We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
helping dad not lose his house!
Comments
-
Why fight to keep what appears to be unsustainable?
Check up housing benefit rules, and if he could qualify then sell up and rent.0 -
many thanks for all the advice given here. we'll seriously give all our options a good think over and i'll let you know what we end up doing.
cheers0 -
Sorry but you are not in a position to help Dad.
He is using 75% of his income to cover the mortgage so needs to use savings to live.
At the same time he is spending what £30,000 a year on living expenses over the last 4 years.
The house if sold will give him £10/15,000 after selling costs.
If he sold now while he is in control he might be able to find sheltered accommodation ie one bed flat and get help with his rent.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.2K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.8K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards