Help Please Mortgage Situation

Jujutsu123

Hi i am new to this so hope this is in the right section.

I have a mortgage of £100,000 my house is worth £160,000 - £170,000. I have slipped behind on my repayments as im on a zero hours contract at work. I ve notified the mortgage company that i forsaw a problem in early december. I managed to pay that mortgage with help from my mum.
Havent paid january 2013 so two weeks behind.
Itdosent look like im going to be able to pay febuarys as work dosent pick up until middle febuary normally.

Im thinking of buying a smaller house say 120,000 so that i have less of a mortgage, but i am also going through debt management with community law due to my credit cards. owe approx £15,000

what are the chances of the morgage company allowing me a new mortgage on a cheaper house? any options?

please help

SillySod

First thing would be to call your mortgage company, explain the situation and ask for a payment holiday of 2-3 months (or longer, if possible, to help get your other debts down).

Jujutsu123

Requested a payment holiday they said no.(Unfortunately).
During May and June im sure i would be able to catch up with payments but obviously cannot guarantee. I normally earn double during these months

Kodagirl

Hey,Jujutsu123
Sorry to hear,about your current situation,just wanted to suggest,that you also pose your question on the Mortgage and Endowment forum,you may get more of a variety of suggestions,in to how to deal with your predicament,wishing you all the best.

SillySod

And of course you could post your SOA (statement of monthly income/outgoings/debts/assets) on the "debt-free wannabe" board for tons of good advice.