We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Want to become a Forum Ambassador? Visit the Community Noticeboard for details on how to apply
considering selling house - advise please!
ceri
Posts: 21 Forumite
I'm seriously considering selling my house to pay off my debts and mortgage and start again. The house sale will cover my debts with no extra money left to me - but that's fine. I'm currently having trouble paying my mortgage payments (well I wouldn't if Northern Rock move the payment date to the 25th but they insist it has to be the 1st). I'm at the wrong end of a £3000 overdraft and am seriously spiralling out of control.
I've been on the council waiting list for about 2 years now so a council house is imminent.
My question is when I finally get a house from the council - do I still have to pay my mortgage payments if I don't live there and if I tell them the house is to be sold and all the money owed will be given to them?
By the way - don't touch Northern Rock!!! they're a waste of space.
They said they could help but they will charge me £800????????
I've been on the council waiting list for about 2 years now so a council house is imminent.
My question is when I finally get a house from the council - do I still have to pay my mortgage payments if I don't live there and if I tell them the house is to be sold and all the money owed will be given to them?
By the way - don't touch Northern Rock!!! they're a waste of space.
They said they could help but they will charge me £800????????
0
Comments
-
It's a major decision to sell up at the best of times, but with your financial problems at the moment, you may think this is the only option....perhaps doing a SOA, you will get some unbiased responses from everyone on here.
Think about it carefully first...0 -
Northern Rock may allow you to have a 'payment holiday' until the house is sold.
G & G did this for us when we sold our investment property.(AKA HRH_MUngo)
Member #10 of £2 savers club
Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton0 -
the mortgage payments will still have to be paid to your lender whether you live in the property or not....unless they allow you to take a payment break0
-
Have you actually got your council property yet? You don;t want to sell your house and then find you are still 6 months off being offered a property!This year I'm getting organised once and for all, and going to buy a house with my wonderful other half. And that' s final!
Current Pay Off Target : £1500 :mad:0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.9K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.5K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards