PPRuNe Forums - View Single Post - lose the house to fly, should I?
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Old 30th Nov 2005, 11:31
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EGBKFLYER
Gizajob
 
Join Date: Jun 2003
Location: uk
Age: 49
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When you say you could walk away from selling your house with £50k, is that because your mortgage is £50k less than the house is worth?

If so, have you considered extending your mortgage instead of selling? Downside is mortgage payments would go up but the upside is you could borrow in chunks of cash as you need it and keep your property...
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