Charging rent to the kids? and other stuff

[Letsgetitpaidoff]

Having 3 lovely stepdaughters,one moved out, full time job/house owner ,one apprentice,and one student nurse,the time has come to charge Saskia rent.
She has just got a newish car,13 plate,of course the discussion of how much depends mainly on the car payments,which will be met,she works extremely hard and has rightly rewarded herself,her first car had constant niggles,and will be sold.
The side issue is a proposed remortgage,because despite the fact myself and Jayne can afford it,all our savings will be used up to clear credit,pay fees,and having that safety net gone will feel unsteady for a while,her interest only mortgage was miss sold,leaving a £44,000 shortfall,plus a repossession order.
It was sold before 2004,so the FSCS would probably not help,and I can't afford to pay a £200 an hour solicitor to find out.
But i shall be requesting all documents for this mortgage,then we'll see what happened way back in 1990!,and ppi apart,if Jayne has any claims to make.
This is just a warning to anyone who has an interest only mortgage,I may have to work until I'm 70 to pay this off,luckily,I have 4 pension pots,but unless you are stashing away considerable savings alongside your interest only mortgage,or a lottery winner/bitcoin genius,they aren't worth the paper and ink.
And all the debt charity,citizens advice staff do is recoil in horror and pass you down the line.
Im 58,never knew about mortgages,but I sure as hell know too much now.
I've had expert advice,from the top of the industry,we don't want to sell,renting is horrendous,unless you want to move 10 miles away,equity release,may not fit the "ctiteria",Jaynes credit score is sunk of course,so I'm battling for glory!

Are you ok? What is the question?

Eh?

You've given us a lot of muddled information. Your possible remortgage has nothing to do with a daughter paying rent. Who is Saskia? The eldest one doesn't live with you, the other two are not earning so who do you expect to pay rent and what has that to do with remortgaging your house?

Please clarify.

Who is Saskia and who is Jayne?

You’ve mentioned they’re your step daughters. Have you moved into what was initially their family home?
If so, you are somewhat overstepping your boundaries to try and “charge” rent.

😳

Interest only mortgages wetent sold in 1990. You would have had an endowment policy running alongside it. It's the (poor) performing endowment policy that is the problem, or more likely the projections used at the time & therefore the monthly premiums you were asked to make. I think all these policies are now time-barred & any redress already paid or accounted for.

As pp said.......not sire what your question is tbf. You started off about sd's, cars & loans.......

It's a very bad idea to use real names. I hope that Saskia and Jayne don't see this in the Daily Mail. doubt the Daily Mail would want this though

I wouldnt say a 2013 car is a newish car

What the hell are you waffling on about @Letsgetitpaidoff ?

@NoSauce 😂

Sorry if you were asking for advice, I kind of gave up half way through
Could you re-frame this as a question?
Also, I am not normally a grammar Nazi, but you need to put a space after a comma. Every time you conjoined 2 words with a comma it made it even more difficult to understand.