Redundancy & Child Maintenance

Cortinaa_GTR

I'm due to be made redundant in Nov this year after 13 years service. Having googled the thread title I'm not really any further forward as per my liability if any? Does the 30k tax free amount count or is it separate? Do I keep paying the same amount until I find new employment and then recalculate. I don't want to not contribute for my child but I also need to remortgage whilst potentially out of work so feels like there is a lot going on. Any help appreciated.

GrumpyDil

Won't comment on the child maintenance element but how are you going to remortgage if you have no job? 

Cortinaa_GTR

I technically don't need to remortgage right now but can find out my current lenders remortgage offering from tomorrow on their online portal and so could click and pick one. My worry is if their offer isn't great and to get a good deal means changing lender when I'd initially be out of work. I could use redundancy to reduce the debt down but might end up needing it to live on it. I guess timing is everything.....

GrumpyDil

Yes it will be I suspect. 

In your position I might choose something now as you might well end up needing the redundancy money to live on, unless you are confident of getting another job fairly quickly. Either way good luck with that element.

As regards the maintenance payments I'm think you might get better advice if you get this thread moved to the family boards. 

Cortinaa_GTR

So got into mortgage portal today and it's as grim as I thought
2 year fix - 6.05% (58% increase monthly)
5 year fix - 5.4% (48% increase monthly)

I'll have a look at the family boards, thanks