Wondering how I'll pay my mortgage

MaggieD

..and there you go again! Do you actually think you're worrying me with your comments? Where do you get off trying to scaremonger people (fortunately I am above such acts of spite) For what purpose and gain do you feel it necessary? Really, I'd love to know.

TOBRUK

WHAT?! How many times have I answered your question?

lovetowinacar

You have a couple of options:

1. Stay as you are on benefits and have your mortgage interest payments made for you.

2. Take a TA job work hard and try to move up to the HLTA post as soon as possible and reap the rewards of the higher pay.

3. Sell your home and rent.


However,

Check with your lender the following:

1. If you take a low paid job will they allow you to continue paying interest only and if so for how long.

2. Ask if they can increase the term if you need to pay capital repayments (you can also decrease the term if things get better financially in the future) this will lower your monthly payments.

3. Speak to your ex and see if he can contribute towards mortgage payments if you get a job and are responsible for payments again (to secure his share of the equity etc)...

The choice is yours. Best wishes

Sam____2

Sam___ wrote: »

you could get child tax credit, working tax credit, child benefit, council tax benefit and maintenance from the childrens father.
If you still can't manage on that then perhaps it's time to rethink your career choice or downsize your mortgage...

Sam___ wrote: »

only natwest will be able to tell you that, if that's all you were after then you wern't really looking for benefits advice...

Jeez, some people!!!

I believe I was the first to answer your question in post # 10

blue_monkey_2

MaggieD wrote: »

Again, twisting my argument entirely.

The advice I was hoping (ha, I realise what a fool I was for even going there in the first place now, but hindsight, etc.) to get was whether another person had been in a similar situation whereby they returned to work and their mortgage lender continued to accept the interest payments until there came a time that they were able to pay the full amount.

Sadly, the 'burn the single parent benefit scrounger' torrent which has navigated us away from the original question I posed, has brought out of the woodwork a plethora of angry single minded Nazi-like attitudes to the fore.

At least I've learnt not to come to this site for 'advice' again - mind you, I hadn't realised it was for the extreme right-winged only.

MaggieD,

My post on Page 4 told you EXACTLY what you needed to do to be able to make reduced payments but you need to get things in writing from a solicitor - and also how you can get your ex to pay for his childrens upkeep by gving over his portion of the house. My mother did this and the mortgage company accepted the reduced interest only payments. When her circumstances improved and she had more money, she paid a little extra. She was able to do this without my dad being involved at all - even though he was still on the deeds - because it was drawn up solicitors. A service you will get Legal Aid for at the moment but you will have a charge placed on the house.

Once the eldest was 18 mum was able to get did removed from the Deeds and the house was then hers. It cost about £400 to have his name removed.

A small price to pay to get your ex to pay 'his share' and then you might find it would be better for you to sell the house and maybe rent somewhere.

If you have any sense you will do this ASAP, before you start work and find you are not eligable for help to get the ball rolling. 1st step - get your ex removed from the deeds and get a new mortgage - they did this for my mother because she had a lot of equity in the house. I am assuming you also have a fair but otherwise it would be easier to sort out.

You see to have skimmed over my post and have not commented on it though and it gives you the information that you asked for. However, you are NOT going to be able to go it without a solicitor.

Sam____2

lovetowinacar wrote: »

You have a couple of options:

1. Stay as you are on benefits and have your mortgage interest payments made for you.

2. Take a TA job work hard and try to move up to the HLTA post as soon as possible and reap the rewards of the higher pay.

3. Sell your home and rent.


However,

Check with your lender the following:

1. If you take a low paid job will they allow you to continue paying interest only and if so for how long.

2. Ask if they can increase the term if you need to pay capital repayments (you can also decrease the term if things get better financially in the future) this will lower your monthly payments.

3. Speak to your ex and see if he can contribute towards mortgage payments if you get a job and are responsible for payments again (to secure his share of the equity etc)...

The choice is yours. Best wishes

she can't stay as she is though, her SMI payments will stop after being on JSA for 2 years...
I honestly think selling her home and renting may be her best option, I know it's not what she want's to hear but she would get some help with her rent etc and not be lumbered with a mortgage she can't afford to pay...

karenx

Ok the fact is. your SMI payments will be stopping soon so you will need to sell the house if you cant get a job where it will pay the mortgage and also the rest of your bills etc.
Nothing will change this fact. The government wont let you sit at home for much longer with the mortgage being paid. To be fair you have done well out the state so far with getting the mortgage paid for 10 years. Surly you had some incline that it wouldnt be a permanent thing and the government will pay your mortgage forever.
It has been suggested meny times on here to talk to your lender and see what options you have. Never know they could tell you they will still accept you paying the interest only if you get a lower paid job.
Whatever happens your SMI is going to stop soon so you better start thinking quick about what you are going to do instead of coming on here and calling everyone names

blue_monkey_2

Sometimes you get a feeling about a thread. And I actually think we are wasting our time here guys - she has been asking the same question for the last few years and has been saying she is intending on going back to work... check the other posts made in 2008/9.

MaggieD

blue_monkey wrote: »

Sometimes you get a feeling about a thread. And I actually think we are wasting our time here guys - she has been asking the same question for the last few years and has been saying she is intending on going back to work... check the other posts made in 2008/9.

I've been rumbled. What an astute bunch of people you are..

So long, and thanks for all the fish.

SingleSue

MaggieD wrote: »

Again, twisting my argument entirely.

The advice I was hoping (ha, I realise what a fool I was for even going there in the first place now, but hindsight, etc.) to get was whether another person had been in a similar situation whereby they returned to work and their mortgage lender continued to accept the interest payments until there came a time that they were able to pay the full amount.

Sadly, the 'burn the single parent benefit scrounger' torrent which has navigated us away from the original question I posed, has brought out of the woodwork a plethora of angry single minded Nazi-like attitudes to the fore.

At least I've learnt not to come to this site for 'advice' again - mind you, I hadn't realised it was for the extreme right-winged only.

From my reading of the thread -

There has been loads of very helpful posts, some which were warning about the soon to be stopped mortgage payment and only a very few being nasty...must admit, I didn't see any that was having a go at single parents.

For the record, I am a single mum, I do not work (I am a carer to my disabled children) and have been trying to find a like gold dust position in school based employment...I would have grabbed it with both hands and worried about the rest later, things have a habit of working out ok even if it gives you a few worries in the process.

The pay may not have been ideal but that would have improved and probably quite quickly, it may have been a little outside of your training remit but experience of working with different disabilities only comes with working with those with different disabilities, training would probably have been given anyway and it would have been a huge feather in your cap for future employment too as you would have had the range of being able to work with children with disabilities which range from mild to severe.

I am also not a Daily Mail reader, I am divorced and have seen some very tough times with no money, some middling times, some blooming brilliant times when money was sloshing around in huge amounts and then back to not having much money again.

As a parent of children with disabilities, we receive no training prior to having them, we generally have to learn as we go along....sometimes we get it wrong, sometimes we get it right but all of that knowledge, we generally pass along to the person who is undertaking their care at school to help them to also give the child the best possible care and attention.

It is daunting, it scares me sometimes, especially when yet another disability is discovered in one of the boys, so I can understand your trepidation at dealing with a child who appeared to have very severe disabilities but that worry, lack of confidence and stress goes pretty quickly once you learn the childs routine, their medication regime, their physio regime etc and I am sure the school would have given you all the support you would have needed to have made the position a success.