Divorce/house and equity issues. PLEASE HELP

Bettyboop

back2square1, I have messaged you.

susy_2

Hi again Bettyboop, yes, I had forgotton, I had an endowment mortgage, (still do actually, and that's another story). Income support paid the interest and I paid the endowments.

Stargirl suggested changing to an interest only mortgage. I think that is probably a good idea, at least in the short term to give yourself time to sort things out. If you stayed on interest only, then yes, you would have to meet the whole amount at the end of the term.

UglyBetty wrote: »

As your solicitor is away for two weeks, can you see another partner in the practice? It seems rather urgent to me to be able to make informed decisions about your future actions.

I also think this is very good advice too. I think you should go back to your solicitors tommorow and ask to see somebody else. I think nearly two weeks of the uncertainty you are experiencing is too long.

I also forgot about the mediation, but unfortunately, as he insisted his new wife to be should be present at the meetings, that didn't happen either, so I can not help you with that, but I think it could be a good starting point. You really need to speak to a solicitor asap so they can prioritise what needs to be done. Good luck Betty, but you know, you are already sounding stronger and more positive. You can do it. xx

Bettyboop

Thanks susy....I don't feel any stronger. I have said a few times before that just about everything is a constant battle. I want to stop crying and start smiling. I want to show my husband that he can't win, that he can't see me upset over HIM or everything else. I want to get my act together and have a good life if it's at all possible.

susy_2

Hi Bettyboop, just wondering how has it gone for you today?

Bettyboop

Hi susy, how are you? Well as for today I transferred to another office and have to learn a new job. I don't mind but I was really hoping I would get a call on my mobile today about another job. It's less than 30 hours per week and more money so it would be ideal for me really. The lady I had the interview with last week said she would let me know today as she had spoken to my current employer about a reference for me. Either he hasn't done it or because of a personal problem before he gave me a horrible reference and the job isn't there anymore : (. I will give until Wednesday before I pluck of the courage to give her a call.

Sorry, I have wondered off the subject. As you know my Solicitor is off work on holiday until next week so I called there today to see if I could meet with someone else in the interim but there aren't any appointments available for a few weeks. I have one for the 12 April....so hopefully I can get sorted. I'm just depending on getting this job to be able to get back in my house.

Thanks for keeping in touch.

susy_2

Hi Bettyboop,

Fingers crossed that you will get your new job, but I don't think that moving back into the house is dependant on you getting this job.

I think you need your solicitors advice about moving back into your house and I have to say that I am appalled that they can't see you before the 12th. If it was me, I would go into the office again tomorrow with the attitude, that if they cannot see you, you will have to approach another solicitor! (And do it!)

Did you do any research on Tax Credits/Income support etc?

Bettyboop

Iv'e looked into Tax Credits but I'm still checking out Income Support. I get Tax Credits now as I'm a single parent but I will hopefully have all the scenarios done by tomorrow so I can see where I stand. The mortgage at my other house is £700 per month....I definitely cannot pay that without a job.....IS may pay the interest but the rest will have to come from me....will need to tread carefully with that one.

susy_2

Betty, I have pm'd you. Unfortunately, went through twice, had problems sending it!

Stargirl_3

Hi

Yes,the final payment will be the total amount left outstanding on the mortgage so you wont be paying any off but you still get to stay in your own home and often get a house that is cheaper than renting somewhere. So although you dont actually pay off any of the loan, you do earn money as hopefully the house prices go up so its not dead money (which is what rent would be).

Good luck. Hope you get something sorted.

MJMum

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