New home owner, losing job

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Sambashoes
Sambashoes Posts: 31 Forumite
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in Redundancy & redundancy planning
Hi.
I've recently bought a property but have been told I'm losing my job - the redundancy package is not great as I've not been in the job for very long. The job seemed solid.
I'm single which is real concern financially. I'm probably taking on freelance work (I'm a graphic designer) but won't be enough to pay mortgage and bills each month. I didn't get round to buying mortgage insurance.
But has anyone else found themselves in this sticky situation? How did you deal with it? Has anyone else gone self-employed and been successful in terms of paying your mortgage, etc?
Thanks

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  • Comms69
    Comms69 Posts: 14,229 Forumite
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    Lots of successful people are self employed; but you would still be entitled to benefits which would certainly help pay the bills
  • Sambashoes
    Sambashoes Posts: 31 Forumite
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    I can claim for JSA and council tax support. Home owners paying mortgages get no additional help these days.
  • DCFC79
    DCFC79 Posts: 40,598 Forumite
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    Get a part time job amd do freelance work on the side.
  • General_Grant
    General_Grant Posts: 4,840 Forumite
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    Sambashoes wrote: »
    I can claim for JSA and council tax support. Home owners paying mortgages get no additional help these days.

    Is there not a loan in relation to at least mortgage interest?

    Tell your mortgage provider - keep them informed.
  • marliepanda
    marliepanda Posts: 7,186 Forumite
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    General_Grant wrote: »
    Is there not a loan in relation to at least mortgage interest?

    Tell your mortgage provider - keep them informed.

    After 34 (36?) weeks.
  • Takeaway_Addict
    Takeaway_Addict Posts: 6,538 Forumite
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    Get a lodger in to help with the bills
    Don't trust a forum for advice. Get proper paid advice. Any advice given should always be checked
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
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    Two points 1) speak to your lender asap see what help they can offer 2)SMI offers help after 39 weeks, but it is in the form of a loan not a benefit.
  • MEM62
    MEM62 Posts: 4,752 Forumite
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    Got a spare room? If so let it out.
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