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Interest only mortgage ending next year - worried

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Comments

  • Thanks Dave, I might come back and PM you at some point if that's ok.
  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Is your current lender GE by any chance?
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • No, it is a private bank. They told me that since I took out my mortgage, their view of the world has changed and the min they would lend as a mortgage is now 500k. Probably french for "go away" :)
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 16 March 2012 at 12:24AM
    You say that only 50% of your defaults from 2008 are settled. What's the status of the remainder?

    How much remains in unsettled debt?

    Why have you used Wonga 11 times in the past year if you can afford to repay 3k to 4k a month?
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