That's how I look at it Cath - I've got a roof over my head which is the main thing!
I've just had a look on Rightmove to see how much it is to rent a similar property (1 bed maisonette) in this area - we pay £600 for an interest only mortgage and rental prices vary from £695 to £795.
Ouch! You can rent a four bed detached for that where I live!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Our IP suggested we swap from a repayment to an interest-only mortgage to increase the IVA payment substantially. My plan is to switch back to a repayment mortgage once the IVA is over, increasing the mortgage payment to include most of the IVA payment to catch up, now that we spend wisely!
Debt problems, what debt problems? I'm not in De Thames, I'm in De Nile.
