ANother cc question, this time about mortgage too!

Neverhaveenoughmoney!

I did post on mortgages thread but no response as yet.

My title probably makes no sense. I am clueless when it comes to mortgages. My husband deals with it all and it is in his name.

We are with GE Money. We were on a fixed rate for 3 yrs which ran out last December and we just left it and it went onto the svr mortgage when our fixed rate ended.

As I am cluless could you please answer my questions. Can a mortgage ever be taken away, if we have a debt elsewhere. Or is it only if we ever have debt on the mortgage, if that makes sense.

We have missed 3 months of a cc payment and I am starting to make the payments again and trying to sort it but am all in a panic as I have this awful feeling abut the mortgage and I dont' know why.

I hope that all makes sense??!!

Tixy

If you are on a SVR at the moment then you will be able to keep on paying this providing you make repayments on time (this is the most important thing of all to keep up to date with).

Having missed payments on his cards will affect his credit rating and this will mean that if he wants to remortgage to move to another company or to switch to a fixed deal he might find this more difficult. So if interest rates rise and therefore the SVR rises this could mean you are stuck with a high cost mortgage.

But your mortgage should not be recalled as it were providing you can keep up with payments.

Neverhaveenoughmoney!

Ok, we are fine on the mortgae and always have been. Also on every other payment for every bill we pay other than the cc payment which I am sorting. So all is ok on the mortgage front, well apart from if we wanted to move from that one?