Urgent help required please

Focus66

Sorry will try and keep this brief, but I really need some advice, don't know where to start.

Nine months ago me and my husband split up, mortgage payments and maintenance was agreed and because of that I have been able to manage.

Today I have had the bombshell dropped that he left his job 5 weeks ago, and that he will not be able to meet any of his financial agreements.

I am not in a position to pay the mortgage myself, and ideally the best thing would be to sell the house, with his consent. Unfortunately the house is in a bad state of disrepair, due to financial problems, so don' t think it would sell. The mortgage is due in two weeks and i don't know what to do. Do I contact the mortgage lenders, do I try and pay my other bills first?

With the matter of fact way I was told, I think it is going to be something I am going to have to sort myself. I have a fourteen year old son still living at home and need to try and sort this out without worrying him.

If anyone can help I will really grateful.

Thank you for your time.

[Deleted User]

Definately call the mortgage lender - see if you would be eligible for a mortgage holiday. This might give you the needed breathing space to get the house on the market.

Also if you post a SOA here then people will be able to give you advice on your outgoings and where cut backs could be made (if any) - make sure you list all your income and all your expenditure, including all debts, minimum payments and APR's
http://www.makesenseofcards.com/soacalc.html

D9

Focus66

Thanks for posting Domino 9.

I will post a SOA as soon as possible. When I speak to the mortgage lenders do I explain the situation, or just ask about the holiday break.

Thanks

Byatt

Similar thing happened to me. I explained to mortgage lender what happened and it was their suggestion that I take a mortgage holiday. The form (if it is still the same), has to be signed by both of you. But it should give you a breather whilst you decide what to do. All the best.

Focus66

The agreement we had come to was a mutual one, the CSA wasn't involved. Unfortunately he suffers bouts of depression and has done for many years, and is ill with it at the moment. Trouble is he is not great at taking the medication and following medical advice on this.

I will contact the mortgage lender after work tomorrow and hope they can help.

Thanks Byatt and Chanz4

GeorgieFTB

Focus

:eek::eek:

That is scary, yep you need to secure the roof over your head first! Good luck, the mortgage company should be nice to you as you are letting them know about issues in advance of any missed payments.

As already said post an SOA and we, the forum, will see if we can help.

You might want to think about telling your son something, kids tend to worry much more if they don't know whats going on, imaginations are good... sometimes.

Good luck
Gx

coyocacan

Sorry to hear about this situation - but would agree with the need to start an open and transparent conversation with your mortgage company. Keep notes of your discussions, and if appropriate follow-up with written correspondence. Having a gap in proceedings to agree a strategy with your ex-husband will be crucial to resolving the issues. Is there any assistance you can seek in terms of brokering the necessary discussions with your ex if things prove difficult?