Hi all,
not sure if this is the right place.
Posting for a friend so not sure of all details:
Ages: 26,29
Jobs: unemployed + barman
Mortgage: 500k 100%, now on interest only 1800 approx /month
dependants- 1 aged 18mths.
Other debt- car loan on jeep type car worth about 15k
Presumably CC's etc and usual HH bills
She is currently claiming dole but has been told to do BTW scheme which will result in lesser payment/week. They have been struggling for some time.
I have made a few suggestions:
rent room
sell house (can't negative equity)
rent house and apply to CC as tenants for time being (don't want to do this)
mortgage allowance- i didn't realise only available to CC tenants
MABS is their only other route that I can see. No point selling car as what it would get now wouldn't cover loan.
She has been looking for job but needs a salary that will cover bills and childcare, which is hard to find in her profession considering current situation (Auctioneer)
Any suggestions???
Thanks in advance!
not sure if this is the right place.
Posting for a friend so not sure of all details:
Ages: 26,29
Jobs: unemployed + barman
Mortgage: 500k 100%, now on interest only 1800 approx /month
dependants- 1 aged 18mths.
Other debt- car loan on jeep type car worth about 15k
Presumably CC's etc and usual HH bills
She is currently claiming dole but has been told to do BTW scheme which will result in lesser payment/week. They have been struggling for some time.
I have made a few suggestions:
rent room
sell house (can't negative equity)
rent house and apply to CC as tenants for time being (don't want to do this)
mortgage allowance- i didn't realise only available to CC tenants
MABS is their only other route that I can see. No point selling car as what it would get now wouldn't cover loan.
She has been looking for job but needs a salary that will cover bills and childcare, which is hard to find in her profession considering current situation (Auctioneer)
Any suggestions???
Thanks in advance!