Hi,
Please can somebody explain a split mortgage to me?
My husband and I are currently in a situation that for the last 5mths we have been paying a reduced mortgage payment (rescheduled mortgage temp.6mths) due to unemployment.
Now our 6mths is nearly up and our financial situation has not improved and we would like to consider other options until we get back on our feet but we are not fully informed as to what we can ask for or are entitled to consider.
What is a split mortgage?
What other either long or short term options are open to us? (so we can ring and write to our bank and discuss further)
thankyou.
Please can somebody explain a split mortgage to me?
My husband and I are currently in a situation that for the last 5mths we have been paying a reduced mortgage payment (rescheduled mortgage temp.6mths) due to unemployment.
Now our 6mths is nearly up and our financial situation has not improved and we would like to consider other options until we get back on our feet but we are not fully informed as to what we can ask for or are entitled to consider.
What is a split mortgage?
What other either long or short term options are open to us? (so we can ring and write to our bank and discuss further)
thankyou.