Cant afford mortgage payments, but if i sell i will be intentionlly homeless!

angel1985

Oh really? Maybe thats something i could look into.. I think im starting to accept that i am going to have to sell.. But i am worried about how long its going to take to sell too.. Ive heard some lenders will let you can change to an interest only mortgage while you are trying to sell.. Which would be a great help..
I think i know what you mean now ticktack i read something about a limit of 26 weeks if your property is on the market they dont take the property into account while your trying to sell ( i think) That must be what theyre refering to on the forms

skintandscared_2

Are you parents aware of the situation you and their grandchild are in? Could you not re-negotiate the agreement with your father? Perhaps back to paying 50:50 and splitting any equity 50:50.

shoe*diva79

Contact the CSA with all information you know about him. Last known address, Date of Birth, where he was working, NI Number, parents address... etc etc. The CSA have many ways they can track him down and please dont take this the wrong way, but the childs father should be supporting keeping a roof over babies head (plus all other associated costs of raising a child!!!).

pmlindyloo

shoe*diva79 wrote: »

Contact the CSA with all information you know about him. Last known address, Date of Birth, where he was working, NI Number, parents address... etc etc. The CSA have many ways they can track him down and please dont take this the wrong way, but the childs father should be supporting keeping a roof over babies head (plus all other associated costs of raising a child!!!).

Absolutely agree with this.

Are you receiving Child Benefit and Child Tax credits?

ticktack_2

angel1985 wrote: »

Oh really? Maybe thats something i could look into.. I think im starting to accept that i am going to have to sell.. But i am worried about how long its going to take to sell too.. Ive heard some lenders will let you can change to an interest only mortgage while you are trying to sell.. Which would be a great help..
I think i know what you mean now ticktack i read something about a limit of 26 weeks if your property is on the market they dont take the property into account while your trying to sell ( i think) That must be what theyre refering to on the forms

Oh yes, I remember now. It's the 26 week limit that's discretionary. The risk is that you might move out, commit to a lease on a rented property, start receiving HB, and then not be able to find a buyer within 26 weeks. They have discretion to extend beyond the 26 weeks, but when I was considering this I decided against it because I was afraid I might not be able to sell within the limit, and then I would have been in an awful mess.

I agree with the other posters, your child's father has a duty to help support his child. It sounds like you can get help to pursue this. Good luck.

puddy

but remember any rental income will need to be put forward for self assessment, plus you incur legal responsiblities being a landlord and so will your father, even if its not his plan to rent out

in addition the rental income you receive will be taken into account for benefit purposes

the 26 week thing may not be discretionary in your case as i would imagine that its hard to sell a property that is jointly owned with a 3rd party, so it might be considered that there is no time limit on owning this property but you would need to get it checked out

my advice would be, agree with your father that the property needs to be sold, you're then left with no debt but you can rent somewhere privately and then get hb for it.

ticktack_2

puddy wrote: »

the 26 week thing may not be discretionary in your case as i would imagine that its hard to sell a property that is jointly owned with a 3rd party, so it might be considered that there is no time limit on owning this property but you would need to get it checked out

Why would it be hard to sell a jointly-owned property? It doesn't make any difference to the buyer. Couples sell jointly-owned properties every day.

saraann21

am in the same boat,had to give up work last year and have a mortgage.because my son who is 19,works,i get no help with the mortgage payments and have to pay about a third of my council tax bill.it is as if they class him as my partner,not my son.they even told me i would be better off if he gives up work!obviously he is not going to do that.i am on interest only payments for the mortgage but it is still hard.people assume when you are on benefits that council tax and mortgage are paid,well they are not!!if things do not improve then i will have to sell aswell

HappyMJ

saraann21 wrote: »

am in the same boat,had to give up work last year and have a mortgage.because my son who is 19,works,i get no help with the mortgage payments and have to pay about a third of my council tax bill.it is as if they class him as my partner,not my son.they even told me i would be better off if he gives up work!obviously he is not going to do that.i am on interest only payments for the mortgage but it is still hard.people assume when you are on benefits that council tax and mortgage are paid,well they are not!!if things do not improve then i will have to sell aswell

It's not you paying the council tax bill it's your son paying his share of the council tax bill. If you do not collect it from him then you should be.

Dunroamin

saraann21 wrote: »

am in the same boat,had to give up work last year and have a mortgage.because my son who is 19,works,i get no help with the mortgage payments and have to pay about a third of my council tax bill.it is as if they class him as my partner,not my son.they even told me i would be better off if he gives up work!obviously he is not going to do that.i am on interest only payments for the mortgage but it is still hard.people assume when you are on benefits that council tax and mortgage are paid,well they are not!!if things do not improve then i will have to sell aswell

As a working adult, why shouldn't he be contributing half, just as a partner would?