S
sickofbanks
Guest
Ok this is my first post..........Im being honest here if there is any missing info to help with my problem please ask....
Im 28, i bought my house on my own for 345k on a 100% mortgage in 2007.
I had my own tiling company at the time so money was (at the time) was no object.... My mortgage being €1887pm.....
I felt the recession very soon after purchasing my property losing €000's to builders not paying/going bust.... This eventually got worse with me missing loads of mortgage payments, when the company was on its knees another company headhunted me and i started for them on a massive salary which in the process i paid all the mortgage debt owed but after working for this company for about 1yr (the company had same problem as i did, getting paid) they had to let me go...
After being let go, social welfare was only option(note I've worked since the age of 13 and this was my first time to ever set foot inside the welfare office).
I decided that tiling jobs were never gonna pay my mortgage so decided on career change and am now in college full time doing a degree whilst on back to education, and up until recently had been receiving mortgage supplement (don't know why its stopped)
My question is really what should i do???? Should I hand back the keys???? To be honest I don't even want to be there anymore.... Feels like a lost cause!!!!
I have another 3yrs in college and even when finished if i got a job straight away i would only get roughly 25k a yr.....
Mortgage is with Ulster Bank
Thanks for listening
Im 28, i bought my house on my own for 345k on a 100% mortgage in 2007.
I had my own tiling company at the time so money was (at the time) was no object.... My mortgage being €1887pm.....
I felt the recession very soon after purchasing my property losing €000's to builders not paying/going bust.... This eventually got worse with me missing loads of mortgage payments, when the company was on its knees another company headhunted me and i started for them on a massive salary which in the process i paid all the mortgage debt owed but after working for this company for about 1yr (the company had same problem as i did, getting paid) they had to let me go...
After being let go, social welfare was only option(note I've worked since the age of 13 and this was my first time to ever set foot inside the welfare office).
I decided that tiling jobs were never gonna pay my mortgage so decided on career change and am now in college full time doing a degree whilst on back to education, and up until recently had been receiving mortgage supplement (don't know why its stopped)
My question is really what should i do???? Should I hand back the keys???? To be honest I don't even want to be there anymore.... Feels like a lost cause!!!!
I have another 3yrs in college and even when finished if i got a job straight away i would only get roughly 25k a yr.....
Mortgage is with Ulster Bank
Thanks for listening