Divorce/Mortgage query ??

spendleb

Jowo wrote: »

And one or two or three whole percent rise? The Bank of England, for all we know, may increase rates every quarter by a quarter or half a percent for many years in a row...


http://www.thisismoney.co.uk/interest-rate-rise-calculator

http://www.whatprice.co.uk/financial/base-rates.html

It sounds like you are hoping for the best but not quite planning for the worst (which is quite typical human behaviour). We are more likely to say that a risk is unlikely to happen and less inclined to think about the consequences if that risk actually happens.

Hoping for a donation from mother in law? Talk about grasping at straws. Start hacking those spreadsheets, including a pessimistic scenario. You know it makes sense.

LOL you have well and truly despressed me now! I have spreadsheet galores here but we really need to get an actual figure on what benefits she can get before knowing what damage rate increases will have and what our margin is. I still think we should sell up and both rent but will have to deal with that once we know the whole financial story and what we have in each corner. Not really grasping at straws with the MIL as she had offered to pay the mortgage off before we decided to split but has now invested in bonds although she can release funds if needed, I think she is holding back until after I leave so I don't benefit but hopefully will help her daughter in some way, I know my folks would.

welshmoneylover

I can remember interest rates going into double figures!

Model you're repayments on that, then you'll be depressed

spendleb

welshmoneylover wrote: »

I can remember interest rates going into double figures!

Model you're repayments on that, then you'll be depressed

I can remember that too and under the same government :mad: