Can anyone help?!?
My mum has a mortgage that has 5.9 years remaining. 9 months of that is fixed term.
She is 64.
Since taking the mortgage she has retired and her income reduced considerably.
She is currently paying £777 PCM to her lender and only actually receives £860 pcm pension. She has used her pension payout to essentially maintain her living costs and this has nearly depleted....
Her mortgage will only reduce to £739 on the standard variable!
Can anyone help come up with ideas of where to turn or options available to her?
The property is run down but not really in a poor state of repair and she wants to try everything she can to stay.
I am running out of optimism for the both of us and could really do with some advice.
Please!!!
My mum has a mortgage that has 5.9 years remaining. 9 months of that is fixed term.
She is 64.
Since taking the mortgage she has retired and her income reduced considerably.
She is currently paying £777 PCM to her lender and only actually receives £860 pcm pension. She has used her pension payout to essentially maintain her living costs and this has nearly depleted....
Her mortgage will only reduce to £739 on the standard variable!
Can anyone help come up with ideas of where to turn or options available to her?
The property is run down but not really in a poor state of repair and she wants to try everything she can to stay.
I am running out of optimism for the both of us and could really do with some advice.
Please!!!