Hareortortoise
Registered User
- Messages
- 6
Hi all,
I am new to this so bare with me.
Can I ask a Question?
I am married with 3 children, I myself am self employed earning approx 15-18,000 per annum, and my husband netts 38,000 per annum.
We have a mortgage costing 1000 per month (Mortgage 200k, value of house 350K), and a second property which is rented out and covers the mortgage but maintenance and tax is costing us 3-4k per annum. If sold now we would probably clear 40-50k. ( its a tracker mortgage and seems to be going up in Value) We also have 45k tied up in deposits. and 6k in savings and an additional 15k coming my way from Inheritance.
We are running 2 cars, childcare & general living expenses and its proving difficult to make ends meet.
Can I ask advice;
Should we sell the house? or cash in the deposits? or any other advice as to how we could increase our disposable income or reduce our out-goings?
Thanks in advance.
I am new to this so bare with me.
Can I ask a Question?
I am married with 3 children, I myself am self employed earning approx 15-18,000 per annum, and my husband netts 38,000 per annum.
We have a mortgage costing 1000 per month (Mortgage 200k, value of house 350K), and a second property which is rented out and covers the mortgage but maintenance and tax is costing us 3-4k per annum. If sold now we would probably clear 40-50k. ( its a tracker mortgage and seems to be going up in Value) We also have 45k tied up in deposits. and 6k in savings and an additional 15k coming my way from Inheritance.
We are running 2 cars, childcare & general living expenses and its proving difficult to make ends meet.
Can I ask advice;
Should we sell the house? or cash in the deposits? or any other advice as to how we could increase our disposable income or reduce our out-goings?
Thanks in advance.