I don’t know if anyone can offer some general advice. I do have a call with citizens advice next week so can get more specific help then.
We are finding ourselves struggling with COL. I work 3 days (DC in nursery, cannot afford to increase, 90 per day and not eligible for any other help than the 20% tax deduction ) and I earn circa 15,000 pa. husband is full time earning shy of 40,000 pa. Our mortgage is variable as we’re looking to sell (2 bedroom small flat in Herts) and is currently 1300 a month. We’re cramped with family of 4 but trying to make it work. Due to it being shared ownership we also pay rent and service charge. We don’t own it all.
We’ve had 2 viewings since it went on open market and so desperate to sell. Initial plan is to move in with in-laws. We have 2 cars and pay for DC1 swimming lessons.
Looking at our finances we’re very much living month by month.
Does anyone have any advice or help? Our mortgage is killing us but if we lock into a fixed rate, we pay when we sell and as in negative equity we cannot do this either.
Any help appreciated!!!