I really need some help. And how!
6 years ago my now ex husband and I had a joint, 25 year, interest only mortgage because we couldn't afford a repayment one and, we didn't have insurance. I don't know how we got a mortgage with out but we did.
I'm really concerned about how I'll pay off the mortgage at the end of the term and don't know how or where to even start sorting this out.
I'm unable to sell the house because we bought at the height of the market and it's now in negative equity by around 30K which for me, is an absolute fortune and I dread that it will ever go up beyond what we paid for it.
The house is still in joint names because there's no way I can afford the mortgage on my own so I can't change that. I afford the repayments by having a lodger, not ideal but needs must.
So I really do need help. . . . .anyone?
6 years ago my now ex husband and I had a joint, 25 year, interest only mortgage because we couldn't afford a repayment one and, we didn't have insurance. I don't know how we got a mortgage with out but we did.
I'm really concerned about how I'll pay off the mortgage at the end of the term and don't know how or where to even start sorting this out.
I'm unable to sell the house because we bought at the height of the market and it's now in negative equity by around 30K which for me, is an absolute fortune and I dread that it will ever go up beyond what we paid for it.
The house is still in joint names because there's no way I can afford the mortgage on my own so I can't change that. I afford the repayments by having a lodger, not ideal but needs must.
So I really do need help. . . . .anyone?