Advice needed please help

mikee81

hi- not sure which forum to put this in loans or mortgage as includes both.

first thanks for taking time to read and any advice be appreciated.

basically we got a mortgage 6 years this august fixed rate for 7 years with northern rock, its made up of mortgage and unsecured loan to top up mortgage. in february 2005 we took out a secured loan for 8k with endevour.

last july my partner who is disabled suffers with progressive muscle wasting diease dramatically got worse which can happen after years of being stable. can no longer get out house on own, cant get in bathroom, bath etc, and takes over hour to get to bed.

we been struggling in the home we are i and got occupational therapist out to visit to see about adaptations to the property. the adaptations could of been done but at cost of 22k to us as we dont qualify for a grant so we are being re-housed and having to sell the house.

we have had the house on the market now for 4 months and have also got a council house to be re-housed to we are just awaiting adaptations all to be done, as its council they do for free.

obviously housing market not been brilliant - we had 3 agents round two said 95k one said 80k so we've stuck on for 87k. we paid 80k for it 6 years ago.

whats starting to worry me is the secured loan as obviously we need to pay this back when house has sold and are worried about not being able to. we found out we owe 73k on mortgage and they said we can take the unsecured loan with us and just continue to pay this. we also have quite a lot of debt - which is a plus side for selling house as our mortgage repayments are 662quid month and rents only going to be 260.

we read the loans t&c's and know they can add all the interest on for the loans life which was taken for 25years same as mortgage.

obviously we need and have to move as can no longer cope in house but im worried that we're not going to be able to cos of this secured loan on the house. we need to sell for certain price so pay off and in the housing market its not looking promising.

we did consider reposession route as i did see osmewhere if reposssed any secured loan goes into unsecured loan to be paid off. not sure how correct that is.

if anyone has any words of wisdom or advice please let me know.

thanks

mikee81

ughhh no one i'll keep hoping n checkin xx