mortgage trap - please help

alidee_2

i have just accepted an offer on my house of £187000 and wish to purchase a house for £165000.

I have just got divorced and the house is mine in the settlement.

i am currently not working and am downsizing and will reduce my £114000 mortgage to around £100000 on completion.

the dss are helping with remortgage payments at the mo and im putting quite a bit towards monthly payments too.

have just been told by my mortgage provider that they will not give me a mortgage when i move as i will need to show £25000 income to support the £100000 mortage. i understand that in a way but if the dss will continue to pay it what is their problem ? i will have about £67000 equity in my property.

so i either dont sell this hell hole i live in and let dss continue to pay and get stuck in a rut or it seems i have to get a £25000 job (impossible) to finance a new mortgage.

any ideas guys ? cos im sat here stuck and crying my eyes out - cheers

alidee

Timmne

Why don't you consider renting? I would if I were in your position and put any spare money into a savings scheme or something...

I suppose the mortgage company don't know that your mortgage will be paid for by somebody else forever; they may just stop paying it at some point and then you'd be in the !!!!!!...

Remember owning a house is not the be all and end all - mortgage lending limits are there for a reason; what you can afford to pay back.

It's hard to accept but if you can't afford a house then you can't afford one...