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Losing my home
Comments
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I think you are making a mistake by selling up. The 50k equity will mean you will get no benefits until its nearly gone. You need to keep the house. Is it a repayment mortgage? Cant you try for interest only.0
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If your Son is 16 it won't be long before you are no longer entitled to tax credits so please be careful in whatever you decide?0
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Tax credits are adjusted every time I earn a bit extra and so I wouldn't gain anything unless I no longer needed them and that means earning a lot more money than I do now.
You should be able to earn up to £5000 more a year without it changing this tax years tax credits so can you not find a second job and change to interest only to give yourself a bit of breathing space?0 -
What exactly do you earn, with breakdown as from where please?
Will be able to confirm if you are in the ballpark or miles off..I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it.This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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