Totally and utterly fed up

[NailTapBucket]

I'm losing the house that I love. No way around it, just been talking to an estate agent about selling it to try to get something back. I've lived here since 1985 and my kids grew up here.

It's also looking like I'm going to have to rehome my dog. He's very energetic and loves the big garden we have now. Been looking at renting a flat but they don't allow pets and he'd hate it anyway. And they're all £600 or so a month which is going to be difficult.

Can't get any help from the mortgage company - they're pushing me towards a lifetime mortgage and I've applied for a few online but been turned down. Trying to speak to shelter but they have no advisors available at the moment.

The stress means I barely slept last night so my health condition is flaring up and I can hardly move about.

I posted yesterday for help and advice but got accused of all sorts by other posters and now the thread has been deleted so I can't even access the few helpful posts.

I'm just so absolutely gutted to be losing the only home I've had for such a long time. Genuinely keep bursting into tears and I can't look at my dog because I feel so damn guilty.

I did not mishear or misunderstand what was said. I spoke to the advisor at least twice about it and he assured me that the mortgage would switch over in Jan. We could afford that payment but unfortunately not £600+ for a flat!

Didn't you wonder why you received no paperwork confirming the new repayment mortgage?

What was the term of the repayment mortgage they offered in June? How many years?

They charge (it comes off the mortgage, or it did for me) but simply adverse mortgage brokers got me a mortgage when nobody else could. I had a DIP from them in 24hrs

I don't recommend companies often but their reviews are here and they made everything simple for me

https://uk.trustpilot.com/review/simplyadverse.co.uk

Sorry about that. That's MN for you. People on this site goaded a nurse into suicide back in around 2012 when she let details out about Kate Middleton's hospital stay and came here for support. Posts on here about stuff like this ALWAYS descend into accusations of trolling. Someone called me special needs once when I asked about mortgages. It's hilarious.

So don't let that upset you.

@NailTapBucket Being realistic if you’ve got 65k to clear, setting up a capital repayment mortgage to be paid off in 5 years at 5% is going to cost you £1227 a month - can you afford it?

@NailTapBucket To get a payment under £600 you would be looking at having a mortgage over 13 years. That takes your partner to 90 and you to 80. I can’t see any mortgage company agreeing that.

Well OP has already said that they couldn't afford rent of £600pm, so no.

Which is why I asked above what the term was when it was supposedly offered in June, given that OP is 67 and her DH 77.

I do wonder if the Mortgage company was talking about Equity Release.

@BMW6 yes it must have been

It would make more sense, the OP gets to live in her home until they are both deceased then ownership reverts to the mortgage company if I understand correctly?

I think it is the only viable option open to you OP.

I

So who is pushing you towards a lifetime mortgage? With who?

Why won't they let you go onto a repayment mortgage? It's unlikely a court would allow the bank to repossess the house if you are offering to pay capital and interest. If it goes to court it will be decided there and if you have a reasonable proposal the bank will have no choice but to accept it.

What an absolute load of nonsense. That did not happen.

The poor nurse died by suicide due to the radio DJs. Search the threads on here from that time and the MN community are rightly saddened and outraged by her death.

OP is 67 and her DH is 77. Neither work. Income State Pension and a small Occpen of £100pm.

Please can we give the mortgage thing a rest? I'm sick of worrying about it and really just posted for a bit of sympathy or something, not to rehash the last thread!

We’re trying to help you op, Mumsnetters are problem solvers.

I'm confused, how were you intending to clear the mortgage when the term ended? You say you stopped work due to Covid, so that can only have been a couple of years ago. A couple of years of interest only payments surely doesn't result in you owing 65k?

This. Plus what does posting for sympathy, a moan or reassurance, that seems to be common on here, actually achieve?

We can all say 'oh no, how awful' but that doesn't sort out the issue you have with your mortgage lender. Whereas being aware of your rights, talking to a broker to see if there are any alternatives available, or looking at the best way to throw in the towel and rent instead sooner rather than later and deciding which of these options is best/least worst could well do.

But it's just the same thing over and over and it's making me feel worse!

OK, forget about what has happened before, try and take this forwards.

What are your options, realistically? Do you know anyone nearby who could Foster your dog so you can continue to see him regularly? That way you could accept the Council property and visit your dog.

The worse thing mortgage lenders ever did was sell endowment mortgages. There are loads of people in the same situation. Have you tried asking the council whether they will buy back your property? Worth a try, good luck

I posted yesterday for help and advice but got accused of all sorts by other posters

No-one on this thread has accused you of anything. Everyone has tried to help you with suggestions.

People are trying to help you for goodness sake!
Poster after poster could come on here and tell you how awful your situation is but how's that going to help?!!!
You need good advice and you're getting it. Jeez.

I've seen both threads OP and to be honest, you are wallowing in your own self pity. Plenty of people have given constructive help but you don't seem interested in helping taking the help.

You are potentially looking at losing your home. If it were me I'd be on the phone to anyone who would listen to try and keep the roof over my head.

You've just given up.

Another thought OP, have you looked into any over 55's apartments? They are normally lower rental prices than average flats in the area.
If you give up now and wallow things won't improve and all the sympathetic posts in the world won't get you out of this mess sadly.