Marriage breakdown, mortgage advice needed please!

MortgageHelp

Hello,
I'm not new to this site, but due to a marriage breakdown I've decided to go by a different username. I'm looking for some advice please as I'm not sure what to do next. Current situation;

Mortgage outstanding: £96,000.

Our 5 year fixed term, part repayment and part interest only, came to an end in January and so our mortgage provider put us onto a variable rate which is 0.95% above the providers Base Rate (currently 0.50%) so a rate payable of 1.45% on the loan. Our mortgage has gone from approx £450 per month to the new rate of £150. Now that things at home have settled a little bit, I know I need to address this as I'm obviously not going to pay off my mortgage at that rate! and am desperate to not get into any financial difficulty.

Neither of us have any loans or credit cards to pay off. We do not have pensions or savings.

Any advice on what I should/shouldn't do would be very much appreciated, thanks!

opinions4u

What, specifically, do you want help with?

From your post there seems to be a concern about being on a part-interest only basis. Contact the lender to find out how to change this. £96k over 20 years at 1.45% on a repayment mortgage will cost about £460 a month.

But is your question more around changing ownership of the property, who should pay the mortgage, something else? That's not clear.