today my partner received a call from our lender informing us that our mortgage is unsustainable and requesting a voluntary sale.
I was shocked as we had applied for a long term sustainable solution with one of the main lenders.
Our situation so far is we are on interest only for 2 years. This is mainly due to the fact that there has been two pregnancies and maternity leave along with the fact that my partner is unemployed.
Currently 3 children, another due later this year. Our mortgage is for e380k with 21 years remaining.
We were caught in a difficult position as if my partner worked and childcare was required it would cancel that income. Hence we were only looking for short term relief until the children were at school/ playschool or even until I came off maternity leave and I could do extra work.
I would appreciate any advise or names of any mortgage arrears support groups as am extremely worried.
I was shocked as we had applied for a long term sustainable solution with one of the main lenders.
Our situation so far is we are on interest only for 2 years. This is mainly due to the fact that there has been two pregnancies and maternity leave along with the fact that my partner is unemployed.
Currently 3 children, another due later this year. Our mortgage is for e380k with 21 years remaining.
We were caught in a difficult position as if my partner worked and childcare was required it would cancel that income. Hence we were only looking for short term relief until the children were at school/ playschool or even until I came off maternity leave and I could do extra work.
I would appreciate any advise or names of any mortgage arrears support groups as am extremely worried.