Lost my Job - What should I do?

Rocksolid

I subscribe here and ask few questions, if someone doesn't mind.


Apparently, going online I understand that the bank needs to offer you a deal in these situations, not only for a job loss, and is also not in the interest of the bank to take your home, for different reasons.


So, HSBC didn't offer you anything? They just said: pay or we take your house?


I'm quite worried to be in debt an entire life and for a small accident I need to organize my life as hell do not lose the house.


A way to avoid this seems to be a life insurance, for all the 3 cases (accident, job loss and the other I don't remember now), but for a constant income of 2k net it costs 60 pounds a month, and they provide a salary up to 1 year, so no that much to be honest...


Did you verify how did you loose your job? You may squeeze your employer's wallet .

Rocksolid

Butti wrote: »

My mortgage provider allowed me,,

To take a payment holiday
Then to pay interest only
Then to extend the term to the maximum possible.

The last option was the most helpful to reducing my payment.

Good luck

Which of them appears in your credit report? In the way to damage you for a while...
What max term did you get? (3rd option)
Online I see that every evaluation is set at 25 years, what's the maximum?
Why lenders propose always 25 years?