Debt advice

adysiege

Hi there, I've a few issues which I hope someone out there will be able to advise me on.

I have got a sub-prime mortgage with Start Mortgages, the property was bought for 235,000, 160,000 mortgage and the rest cash. The property is rented at present but is still not covering the monthly payments. I tried selling but I probably wouldn't get 140,000 for it now. Any advice on changing to a more suitable mortgage.

I am currently employed full time, have been this last year. How long the work will last I can't answer because its within construction.

Also I have a student loan of approx £8000 which take £50 out mounthly of my salary. As well as that I have to pay the taxman £2800 for a bill I didn't know about.

Is there any good suggestions of how to get out of this mess apart from bankrupcy.

All and any suggestions are much appreciated.

Thanking you

Adrian

Quasar

Hi adysiege, and welcome to mse. Unfortunately you have posted your query on the Site Feedback, where we discuss matters regarding general forum matters, and not financial advice.

Please post your mortgage question in the Mortgages and Endowment board: http://forums.moneysavingexpert.com/forumdisplay.php?f=15,

and your loan question in the Loan board: http://forums.moneysavingexpert.com/forumdisplay.php?f=12.

That way you will get quick and helpful replies.

Good luck.