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shortfall on interest only mortgage

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  • Hi Pinkteapot. Thankyou so much for your advice and I think what you suggested is the way to go.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    some more facts might help

    you have a shortfall of 19,000 which has to be paid in 14.5 years time

    that's means you need to save or pay off about 1,310 per annum.

    how much is your income?

    are you claiming all the benefits you are entitled to?
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    CLAPTON wrote: »
    some more facts might help

    you have a shortfall of 19,000 which has to be paid in 14.5 years time

    that's means you need to save or pay off about 1,310 per annum.


    2018 is somewhat closer than 14.5 years away.
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