Help will i go to jail

Ironfist

Hi appreciate all your helpful comments.
If we have to rehome our pets we would have to make that hard decision.
My home is in need of all windows doors
Its has electrical problems and drainage problem we cant even use the toilet in the bathroom have been told its needs all new floorboards down stairs, i really could go on but the house is horrible its is also 2 bedroom house my boys cannot share a room because of my oldest so he sleeps with us
Which is not ideal.
If i would to rent and no debts i would be very comftable and could move on, i would also maybe entitled to something towards the rent.

fatbelly

Ironfist wrote: »

Hi appreciate all your helpful comments.
If we have to rehome our pets we would have to make that hard decision.
My home is in need of all windows doors
Its has electrical problems and drainage problem we cant even use the toilet in the bathroom have been told its needs all new floorboards down stairs, i really could go on but the house is horrible its is also 2 bedroom house my boys cannot share a room because of my oldest so he sleeps with us
Which is not ideal.
If i would to rent and no debts i would be very comftable and could move on, i would also maybe entitled to something towards the rent.

The private rented sector is very insecure. You can be given 2 months notice to leave without reason.

You are not going to get into anything like a Housing Association place if you intentionally leave where you are.

So I agree with this post:

I would not recommend renting when you need stability for your child's mental health. Renting privately is very unstable unless you have a good landlord.

Also you will need to rehome your pets as most private landlords don't like renting to people with them and whilst you obviously cannot afford them either I hesitate to say rehome them anyway as for most of us pets are part of the family.

Whilst your property obviously needs work doing on it renting is usually more expensive than a mortgage and the reason for you having nothing spare in the budget is due to you over committing debt wise.

You don't have a lot of equity either so selling up will not clear the debts so you will still have to go bankrupt and have no home and having a bankruptcy on your record will make renting privately a problem.

[Deleted User]

Ironfist wrote: »

Hi appreciate all your helpful comments.
If we have to rehome our pets we would have to make that hard decision.
My home is in need of all windows doors
Its has electrical problems and drainage problem we cant even use the toilet in the bathroom have been told its needs all new floorboards down stairs, i really could go on but the house is horrible its is also 2 bedroom house my boys cannot share a room because of my oldest so he sleeps with us
Which is not ideal.
If i would to rent and no debts i would be very comftable and could move on, i would also maybe entitled to something towards the rent.

1) Can you afford to sell your home? As in will you make enough from the sale to pay off the mortgage.

2) How much would it cost to rent a 3-bedroom house in your area and how much more will the council tax be as presumably a 3-bedroom house will be in a higher band than a 2-bedroom one?

fatbelly

The non-priority debts are non-priority. So take them out of the equation for now.

https://www.nationaldebtline.org/EW/sampleletters/Pages/Hold-action-on-your-account-%28sole-name%29.aspx

You can go to token offers after this. Nothing is going to happen in the short term.

Change bank accounts so that you bank where you do not have debts, budget hard and try to save a fighting fund.

You can then start to plan to fix the worst bits of where you live and talk to some IPs.

monetxchange

Please get a DMP in motion now, as all the other posters have helpfully advised on.

You're obviously stressed over this at the moment, so please don't make any rash decisions on selling up in order to rent. You say you'd be fine moving everytime a landlord gave you notice - but would your child handle this level of constant upheaval? Would you be able to have a couple of grand on hand for moving costs and deposits/advance rent at all times? Then could you afford to take the hit on losing a chunk of your deposit at the previous place if things had been destroyed? Think about it before you dive in. Money spent on rent is lost forever, whereas mortgage is at least invested.

I'd also prioritise what are 'needs' and what are 'wants' in terms of your house and its renovations. Obviously, sorting the electrics and toilet plumbing are urgent needs, so they'd be the first to be saved up for and sorted. (Unless you're talking about a second toilet - if you've got one working one, you can put any others down the list). Floors and doors etc are not necessary, I'm afraid. I know you're not happy with them, but you simply can't afford non-essential things right now. Maybe think about saving for a new pots of paint or cheap sticky floorboards to spruce things up if it's getting you down.

Again, I'm really sorry that your life has been hard recently. But complaining about how unfair it is will get you nowhere. At the end of the day, you accumulated the debt, no one else. Look, most of us on here have been there. The choice now is between continuing wallowing about it or doing something about it. You can do this.

Niv

If you want to sell your house and rent privately ok. But do not think for a second that will help your debt issues AT ALL. Go and read your SOA, which of those costs are due to home ownership that you wouldn't have to pay if you rented. I make it mortgage (which will be dwarfed by renting an equivalent sized house - but you want a bigger one..) and buildings insurance coming in at a whopping £12. You have around £5k equity in your house, that may cover moving expenses but I would be surprised if it even covers a deposit on your private rental idea.


I know you have said there are maintenance issues with your house, I get that, but really, private renting sounds madness in your current situation if you can possibly avoid it and others have suggested you can. How much deposit do you think you will get back when you move out if your child causes damage (not blaming anyone for that but your LL wont care - bottom line is damage = repairs = cost to you).


Do you have any handy friends? For example, you don't need to be a plumber to do most plumbing. Have you got any skills you could exchange for them doing some of the maintenance required around your house? Its just a thought, without knowing the detail of what exactly needs doing and how bad it really is (i.e safety wise / actually functioning) its difficult to know what else to suggest beyond the DMP suggestions above.