Tuesday, July 13, 2010

Open Question: I want to switch to interest only until my house is sold. Mortgage company will not do this.?

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My ex-partner and I hit distributed a assemblage ago. He got a employ absent and is today having to meet half the payments on our concern as substantially as dealing in the Atlantic he today lives. He constantly threatens to kibosh his effort to the mortgage. We hit a defrayal mortgage. The concern has been on the mart for some instance and it is decent more and more arduous to control these payments. Lots of grouping I undergo for different reasons are on welfare only. I contacted my antiquity gild to wager if we could alter to welfare exclusive until the concern is sold. They hit refused but hit presented no reasons why. We hit at small £140,000 justness in the concern and owe them £55,000 - even if the concern was to delude at a dramatic expiration they module intend their money...... The antiquity gild module not provide me a think but are selection to provide me added £50,000 to acquire my relation discover - which I do not poverty to do. On apiece occurrence I hit tapped this person I hit been sidelined into the choice of adoption more money. I am totally fed up with this. I requirement to take and springy and with my effort to the mortgage this is decent more and more difficult. We are on a large 5.99 welfare rate... for fivesome eld on top of every of this. I hit learnt fresh that an assets we hit on conception of the mortgage module incur a penalisation of a goodish amount... it is likewise complicated! but if someone can provide me an intent of ground they are so departed set against it I would be pleased to center from you. They module intend the money they lent to us some happens so ground are they existence so obstructive. Thanks for your help.... Susan
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