We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
advice please
samharry
Posts: 6 Forumite
anyones advice would be greatly appreciated.......
i purchased a property in 1988 and due to certain events sold it in 1997 at a great loss......the mortgage company i was with household mortgage corporation wanted their 25,000 negative equity forcing me into an IVA..luckily the job i am in has a house attached and i can live here for a small rent each month.however after 7 years on a iva paying back £500 per month i am now relatively debt free..........however i can only stay in the house i am in till a maximum of 55 years of age..i am now 39.....i would like advice on what to do...i can afford a mortgage of about £550 per month..do i buy in england or invest in property abroad...i do not intend to live in this property merely rent it out......would i be entitled to a first time buyers mortgage as i have married since my last mortgage in 1988 and my wife has never had a mortgage......my credit rating is now good.....
i purchased a property in 1988 and due to certain events sold it in 1997 at a great loss......the mortgage company i was with household mortgage corporation wanted their 25,000 negative equity forcing me into an IVA..luckily the job i am in has a house attached and i can live here for a small rent each month.however after 7 years on a iva paying back £500 per month i am now relatively debt free..........however i can only stay in the house i am in till a maximum of 55 years of age..i am now 39.....i would like advice on what to do...i can afford a mortgage of about £550 per month..do i buy in england or invest in property abroad...i do not intend to live in this property merely rent it out......would i be entitled to a first time buyers mortgage as i have married since my last mortgage in 1988 and my wife has never had a mortgage......my credit rating is now good.....
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.5K Work, Benefits & Business
- 602.9K Mortgages, Homes & Bills
- 178K Life & Family
- 260.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards