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Mortgage for French property
kareng68
Posts: 4 Newbie
Ok I have got myself in a mess well and truly.
I have been living in France for 2 years & not worked - lived on savings and credit cards and have stacked up £63K of debt ..yes I know I have been dumb and now I need to wake up & smell the coffee!
Right ..so £43K in credit card debt and a loan of £20K
..repayments £1051 per month
The house here in France is paid for ..so no mortgage.
My husband is now working back in the UK netting £1500 so our out goings are more than incoming
I am desperately looking for a job back in the UK - nothing as yet
We can't sell the French house - no market
So question ...could we mortgage it ..and pay off all our debt & at least start a fresh
We do NOT want to get an IVA or have our debts written off - we have spent this money and are responsible enough to realise it is our crap & we need to sort it !!
..please be gentle ..I know I have been living in cloud cookoo land !!
I have been living in France for 2 years & not worked - lived on savings and credit cards and have stacked up £63K of debt ..yes I know I have been dumb and now I need to wake up & smell the coffee!
Right ..so £43K in credit card debt and a loan of £20K
..repayments £1051 per month
The house here in France is paid for ..so no mortgage.
My husband is now working back in the UK netting £1500 so our out goings are more than incoming
I am desperately looking for a job back in the UK - nothing as yet
We can't sell the French house - no market
So question ...could we mortgage it ..and pay off all our debt & at least start a fresh
We do NOT want to get an IVA or have our debts written off - we have spent this money and are responsible enough to realise it is our crap & we need to sort it !!
..please be gentle ..I know I have been living in cloud cookoo land !!
0
Comments
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Surprised and a little disappointed that no one has offered any advice ..so what do I do now?0
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Fire sale the French Property, maybe auction it? . Your options are otherwise limited.
Wish I could offer more positive suggestions.0 -
Try The Debt Free Wannabee Board.0
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rent french property or holiday let?0
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