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Had Enough

13»

Comments

  • m00m00
    m00m00 Posts: 1,755 Forumite
    And as they would be likely to sell it at a distressed rate or via auction the shortfall is likely to be larger than you currently expect
    It's a health benefit ...
  • peakoil_2
    peakoil_2 Posts: 206 Forumite
    edited 13 July 2011 at 8:07AM
    just how small is your house compared to what size you need it to be?

    how long have you had this house?

    can you afford to make overpayments to improve your LTV and secure a cheaper mortgage deal?
  • SandC
    SandC Posts: 3,929 Forumite
    Part of the Furniture 1,000 Posts
    I would start being more active in getting your mortgage down. Ask the question as to your payments if you switched to repayment.

    Why do you 'need' a bigger house? Really and truly is it more than it would be ideal if you had a bigger house.

    If you have the means to purchase a bigger property then you have the means to get off interest only, or overpay. This will give you more leeway to try again in a couple of years.
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