Financial Advice - 2 mortgages

C

cocochannel

Guest
Who can we trust these days to give financial advice.
Two mortgages, one rented, both bordering on negative equity.
Lost two good jobs but replaced with lesser paying jobs.
Have savings from redundancy payments on deposit. Meeting payments now on salaries but if interest rates rise significantly we will need to dip into savings to pay mortgages and bills.

Are we best to stick it out, as is. Or to sell one or two houses.

One good paying job would solve everything but despite several applications there are no responses. I think companies are advertising jobs for whatever reasons but not filling the positions.

Who can we trust these days to give sound financial advice.

Coco channel
 
Here is a good place to start for getting free impartial advice.
If the rented property is not in negative equity yet, and you do not want to dip into savings to subsidise it when rates rise, you would be prudent to sell it imo.

Are you living in the second property?
 
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