will bank leave us sell and transfer the 55k to another property? im guessing not.
They might be so pleased to get the cheap tracker repaid that they would give you a loan at the same rate. You can ask them.if not, would they leave us take out a long term loan on 55k?
I don't think that they will give you a negative equity mortgageif no to the above, would they leave us exchange tracker (ecb +1) for carrying the 55k over to new property and agree new tracker of say ecb +3?
need to move for job, only looking to move 50km's
Is it not possible to stay where tou are and make the short commute to your new job?
Not being nosey, but it might help to get good answers if you explain why they would be travelling with you. Why could the child not go to school locally?not really, wife and child will also be travelling the 50km's - dont want child going to school miles from house
Not being nosey, but it might help to get good answers if you explain why they would be travelling with you. Why could the child not go to school locally?
Your wife works close to you now or will be working close to you in the new job?
I don't understand this bit. Are you saying that you will still be 50km from work, AFTER you move house?will be the same wen move
I don't understand this bit. Are you saying that you will still be 50km from work, AFTER you move house?
Have you considered other options, like one or other partner giving up work to mind the child at home?
Not being smart (well Ok, I'm being a little bit smart), but you can't afford to move house either, so you need to consider all options.cant afford to give up job, anyway,
`Not being smart (well Ok, I'm being a little bit smart), but you can't afford to move house either, so you need to consider all options.
I'm still confused about the relevant locations, to be honest. Why would you move house to somewhere 50km away from your NEW location? Is your wife going to be working in the same location as your new office, or the same location as your new house? Is the school going to be in the same location as the new office, or the same location as the new house?
Just FYI, if that is a compulsory move by your employer, you are entitled to redundancy if you prefer - though I understand that may not be an attractive option in the current environment.
But you can't clear your negative equity.`
how do u know i cant afford to move house, i can afford extra mortgage repayments.
Correct - thats why i asked the original questions. i dont see why ye are obsessed with the locations. they are irrelevant.But you can't clear your negative equity.
Fair enough so.Correct - thats why i asked the original questions. i dont see why ye are obsessed with the locations. they are irrelevant.
The implications of defaulting are more than just losing your house. Your credit record will be shot, and your chances of getting future loans/mortages will go out the window.if this isnt possible, what would happen if i rent a house closer to city and tel the bank i have no choice but to rent in order to get closer to work/school, if they dont allow me sell i cant afford rent and mortgage, so we will end up defaulting and they will end up repossessing (which to be honest i have no problem with as i do not want to live where i am any longer).?
Fair enough so.
The implications of defaulting are more than just losing your house. Your credit record will be shot, and your chances of getting future loans/mortages will go out the window.
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