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
Should I move unsecured to secured?
Comments
-
My thoughts;
1) Would your wife be entitled to any redundancy settlement. If so, what are your plans for this money? (Maybe some of this could be used to reduce the loan balance)
2) There seems to be no assumption that you wife will secure new employment. Is it unrealistic to expect that she would find a new job?
3) Interest only mortgage? Why? Are your finances already stressed?
Of course, we do not have the full story or your background but these points would be influential in dictating your strategy.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.9K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards