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MARTINS VIDEO FOR SELF-EMPLOYED * DELAY HOUSE MOVES * EUROSTAR UPDATE
Selling to pay off debts
7 replies 991 views
I have an interest only mortgage £110 per month. i am no longer able to work due to disabilities, my problem is that my income is very low and the house needs a lot of repairs. I am also in £7000 worth of debt and my mortgage is £86.700. I have been offered £140.000 witch would pay off my mortgage and my debts and leave me some left over, but i would have no where to live so i would have to private rent. private rent would eat up the profit i made off the house in no time but i would be debt free. My gardens are an embarrassment as i cant afford to do anything with them and cant manage them myself. my son is 21 and lives with me but does nothing around the house. Any advice would be appreciated. I've also promised the neighbour i would sell it to him but nothing signed. I've been here 19 years and i'm scared of becoming homeless.