Help: Need urgent advice

Hi everyone

Was gonna to send my contract back to the soliciters today

but have since found out that maybe by the new year i could be out of a job, or it could be by March 2007, as they are moving the office to India

I would be able to get 4 months repayments out of the redunancy

but should i go ahead

If i don't send back the contract i lose the solicitors fees

but i don't want to be in a position of losing my home if i can't find a new job

Please can anyone advise
Debt of £6300 cleared in 5 years, now ZERO


  • The thing is:

    how quickly do you think you could get another job?

    what would you live on if you use all your redundancy package on your mortgage repayments?

    what were your reasons for moving?

    Personally I think that I would be prepared to lose the solicitors fees rather than potentially lose my home - but that's just my feelings.

    Hope you come to a decision which you feel happy with.
    2014 Target;
    To overpay CC by £1,000.
    Overpayment to date : £310

    2nd Purse Challenge:
    £15.88 saved to date
  • benedictadamsbenedictadams Forumite
    926 Posts
    Part of the Furniture 500 Posts Combo Breaker Debt-free and Proud!
    this was going to be my first home

    I won't be happy with either decision

    but i would be more heart-broken if i lost the house after a few months of living there

    am dreading phoning the solicitors tomorrow though
    Debt of £6300 cleared in 5 years, now ZERO
  • roswellroswell Forumite
    2.4K Posts
    Personnaly id loose the fees rather than deal with repo and possibly negative equity if the property is sold lower than the price you pay at auction.
    If it doesnt pay rent sell it.
    Mortgage - £2,000
    Updated - November 2012
This discussion has been closed.
Latest MSE News and Guides

Boost your Nectar points

Get up to £25 in bonus points

MSE News

Ask an Expert: Scams

Watch MSE Katie's answers to your questions

MSE Forum

Hot Diamonds 40% off code

Including already-reduced outlet stock

MSE Deals