Hi all, hoping someone can advise, you see i have a solution to mycurrent finiancial issue but it just seems its trapped with my property equity. My problem i am currently on a DMP with 2 CCJs, i have been on this for the last 5 years without missing a payment, i have 60k equity in my property. I want to sell my current 3 bed and downsize to enable me to be with a reduced mortgage and No Debt!! but i just cant seem to find a way round it, every month is a real struggle money wise, and its so frustrating to think if only i could sell and but something smaller i could get some peace. i have considered selling then renting for a couple of years but im really nervous about getting off the mortgage ladder, what if i could never get another mortgage? then i would end up in rented for ever?? I work FT and have an income which makes ends meet but by the time my DMP finished i will be frazzled. Help anyone, ive tried some mortgage brokers but they just arnt helpful. Just selling would give me some real peace of mind... all sensible ideas welcome.
From a hardworking lady with a nightmare teen.:o
From a hardworking lady with a nightmare teen.:o