Very angry...here goes:
Contacted mortgage lender to ask if we could have a 3 month moratorium so I can take 16 weeks extra unpaid maternity leave. Currently on maternity leave.
Husband is self employed.
No issues with debt - no credit cards. The only money we owe is a car loan - very manageable. Never missed a payment.
Mortgage - 27 years to go - never missed a payment.
A bit of savings - currently enough for two months mortgage. This is purely emergency money.
Bank have refused the moratorium / payment holiday.
Really don't understand why! Is it because we have savings?
Angry and want to just stop paying mortgage for a number of months until I return to work. What are implications of doing this?
Contacted mortgage lender to ask if we could have a 3 month moratorium so I can take 16 weeks extra unpaid maternity leave. Currently on maternity leave.
Husband is self employed.
No issues with debt - no credit cards. The only money we owe is a car loan - very manageable. Never missed a payment.
Mortgage - 27 years to go - never missed a payment.
A bit of savings - currently enough for two months mortgage. This is purely emergency money.
Bank have refused the moratorium / payment holiday.
Really don't understand why! Is it because we have savings?
Angry and want to just stop paying mortgage for a number of months until I return to work. What are implications of doing this?