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Difficulty making payments
edited 30 November -1 at 12:00AM in Mortgages & Endowments
3 replies 556 views
So while on maternity leave, I extended my mortgage term a little to save us some money on monthly payments. This was on the advice of a few people who work in the industry as they said if I took a mortgage break, it could affect me later if I needed to remortgage. Now I’m in a position where I can’t go back to work at the end of my 39 weeks and have to take the full year which puts us in a difficult position financially but now I’ve been told that because I extended my term, I’m not eligible for a mortgage break now. Anyone have any advice on where I can go from here? I’ve tried making savings wherever possible which has got us through to the end of my paid maternity leave but I hadn’t envisaged not being able to return to work for another 3 months (issues with my employer not sorting out my working pattern soon enough for me to arrange childcare).