Wondering how I'll pay my mortgage

MaggieD

My former partner has plenty of money, he is simply claiming he doesn't as he's self employed.

TOBRUK

Please make an appointment with a solicitor today to get advice on your situation and get the ball rolling.

Oldernotwiser

MaggieD wrote: »

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.

Nobody has tried to do this you your thread - you've been offered lots of advice, some of which you might not have thought of before.

If you would be £90pw better off when working, how much of a shortfall would this leave if you were to put this towards you mortgage repayments? If it's not too large an amount you would be better to tighten your belt now for the sake of your future prospects.

Don't forget that it won't be long until you have to come of IS and move to JSA, at which point you may not be so fortunate as to be offered a suitable job.

Edit. I assumed from what you have written that your children were quite young but I can see that they are actually around 11 and 14. That means that you must be claiming JSA and may have problems with being sanctioned if you turn down a suitable job.

andyandflo

MaggieD wrote: »

I thought this was the Money Saving Expert forum, I seem to have stumbled upon the Daily Mail forum by mistake.

I know there are!!

For some reason if you ask for help on how to work round the benefit system to ensure that you receive your full entitlement, they have a habit of telling you to work instead even though it may cost you money!

I do understand where you are coming from and I have been accused of condoning fraud. When it is pointed out that that is not true and all I do is to offer advice on how to use the law not break it, I am then told that it is still morally wrong even though it is legal!

I will keep on plugging on!! Words will never hurt me, and everybody deserves to know what the loopholes are and how best to use them.

MaggieD

Phew, what a relief to hear I'm not alone in my thinking.

Whilst the majority of people have made helpful and valid suggestions it's such a pity that there's always the odd one that has to put their high and mighty opinion across. I can only assume they are full of bitter resentment for some reason and hate anyone that is unfortunate enough to be in a position that they haven't willingly put themselves in.

I blame the parents..;)

lovetowinacar

MaggieD wrote: »

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!

Unfortunately, when some partners move out and the remaining partner receives their interest paid for them whilst on benefits then some believe they need not pay anything since the government is picking up the tab.. However once you start working and have to pay again for the mortgage maybe you ex will realise that to keep his share of the equity secure he will need to contribute. Perhaps legal advice or a visit to the CAB might help?

Bet of luck with the new job.:)

lovetowinacar

Tobruk stated "Has the lender got his current address to chase for payments?"

My response is having worked in this sector in the past, if the interest payments are being met by the taxpayer/benefits/government (whatever term you wish to use) and there are no arrears then the lender has no reason to chase either party to the mortgage for any payments. Neither party to the mortgage are currently paying the interest (for different reasons) and the lender is quite happy if payments are being made

Once the mortgage interest payments are no longer being made for you then the lender will start to chase you both if the payments are not being made.

Good luck

MaggieD

But the question I'm asking is this: will the bank accept interest only payments when I return to work, taking into consideration the minimal wage I'll be earning (even with tax credits)

dmg24

MaggieD wrote: »

But the question I'm asking is this: will the bank accept interest only payments when I return to work, taking into consideration the minimal wage I'll be earning (even with tax credits)

You have had all day to ring them and ask - why have you not?

TOBRUK

MaggieD, the only way you will find out is to make an appointment with your lender and ask what the options are. You need to tell them exactly what your situation is, what you can or can't pay etc.

The problem is that as you have a joint mortgage and any changes to the mortgage would probably need an agreement from both parties - I must point out that I have absolutely no knowledge about these things but just giving my thoughts! However if you know what your ex's current address is there is no harm in giving it to your lender!

I know others have quoted me as asking whether the lender has you ex's address to chase for payments, I'd like to say to them that I know that the lender doesn't care as long as payments are made where the payments come from. I was just thinking aloud how unfair it is that the ex is getting away with all responsibility, but I'd like to say I have no knowledge in this area!

In the meantime I think you really MUST seek legal advice. I know you are worried about how things are when you return to work BUT I really think that you have to take the job whatever happens!