From the OP it sounds like due to the business being up and down they may not be able to service a loan/re-mortgage in their own right which is a whole other kettle of fish.
+ Reply to Thread
Results 41 to 46 of 46
29-07-2015 05:50 #41-
- Join Date
- Apr 2012
29-07-2015 15:14 #42
Yep, now MIL is unwilling to remove because she thinks at our current situation we won't be able to afford.
We can't remortgage or touch the house at all unless she removes the caveat. It's not just about the 100k she's out in, she's scared we might lose the roof over our heads. In her mind she's protecting us.
And I can understand where she's coming from. But both DH and I need the cash injection in order to get out of our situation and without it we are seriously stuck.
And yes back then caveat was put in just in case we seperate, because DH bought the house before we meet and I have contributed little to it financially. And I am not fussed over any of this.
At the moment I am trying to persuade myself to move in with MIL which I really don't want to. I think if we rent out the house and save the rent it could be an option to save some money but I am not sure if it's worth all the trouble we could get ourselves into. At the moment I am on good terms with MIL but I can imagine the arguments I would have with DH about MIL if we lived together.
29-07-2015 16:53 #43Senior Member
- Join Date
- May 2012
What a tricky situation are you are in. Be mindful of renting out the house, as it is income, therefore taxable, so you would need to pay tax on it. As there is no mortgage on the house (therefore no interest to claim etc), the tax may be quite high. So just something to think about with renting the house option - gahhh ! Sounds like you are very much stuck where you are.
The Following User Says Thank You to 4LeafClover For This Useful Post:
Wise Enough (29-07-2015)
29-07-2015 17:45 #44Senior Member
- Join Date
- Apr 2014
I thought a caveat was there to protect the interested party in case you do sell, as the caveat holder would receive their funds after the bank, but before anyone else. And it is not just up to her, she is not the only interested party with regards to the property, she really needs to let you and DH make your own choices and decisions. She may think she is protecting you, but that's not up to her to do.
The Following User Says Thank You to ChelleBH For This Useful Post:
29-07-2015 18:10 #45
I would be paying her back before I bought a new house or did anything else (holidays etc). That would be my first priority.
30-07-2015 17:08 #46
We pay her weekly instalments for the deposit.
By unicornsandrainbows in forum Pregnancy Loss SupportReplies: 2Last Post: 18-05-2015, 12:37
By Snooze in forum Pregnancy Loss SupportReplies: 8Last Post: 11-05-2015, 14:12
By Mellie29 in forum General ChatReplies: 8Last Post: 06-09-2014, 08:46
Transition into Parenthood / Calmbirth SydneyJulie's Transition into Parenthood and Calmbirth courses for pregnant couples will get you ready, prepared and ...
LATESTGames to play with your baby – newborn to 12 monthsHow much food for babies and toddlers? Standard serves and portion sizesHow to mindfully manage a tantrum
POPULARWhen can I start giving chores to my children?New baby nursery checklist – a guide to newborn essentialsWhat to pack for labour and hospital – a checklist
FORUMS - chatting now ...
Booster seat for 7+Safety Issues
Tea drinkers unite!General Chat
Finding My Cooking MojoGeneral Chat
Has anyone had success on First or Second Cycle of Donor IUI?Non-IVF fertility assistance
Being a foster carerFoster carers, kinship carers & grandparent carers
IVF Babies due Sep/Oct/Nov 2017 #2pregnancy and babies through IVF
What do you use to listen to music?Product Recommendations & Questions
First world problems.General Chat
Egg Donation in Greece #5Egg Donation