Wondering how I'll pay my mortgage

MaggieD

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...

I wasn't sure which section to post - and thought perhaps there might be someone in a similar situation as me on here.

There are a lot of angry people on this forum, which is a shame.

Sam____2

MaggieD wrote: »

I wasn't sure which section to post - and thought perhaps there might be someone in a similar situation as me on here.

There are a lot of angry people on this forum, which is a shame.

I'm not sure why you would say that as it's not true, people on here help lots of others every day. It's usually when posters get answers they didn't wan't to hear that things get strained...

MaggieD

I wasn't referring to you with my comment.
But I have found that many of the posters on here will instantly tarnish you with the same single parent brush without prior knowledge of ones individual circumstances.
It's just a shame that many people seem to feel it necessary to try and make people asking for help, feel bad about themselves, rather than looking at ways to solve the problem.

TOBRUK

Hi MaggieD, I think you should make an appointment with your lender A.S.A.P. and discuss your mortgage options - there are so many different mortgages available.

I don't know how much equity you have in your house or how long you have left on your mortgage, but I have moved to a 40 year mortgage (I only had 13 years left on my 25 year mortgage) I know that sounds scary!! However, if/when your circumstances change you can change and lower the length of your mortgage. I didn't even know that this was available.

As work goes I really think you should take the teaching assistant job if you have been offered as you will at least be in a position in future to get another job or an increase in your salary. Not only that but why would you waste the time you've spent getting qualifications? There aren't many jobs that will fit in with your family situation, plus you will have holidays when your children have their holidays!

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...

Oldernotwiser wrote: »

I'm puzzled by this post as the OP seems to have already been offered a TA job and her adviser has told her she'll be £90 pw better off if she takes it.

alwaysonthego wrote: »

If that is the case the options you have are;

1) talk to the bank and ask for an interest only mortgage.
2) Sell your house and buy a more affordable house
3)get a lodger

all of the above give you ideas on how to improve your situation, so I disagree with what you've said about people not trying to help...

Morgan_Ree

MaggieD it's a shame you are unable to downsize. Short of selling up and renting really what else is there to say/do?

I appreciate you're asking if others are in a similar situation but even still only Natwest can answer your question.
Have you even contacted them?

MaggieD

TOBRUK wrote: »

Hi MaggieD, I think you should make an appointment with your lender A.S.A.P. and discuss your mortgage options - there are so many different mortgages available.

I don't know how much equity you have in your house or how long you have left on your mortgage, but I have moved to a 40 year mortgage (I only had 13 years left on my 25 year mortgage) I know that sounds scary!! However, if/when your circumstances change you can change and lower the length of your mortgage. I didn't even know that this was available.

As work goes I really think you should take the teaching assistant job if you have been offered as you will at least be in a position in future to get another job or an increase in your salary. Not only that but why would you waste the time you've spent getting qualifications? There aren't many jobs that will fit in with your family situation, plus you will have holidays when your children have their holidays!

Thank you very much for your help, I did contact the bank and they told me it had to be put in writing. Also, as it's a joint mortgage with my ex (who hasn't contributed since we split in 2001, towards either mortgage or maintenance even though the CSA are aware of this) I was told I would need to get his permission to make any changes. This is worrying me as he is always pressuring me to sell the house so that he can get his half of the equity, so I can't see him agreeing to anything that would help me!

alwaysonthego_2

You need to consult with a solicitor, some offer free half hour sessions.

TOBRUK

I agree with awaysonthego, you really need to see a solicitor. Really sorry that you are in this position, why should you be making the mortgage payments alone when it's a joint mortgage! Has the lender got his current address to chase for payments?

Whatever happens do take the teaching assistants' job - you have to think about the future.

Seek legal advice with regard your situation and chase the CSA.

Good luck.

Hammyman

TOBRUK wrote: »

I agree with awaysonthego, you really need to see a solicitor. Really sorry that you are in this position, why should you be making the mortgage payments alone when it's a joint mortgage!

Because that's what it states in joint finance agreements - if they don't get money from one of the signatories, they get it from the other. It isn't the lenders duty to play guidance councillor or abritrator in all of this, that remains the problem of the OP and joint mortgage holder. So yes, as you've both stated, this needs to be sorted by a solicitor. But at the end of the day, if her former partner has no money, then she's going to have to find it or sell/forfeit the house.