» Tue Aug 10, 2010 8:38 pm
Let me know what details would help you to help me, as I tend to babble on a bit.
There is £130,000 of debt (this is loans, credit cards nothing secured). We have two properties, one is our house, mortgaged, don't think there is any equity (but will need to have it valued to find out).
The other (and this is where it could be long winded) was my late mother's. She had a lifetime mortgage and needed to move in with us for care (she passed away in feb), the lifetime mortgage had "issues" so I bought it, with a buy to let mortgage. Social services has "issues" so it wasn't let during Mum's time with us, but since her passing, it has been now rented out, but there is no cash coming in from it, it just covers the mortgage payment and the agent's fee. This was in neg equity, but unsure if it's just about back from this now or not.
Because I was a full time carer, I gave up work, have been looking for anything from Loo cleaner to Manager positions, but due to gap on cv, I haven't got too far.
Hubby was made redundant 3 times, in 2 years, has just got a full time (paying peanuts) job, bless him.
Originally we were told no to IVA, as neither of us had a permanent income/job.