Mortgage in BR question

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drowning-mummy

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Post by drowning-mummy » Wed Aug 13, 2008 12:50 pm
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Afternoon all,

Having a stressy fit again.
We are on a repayment mortgage (negative equity, so hopefully keep the house).
Can the OR make us switch to an interest only mortgage, to free up some disposable income?

P.S. have asked this same question over on the BR site, but as its quieter over there hope you dont mind me posting here too.
"Theres always time to fly a kite....."

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plasticdaft

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Post by plasticdaft » Wed Aug 13, 2008 2:08 pm
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I think it can be suggested but I am not sure if this can be forced onto you.
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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Wizzard

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Post by Wizzard » Wed Aug 13, 2008 2:28 pm
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Wish I could answer that one DM ... but what I know about mortgages could be written on a postage stamp with a six inch chisel. Mebbe bumping it up to the top of the heap might attract an expert.
When I was young I was called a rugged individualist
When I was in my fifties I was considered eccentric
Here I am doing and saying the same things I did back then and now I'm labelled senile
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Viki.W

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Post by Viki.W » Wed Aug 13, 2008 3:07 pm
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Hey DM, hope you're ok. I can't answer either but I'll bump it back up for you. X
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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drowning-mummy

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Post by drowning-mummy » Wed Aug 13, 2008 4:04 pm
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Oh you're all so kind!
BUMP!
13 days to go.
Just as well, as got letter from MBNA today and they are going for a charging order.

Off to meet some other bankruptees and Julien Donnelly on tuesday in Covent Garden. Hopefully as well as giving my story will be able to have my mind put as ease.
"Theres always time to fly a kite....."

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Viki.W

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Post by Viki.W » Wed Aug 13, 2008 4:08 pm
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Ooh DM, not long now, I'll be thinking of you. Please tell Julian I hope he has recovered from his accident and feeling better. X
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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chris.g

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Post by chris.g » Wed Aug 13, 2008 4:27 pm
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I don't think so DM, unless the payments were going to reduce drastically. Anyhow, if you're in a fixed rate mortgage, then the chances are interest only may not be much cheaper.
Keep it together hun, not long now, xx
It's nice to be back......
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