Comments on: I Can’t Afford My Mortgage Payments, What Can I Do? http://www.propertyinvestmentproject.co.uk/blog/i-cant-afford-my-mortgage-payments/ DOCUMENTING ONE MAN'S JOURNEY TO BECOMING A PROPERTY MILLIONAIRE Wed, 08 Feb 2012 21:13:32 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: marc dorrington http://www.propertyinvestmentproject.co.uk/blog/i-cant-afford-my-mortgage-payments/comment-page-1/#comment-113489 marc dorrington Sun, 31 Oct 2010 10:34:28 +0000 http://www.propertyinvestmentproject.co.uk/blog/2007/10/30/i-cant-afford-my-mortgage-payments/#comment-113489 i own a house which i rent out in london but have moved to australia to be closer to my daughter. my tenants lease has run out and am now having to pay mortgage for an empty house. i have tried selling and renting house but market very slow and cannot afford to keep paying mortgage. id loose money on house even if it did sell. am not intending to come back to the uk for many years but at the same time do want to go back and dont want to be seen as running away from my problem. any suggestions? many thanks. i own a house which i rent out in london but have moved to australia to be closer to my daughter. my tenants lease has run out and am now having to pay mortgage for an empty house. i have tried selling and renting house but market very slow and cannot afford to keep paying mortgage.

id loose money on house even if it did sell. am not intending to come back to the uk for many years but at the same time do want to go back and dont want to be seen as running away from my problem.

any suggestions?
many thanks.

]]> By: jools http://www.propertyinvestmentproject.co.uk/blog/i-cant-afford-my-mortgage-payments/comment-page-1/#comment-79036 jools Mon, 11 Jan 2010 07:44:28 +0000 http://www.propertyinvestmentproject.co.uk/blog/2007/10/30/i-cant-afford-my-mortgage-payments/#comment-79036 If you are renting his house then it will be seen as income but dont forget that you can take off mortgage interest and other working expenses. Would suggest you speak to an accountant or tax advisor. Jools If you are renting his house then it will be seen as income but dont forget that you can take off mortgage interest and other working expenses. Would suggest you speak to an accountant or tax advisor.

Jools

]]> By: k campbell http://www.propertyinvestmentproject.co.uk/blog/i-cant-afford-my-mortgage-payments/comment-page-1/#comment-78995 k campbell Sun, 10 Jan 2010 22:34:13 +0000 http://www.propertyinvestmentproject.co.uk/blog/2007/10/30/i-cant-afford-my-mortgage-payments/#comment-78995 My son lost his job due to drug abuse; currently is in drug rehab. He is not coming back to this area; I found someone to move into his house just for the mortgage payments. We have tried assumption; but the mortgage company will not work with us. The payments, taxes, insurance are current. Are the mortgage payments being paid by someone else be considered income for my son? My son lost his job due to drug abuse; currently is in drug rehab. He is not coming back to this area; I found someone to move into his house just for the mortgage payments. We have tried assumption; but the mortgage company will not work with us. The payments, taxes, insurance are current. Are the mortgage payments being paid by someone else be considered income for my son?

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