Not used the site for a while a few changes, however hoping someone may have some advice on maybe a more appropriate site or an issue which is unusual for me as most of the tenants i support are on benefits. A lady who came to me for advice on whether she should give her fulltime job up earning 16,500 pay increase on the cards for 18,000-20,000, they are also sponsoring her to study for Diploma. However, her marriage has broken down and presently undecided about what to do for the best. Theres a mortgage which costs about 730 a month and monthly payments all in all of £1500. She has 2 children not the children of ex. Apparently if she stays in the home she will be responsible for the mortgage, which she will struggly to keep. Alternatively go into rented which probably won't be much cheaper. If she went on income support then she may well have an element of the mortgage paid for, I know that this is not the route she wishes to take. It seems such a shame that she feels so trapped in her situation. There is about £20,000 - £30,000 value to the house. The mortgage is a fixed mortgage, don't no whether if she changed it to interest only will make much of a difference. Is a lodger a possibility?
Plus there was an over payment on child tax credit which means no payments for another 2 years, obviously this will be reviewed when situation is made official. I don't know if there is anyone out there who has any advice or knows of another site which may be of more use.
Many Thanks
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