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Stuck with a mortgage
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She might not have remortgaged if she didn’t know anything about it as then she would go on standard variable rate.
On £47k she would be paying a lot of interest. If she’s missed payments they would add a late payment charge on it, which would add to the balance. Plus if she wasn’t working I assume she would have it over a longer term mortgage which would mean paying more interest for longer. Which if all of this has gone on for 14 years it’s probably about right to be honest sadly. As I know I once had a look into a mortgage when someone was on about it for 30 years and it added I think half on interest if over the full term of the mortgage.
As for you taking it on. What is it worth now? As it could be possible but you need to look into it all first. You don’t have to remortgage with them, but look into it all first:T:T :beer: :beer::beer::beer: to the lil one
:beer::beer::beer:0
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