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Original poster

Urghh stuck and nobody offering any advice

81 replies

workiskillingme · 07/11/2022 19:26

So when we got our mortgage in 2006 we needed to borrow a bit more with another loan from the same building society. Some how this loan got separated from the main part of the mortgage payment and we were paying x amount for that loan and x amount for the mortgage. Every few months they then said we need to pay more etc and we needed to do an income and expenditure then they would tell us what to pay. Fine. Fast forward to now they didn't alter our mortgage payment like they said they were going to and send us a default notice saying it's gone unpaid despite them saying the amount would be added to our existing mortgage payment .
The dilemma is we need desperately another bedroom for our son. If we can't borrow money to either move or get an extension we are screwed. I spoke to a financial adviser who was usually and gave no advice at all
What would people advise in this situation?
Thanks in advance

OP posts:
maplesaucewithbacon · 09/11/2022 00:17

OP you don't sound very practical or realistic about money or practicalities. I think you need to address that. You have had excellent advice on the money and the rooms. Don't move into rented, don't try to spend loads of money on a new roof for the conservatory. I am sure if you have a glazed roof on the conservatory as it sounds like you do you can rig up some makeshift blinds with sheets, blankets or those things you put in car windscreens in the summer to stop the car getting boiling hot.

maplesaucewithbacon · 09/11/2022 00:18

Your 16yo will be fine btw.

TomTraubertsBlues · 09/11/2022 09:11

workiskillingme · 08/11/2022 23:01

We could just get a new roof to make it more suitable for the different weathers

Show quote history

Most conservatories do not have foundations sturdy enough to support a proper roof with decent insulation etc. Turning a conservatory into a proper room is therefore not usually a cheap job.

Original poster
workiskillingme · 09/11/2022 09:31

My husband is a builder so it will be easy enough to convert it into an orangery

OP posts:
Original poster
workiskillingme · 09/11/2022 09:34

Buteverythingsfine · 08/11/2022 23:12

If there's a 16 year old who need somewhere to sleep, presumably offering a space downstairs, either on a sofa bed or in the conservatory in winter would provide a short-term solution while you think of a longer term solution. Thing is, all things like extensions, loft conversions are really expensive, prices have shot up recently and all my friends who want them have had to wait a long time or had difficulty finding someone to do them. Personally, I'd look to repurpose the space you have downstairs as an obvious temporary solution and cost up some of the others.

I would not go into rental, you could end up moving after six months.

you need to track back the history of this loan, and find paperwork relating to this joint payment, it sounds a little odd if part of it was mortgage and part of it was unsecured loan, so you need to show what you were doing til recently to evidence that it is their mistake, and then I would put in a complaint as above.

I have located a letter from April that says your new payment will be x amount account number blah blah (secured loan ) x amount account number blah blah - total payment amount x
And that is they amount we have been paying so I'm assuming they've ballsed it up . Will make complaint as we have really done nothing wrong and haven't been 'not paying' like has been suggested

OP posts:
DesignerRecliner · 09/11/2022 20:33

If the loan is unsecured and the mortgage payments are up to date, then you won't lose your home. But your credit ratings will be trashed by a default - if you genuinely feel you've been paying it you can fight your case with the lender and then the financial ombudsman service - best of luck

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