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husband cant afford monthly payments.
boogiequeenie
Posts: 26 Forumite
Can he do anything?
If he sells he will have to go bankrupt as there is negative equity.
He is with Santander.
Can he do anything?
If he sells he will have to go bankrupt as there is negative equity.
He is with Santander.
Can he do anything?
0
Comments
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Have a look here
http://www.direct.gov.uk/en/MoneyTaxAndBenefits/ManagingDebt/DebtsAndArrears/DG_10013261
Make sure you're in contact with the lender - ask them what would happen if you sold.
You could go onto the Debt Free Wannabee forums for help with your household budget. Could you take a lodger in to help payments, or extend the length of the loan?0 -
Why can't he afford the payments? Is it likely to just be a short term problem, or a long term one?
How much are the payments, how much does he earn, and what other debts does he have?0 -
You need to expand your original post so people on here have a better understanding on the problem then better advice maybe forthcoming.0
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Can you afford the repayments?I consider myself to be a male feminist. Is that allowed?0
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boogiequeenie wrote: »Can he do anything?
If he sells he will have to go bankrupt as there is negative equity.
He is with Santander.
Can he do anything?
You could get a job?0 -
Should that not be "my husband and I can't afford the repayments"?
I take it it's your house too?******** Never be a spectator of unfairness or stupidity *******"Always be calm and polite, and have the materials to make a bomb"0 -
nickyhutch wrote: »Should that not be "my husband and I can't afford the repayments"?
I take it it's your house too?
Perhaps when he could afford the payments it was their house, and now he can't it's his?:DIn case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:0 -
Is there anything you two can do? Have you been involved in the process at all that has got you in the stink or were you passive in your husband getting overdrawn and almost bankrupt?Feb 2012 - onwards MF achieved
September 2016 - Back into clearing a mortgage - Was due to be paid off in 32 years in March 2047 -
April 2018 down to 28.00 months vs 30.04 months at normal payment.
Predicted mortgage clearing 03/2047 - now looking at 02/2045
Aims: 1) To pay off mortgage within 20 years - 20370 -
nickyhutch wrote: »Should that not be "my husband and I can't afford the repayments"?
I take it it's your house too?
from OPs other posts I think this his FMH with his ex. House is lying empty, can't rent it and won't sell it due to neg equity0 -
No, the house belongs to her husband from his previous relationship. He moved out and is now remarried to the OP (I think renting a new property together) but still has his old marital home which is in negative equity, with the ex-wife not contributing.nickyhutch wrote: »Should that not be "my husband and I can't afford the repayments"?
I take it it's your house too?poppy100
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