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new baby. going part-time. remortgage help

hi we have just had a baby and my fiancee wishes to go part time. I am self employed. We are currently on a mortgage holiday with Northern Rock normally paying £1100 a month .Thinking about temporaraly extending from 17yrs left back up to 25yrs and or changing to interest only. Any feedback please, or if you think there is a better idea please help .Thank you

Comments

  • Senior_Paper_Monitor
    Senior_Paper_Monitor Posts: 2,918
    Part of the Furniture Combo Breaker
    Forumite
    edited 5 October 2010 at 10:37AM
    Please don't take offence, but you need to take professional advice to help in your financial planning.

    Everything you list there sets alarm bells ringing for future problems.

    I hope whoever you speak to at N Rock is in a good mood - they will need to be (and that doesn't negate my recommendation to seek - and listen to - professional advice at this stage)
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
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