Apologies if the following post is very harsh, but it is my honest opinion on the matter:
Something you're very much entitled to.
I've read this thread from start to finish. I'm not surprised you are in your current situation.
Either am I, but for other reasons, but I've pointed that out myself and I don't need my nose being rubbed in it.
You put a deposit down on a home even though there was no chance you could get a "normal" mortgage. You have a history of bad credit. You do not understand interest rates. You cannot afford a home without a 100% mortgage.
First of all, the deposit was given before we had a refusal from IIB.
Secondly, yes back then I was a lot less understanding of Interest Rates than I am today. I don't like the tone of your post, you are almost labelling me as stupid.
Clearly you were not in a position to even consider getting a mortgage. I don't believe you understood the seriousness of having debt for 35 years.
Well I understand it now!!!
You were given an incredible amount of support here, yet you ignored all their advice and stupidly got a high interest mortgage.
I have already thanked the people who gave their support and advise back then and indeed in the recent days. Yes, I didn't take it all on board at the time. I let other things cloud my better decisions and done something very foolish and silly. I'm paying the price for it today.
I am very sorry to hear you have now split up with your partner.
I do not think you are capable of sorting out this situation. I do not think you fully understand the concept of debt. I am concerned you will do something stupid as a temporary solution to your situation.
If I thought I could sort this out myself I wouldn't be back on this thread asking for advise again would I? No, I cannot sort this out myself and am well aware that I have left myself with heavy financial burdens. But don't tell me that I don't understand the concept of a 35yr dept. I understand it alright. Things changed dramatically since my original post, I'm trying to keep my head above water here and am doing so just by the skin of my teeth.
This is my advice:
Well done for contacting MABS. You need to follow every word of their advice. Do not override their advice, as I do not believe you are capable of making wise financial decisions.
You need to let the experts decide what you need to do. Do not try to solve this situation yourself
I'm sorry if my reply is a bit on the defensive side but I'm not insterested in negativity anymore. I have given myself a hard enough time without having to defend myself on here.