Newbie with tricky situation

NinjaSavingKat

The mind boggles...

Pay off your debt. Start a new life/house with a clear conscience. Fess up to the boyfriend if you haven't already and get your name on the mortgage.

You are going from "being on the property ladder" to renting. But you happen to be giving your landlord/boyfriend £96k...?

If you decided you wanted out of this relationship..whats the likelyhood of him having whatever it takes to pay you back? With interest?

tallyhoh

I had one of those trust deed things when I bought my dads house, turned out to be not worth the paper.......

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Pmd wrote: »

I am going to get a declaration of trust before the purchase. I will be getting approx 100k and putting 96k towards house purchase.

However, when it called payplan this week, they said they can't advise and that I would need to start a self managed dmp until I move. When I've moved, they advised me to call back and they will assess the situation then.


What do I do in the meantime? I'm behind on everything and am being phoned morning, noon and night but don't seem to be able to get on top of things.

Any advice?

Sorry OP, that's insane.

You're getting called up about your existing debts, and you want to lump another 100k on top of that, with no cast-iron guarantee that you'll see any of that come back!?

There's a reason Payplan said they can't advise.... because they can see the figures stack up immeasurably against you if you go through with it. And that's even if it doesn't go Pete Tong.