Please help:(

GDB2222

AnotherJoe wrote: »

Its only 8 years if husband never gets another job and if you never earn more money.
As for selling, it wont clear your debt, private rent would be more than your mortgage and council houses dont fall off trees as your husband seems to think.
Even if husband worked from home that would start to make inroads.


re spending, your mobile phone bill is ridiculous. Me and MrsAJ are on £5 a month SIM only deals.

Same goes for food, much higher than the average.

Profligacy! I’m on PAYG at O2, and I spend around £2 per month.

Obviously, it’s not possible until any contract has ended. Is it possible to hand back the phone and finish the contract early?

I bought a refurbished phone for £50. It’s slow, but it does everything I need.

Sarah_x

Thank you all so much for all your replies.
Mobiles contracted 1 year left unfortunately.
Holiday we have not had holiday in 5 years.
I here you all what your saying about giving up my house but if we cannot afford it thats different i think.
Living at my husbands parents is not ideal I agree
But there would be no money troubles what so ever and probably could save 7 800 amonth.
Car wise we regular use my husbands parents car so not to much of an issue.
My husband said if he got a job 100 pound per week
He wud roughly be 25pound a week better off
With the universal tax going down he sed thats slavery
We are not to fused about keepin the house tbh
Needs alot of work some urgent and the thought of waiting years n years for windows doors and new carpets etc is depressing.
Its why the heating bill is high.
at the minute we have never missed a payment or nothing but if we cannot sell
The house soon we would start missing payments.
I appreciate all your comments trying to help
Our heads are all
Over the place at the minute.

GDB2222

As long as you and your husband agree on priorities, that should all work. However, living with parents in law could be a struggle. Marriages have ended over that sort of thing, whereas few marriages break up because the carpet is tatty or the windows a bit draughty. (You should see our house!)

Yes, you owe more than your asset value, but are you sure that justifies giving up the security of owning your own house?

One sort of halfway position might be to let your house out and move in with parents in law. Then you can see how that works, without burning all your bridges.

Sarah_x

Imo home ownership is overrated
Its were all our loans as come from work on house etc
We wont break up we have been tested to the max as it is but i understand its not ideal
But we would not have to pay nothing for rent
Seems like the best option right now.

fatbelly

Sarah_x wrote: »

I here you all what your saying about giving up my house but if we cannot afford it thats different i think.

You can afford the mortgage and have £300 per month available to non-priority debts.

Sarah_x wrote: »

The house soon we would start missing payments.

You can afford the mortgage and have £300 per month available to non-priority debts.

I'm unsubscribing now...

[Deleted User]

Sarah_x wrote: »

Imo home ownership is overrated
Its were all our loans as come from work on house etc
We wont break up we have been tested to the max as it is but i understand its not ideal
But we would not have to pay nothing for rent
Seems like the best option right now.

You're looking for a quick fix to your money problems and I'm not sure that long term selling your house and moving in with the outlaws is going to make you any happier. There is plenty of fat to be trimmed off your SOA that you could use to repay your debts and start repairing your house. You say that gone ownership is over rated but do you really want to still be paying rent in your old age when you could be retired?

Willing2Learn

Hi Sarah,

I am very confused by you responses. This thread is titled "Please help:(" and you clearly state in the opening post "If anybody has any advice for me it will be very much appreciated xxxx". But then you are ignoring every piece of advice you have received. Why are you not listening??

fatbelly is one of the most knowledgeable MSEers when it comes to advising on money and debt options. Listen to him (or her)


You do not need to sell your house.
You do not need to declare yourselves bankrupt.

A DMP is the obvious solution. You need to make your decisions based on logic and necessity. At the moment you are failing to do this. Please read about a DMP on the following site:
https://nedcab.cabmoney.org.uk/dmp.asp

You do need to continue paying your mortgage & council tax for the time being, while you seek advice. I urge you to discuss your debt and housing options with the CAB and recommend you do this asap.

You are both panicking and are choosing the worst option available.

Sarah_x

Thank you
I will do this monday x

Willing2Learn

Just to clarify. While you seek professional housing advice and debt counselling advice from the CAB you should:

• Continue to pay your mortgage
• Continue to pay your council tax
• Stop paying your joint loan
• Stop paying your sole loan
• Stop paying your credit card statements
• Stop paying your store account statements

I suggest you write to your unsecured creditors (both loans, cc and store account) asking for the accounts to be put on hold whilst you seek advice. A letter template is linked below:
https://www.nationaldebtline.org/EW/sampleletters/Pages/Hold-action-on-your-account-(sole-name).aspx

Use the template for joint accounts when you send out the letter for the joint loan.

Those letters should give you some breathing space while you work out what you need to do.

elsien

Your husband is deluded if he thinks you are going to walk straight into a council house due to overcrowding at his parents.
The situation does vary in different parts of the country but particularly in the south you could be in with a very long wait indeed. And if the inlaws try to force it by evicting you, you could end up in emergency accommodation which is far worse than where you are now.
I would strongly advise making an appointment with a local housing officer to get a realistic picture of your options for social housing moving forwards, before you chuck it all in and sell up.