Please tell me it isn’t as bad as it feels

[Iheardit]

Hey, writing this through tears. We brought our house 2018, since then it’s just problem after problem. Now we have leaks, roof/walls, Vallys. The house needs about 20k of work to make it watertight. We have a mortgage of approx 225k. House is worth approx 280k although I guess much less at the moment with the leaks/water damage. I earn 27k (although am on maternity leave) partner earns 32k. I have 5k of savings although this was to help cover bills while on maternity.

Our options from what I can see are try and borrow more on our mortgage. Or remortgage. We are locked in till 2023.
We currently pay £880 a month, although when I am working we over pay by £200 each month.

Any other options, I just feel so scared. It’s so much money to try and find.

Thanks

@Stinkerbells

"That’s so wrong that Home Insurance won’t cover you, any chance you could appeal?"

Why would home insurance cover repairs or replacement to the roof when the causation factor is wear and tear. If it had got ripped off in a storm that's different but the loss adjuster probably would have said that due to the condition of the roof, it was a contributing factor.

Insurance companies can be harsh but in reality this is not unfair

Thanks for everyone’s advice, getting quotes three more builders coming over this week. Mortgage company phoning this week. It has nothing to do with next door as we are detached.

Roof doesn’t sound as bad as we first thought. Although roofer admits he needs scaffolding to actually figure out what’s wrong, although he thinks the lead in the valley has split.