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Hello Clare, I am not sure how much the house is worth we are going to get it valued to ascertain this but I would guess at around £250,000 - we have £106,500 still to pay on the mortgage and are in a financial mess as we have debts of around £53k. I currently earn £39k and my husband earns around £50K. Currently we both look after the children, they are at school (age 12 and 8). I am at a loss to know how to proceed.
Hello there are no secured debts but all the debts are basically credit cards and over the years (20) there are several taken out in both my name and my husbands.
I want as least disruption to the children as possible but my husband insists that we have to sell the house - is that the case?
I am not sure where you have got the £600 from? Both our wages go into the bank. We have one bank account which pays all the bills and another which has any money for shopping/birthday/general bills.
I don't kjnow if I could afford to pay for the house and all the bills as well - that is part of my worry.