St. Bernard
Registered User
- Messages
- 149
Looking for some advice / guidance. My situation is as follows,
In 2006 I found out my long term girlfriend was pregnant. We had been talking about buying a house prior to finding this out, as we wanted to get on the property ladder before prices got out of our reach. We had started saving but did not have enough for a deposit. So we applied for a 100% mortgage with Ptsb and got it. We bought a 2 bed terraced house in Balbriggan, Co. Dublin for €310,000 over 30 years @1.2% plus ECB tracker. After my girlfriend had our child she never returned to work because of medical complications. I have paid our mortgage in full from day one. We got married in 2009 and had a second child in 2010.
Now our marriage has failed with no chance of reconciliation. I have moved out and I am renting near the house for the kids sake. I paid the first few months mortgage and my rent before we took a 3 month mortgage break. That break is up next month.
My question is what do I do now. If I could afford to I would pay both mortgage and rent but I cant. Not on top of maintenance, bills, food etc. Neither of us lives a luxurious lifestyle by any means. I’m not looking for someone else to pay my loans. I am well aware I accepted the loan and the repayment structure but circumstances have changed and I hope someone can offer some advice.
In 2006 I found out my long term girlfriend was pregnant. We had been talking about buying a house prior to finding this out, as we wanted to get on the property ladder before prices got out of our reach. We had started saving but did not have enough for a deposit. So we applied for a 100% mortgage with Ptsb and got it. We bought a 2 bed terraced house in Balbriggan, Co. Dublin for €310,000 over 30 years @1.2% plus ECB tracker. After my girlfriend had our child she never returned to work because of medical complications. I have paid our mortgage in full from day one. We got married in 2009 and had a second child in 2010.
Now our marriage has failed with no chance of reconciliation. I have moved out and I am renting near the house for the kids sake. I paid the first few months mortgage and my rent before we took a 3 month mortgage break. That break is up next month.
My question is what do I do now. If I could afford to I would pay both mortgage and rent but I cant. Not on top of maintenance, bills, food etc. Neither of us lives a luxurious lifestyle by any means. I’m not looking for someone else to pay my loans. I am well aware I accepted the loan and the repayment structure but circumstances have changed and I hope someone can offer some advice.