her husband are paying a very high mortgage which due to serious illness and therfor drop in income they are now sruggling to find. They will have to pay a ridiculous ( :mad:!! ) amount of money if they want to reduce the amount of money they pay monthly. Is there any way this can be avoided?
Any ideas welcome!
0
Comments
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You haven't given much in the way of details there...
How high is the mortgage? How much do your sister and BiL earn? Is the reduction in earnings likely to be temporary or permanent? What is the "ridiculous" amount of money for - switching lender, switching product...?0 -
http://mortgagehelp.direct.gov.uk/default.aspxHaving problems with your mortgage payments?
Facing the prospect of repossession can be frightening, but it’s important to remember that you are not alone. There is a lot of help available from government, from lenders and from advice agencies. The information here will give you the tools you need to prevent your home being repossessed. You'll also find stories from some of the 330,000 homeowners who have already received help and advice.0 -
Sell the house, pocket the equity and rent ?Act in haste, repent at leisure.
dunstonh wrote:Its a serious financial transaction and one of the biggest things you will ever buy. So, stop treating it like buying an ipod.0
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