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Help! Is there anything I can do about my mortgage?

52 replies

Rainbow28x · 10/11/2022 13:56

Long story short, we moved into our first home and did a two year fix which ended the beginning of the year. At the time we couldn't renew as I wasn't working, due to maternity leave ending and me being pregnant with my second (so I chose to leave work instead of going back as I couldn't afford childcare either)

With the cost of living increasing, our mortgage is an extra £350 a month that it was at the beginning of the year. My second baby is a few months old and because we were struggling for money I took the maternity allowance as soon as I was entitled. This is ending in January and my partners wage won't cover just the bills anymore and I just don't know what to do! Is there anything I can do about my mortgage or are we truly stuck until interest rates start decreasing again?

Many thanks x

OP posts:
LadyLapsang · 09/01/2023 22:59

@seekingasimplelife Quite apart from the moral aspect of your advice, how do you think OP will get on if she tells the mortgage company she is now a workless single parent living with two dependent pre-school children and her partner has decided to live elsewhere. I don’t think they would be falling over themselves to give her a good rate to remortgage.

Zippedydoo123 · 10/01/2023 09:50

Change it to interest only for a couple of years.

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