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mortage holiday
jules2001_2
Posts: 1 Newbie
My husband was self employed for over 30 yrs the work has dried up and we owe tax and our accountant we have loans to try and cover the buisness and now he has a new job.
He used to earn £800 per week he now earns this a month, we have five loans which will finish at the end of august.
We are thinking of asking for 4 months mortafge holiday until we pay off all these buisness loans we will then be £885 per month better off we have reletavantly small mortage with loads of equity but cant have a loan as we are falling behind with bank charges as the loans are going out and no t enough coming in, thats why i am thinking that a few months mortage holiday and then we will be in a better position, what are the repercussions.?
He used to earn £800 per week he now earns this a month, we have five loans which will finish at the end of august.
We are thinking of asking for 4 months mortafge holiday until we pay off all these buisness loans we will then be £885 per month better off we have reletavantly small mortage with loads of equity but cant have a loan as we are falling behind with bank charges as the loans are going out and no t enough coming in, thats why i am thinking that a few months mortage holiday and then we will be in a better position, what are the repercussions.?
0
Comments
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Other than the mortgage, will you be completely debt free?
Will you be able to afford everything after August?
Are you able to cope with increasing interest rates in future?0
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