i am 60 years old and have 5 years left on the interest only mortgage
we bought the house 8 years ago for 125,000 at the height of the market
theres 117600 outstanding, we had 3 valuations done 120000,129995, and 130000 estate agencie fees range from 1.25 to 2 percent plus vat , and it also needs a energy certificate.
other assets we have , we both have cars, furniture and electrical items
i am self employed video editor and have a studio at home my income is varible obviously with what work i get in , my income varies from 12000 to 30000 per annum my wife works part time and has a small antique business i don't know what her income is, i paid all the bills , we got married in 1987.
we have 2 grown up daughters , one is 25 and a single mother and lives in liverpool the other is 17 and lives with her mum
just an extra bit of info
during the period of our seperation the house was in negative equity , i spent between 5000 and 7000 doing the house up new bathroom ,kitchen ,floors,etc to try and add a bit more value to the house
hi we SOLD our house right at the bottom of the market and made only 5000 profit in 1999 we moved to cheshire and was renting for years till we bourght the house in 2007
she would get some more equity out of the house,and i would as well to hopefully give us a bit of money to get a deposit and pay for moving costs, at this time i have nothing ill be homeless, and without a place of work, I'm a video editor and have a lot of equipment in my job ,