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Trying to plan, with out a plan
FunLovinCriminal
Posts: 480 Forumite
Hi all
Had a little sleepless night (due to kids, not stress/covid-19), so excuse the ramble.
We have a 3 bed detached house in scotland, and two young kids. Wife had a fabulous job for a supermarket chain, me not so good job. So, we remortgaged 3yrs ago, to hopefully try and pay the mortgage off sooner, and probably overstretched ourselves to do this. 2yrs ago wife was made redundant, went back to college, and now earns 1/3 of what she currently earns on a temp contract.
We have 2 years left on the current deal. With my maths, when this runs out we will have approx £47k left to pay. However, as my wife's employment is temp (I believe) the mortgage company wont take this in to consideration for remortgaging.
Checking my eligibility, and just on my earnings, they would lend £40k - so we need to find £7k from somewhere.
I'm thinking sidehustles while I work - I am a key worker.
Any other suggestions?
Had a little sleepless night (due to kids, not stress/covid-19), so excuse the ramble.
We have a 3 bed detached house in scotland, and two young kids. Wife had a fabulous job for a supermarket chain, me not so good job. So, we remortgaged 3yrs ago, to hopefully try and pay the mortgage off sooner, and probably overstretched ourselves to do this. 2yrs ago wife was made redundant, went back to college, and now earns 1/3 of what she currently earns on a temp contract.
We have 2 years left on the current deal. With my maths, when this runs out we will have approx £47k left to pay. However, as my wife's employment is temp (I believe) the mortgage company wont take this in to consideration for remortgaging.
Checking my eligibility, and just on my earnings, they would lend £40k - so we need to find £7k from somewhere.
I'm thinking sidehustles while I work - I am a key worker.
Any other suggestions?
Mortgage: 01/02/14 - £108k
Mortgage: Current - £97k
Mission: MF by 50
Mortgage: Current - £97k
Mission: MF by 50
0
Comments
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Another company may consider your wife's income if she can show a record of it so it might be worth considering consulting a mortgage broker.
Do you have anything to sell or skills to make something.Mortgage Aug 2019 161,000 :eek::eek::eek:Nov 2019 156,500:T Jan 2020 153,122:T, Apr 2020 149,500, Apr2021 139, 675, Oct 2021 136,823, Dec 2021 136,120🙂EF 0/12,000 (0%)😕 (5062.44 was ERC), Jan 2023 128,650. Our Mortgage is never going to be as high as it is today. :jOnwards and downwards to a better life for our family. :jJust keep swimming0
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