We have recently been thinking about trading up as we want a detached house.
As we are not in arrears and not likely to be, they don't have an issue once we keep repaying the shortfall. They also advised once we keep repaying there shouldn't be an issue getting a mortgage in the future.Do you really think two adults and 2 kids moving in with parents is a good idea. On paper financially it may make sense, but I'd call it a head wrecker. With the potential for two very unhappy households. - My parents have an 8 bed house and we would effectively have our own living space - would just be sharing a kitchen. While we know it won't be plain sailing it can't be any worse than what we have to put up with where we are at the moment!
How much would your repayments be if you sold the house? Approx 750
How much would you need to pay in rent in order to live in a decent house in a good location. In excess of 900e
Why has the bank agreed to you selling the house?
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