Scott Gibbs Posted October 15, 2013 Report Share Posted October 15, 2013 Hi guys bit of a long shot here but it's worth a try. I got made redundant 2 weeks ago and obviously I have my redundancy pay but it's not going to last me long, in the mean time I've signed on for job seekers but my main concern is how I'm going to pay my mortgage if I can't find work ASAP. Is there any sort of financial services I can contact? If anybody has got any advice or has been through anything similar I would like to hear what you did? Thanks in advice guys. Quote Link to comment Share on other sites More sharing options...
monkeyseemonkeydo Posted October 15, 2013 Report Share Posted October 15, 2013 Have you made any overpayments on the mortgage up until now? Any option to take a 'payment holiday'? If it were me I'd arrange to see my mortgage provider and explain the situation. It's not in their interests to let you default so will hopefully be helpful. Quote Link to comment Share on other sites More sharing options...
Scott Gibbs Posted October 15, 2013 Author Report Share Posted October 15, 2013 Yeah we've made over payments before, I will ring them first thing in the morning to see what they can do. Hopefully they can sort something out. Never thought to ring them! Cheers Dave. Quote Link to comment Share on other sites More sharing options...
monkeyseemonkeydo Posted October 15, 2013 Report Share Posted October 15, 2013 The way ours works is that if you've made overpayments you can then underpay to us up that 'credit' and also take payment breaks (not sure if those are linked to overpayments or whether you just pay a little more when you start paying again) but definitely worth investigating what they can do to help. Good luck with finding work too. What is it you do/have done? Quote Link to comment Share on other sites More sharing options...
Scott Gibbs Posted October 15, 2013 Author Report Share Posted October 15, 2013 I've worked in an armour factory for the last 9 years, I'm a qualified MIG welder by trade. I guess now is as good a time as any to start using it! I've put out 15-20 CVs now see if anything gets a bite. Quote Link to comment Share on other sites More sharing options...
monkeyseemonkeydo Posted October 15, 2013 Report Share Posted October 15, 2013 Ah fair enough. Don't think I can help with anything at Soton Uni but off the top of my head have you looked into Roke Manor Research/Chemring Countermeasures? Assuming that's not where you've been for the past 9 years! Quote Link to comment Share on other sites More sharing options...
Simpson Posted October 16, 2013 Report Share Posted October 16, 2013 I'm getting made redundant atm as well but fortunately don't have a mortgage to consider. One of the most important things you should be doing is making sure your CV and base cover letter is as good as it can be get loads of people to look over it and apply for as many jobs as you can in a short period of time. Forget 15-20 applications over the last 6-8 weeks considering you would have had redundancy consultation which lasts a month and have now been unemployed for 2 weeks. 97% of the time you wont even hear back from a job application. In today's market you have to be very pro-active Quote Link to comment Share on other sites More sharing options...
Scott Gibbs Posted October 21, 2013 Author Report Share Posted October 21, 2013 Success I've got 2 interviews lined up!!! Didn't expect a reply so quick, first step accomplished!! Quote Link to comment Share on other sites More sharing options...
manuel Posted October 21, 2013 Report Share Posted October 21, 2013 Good work. As Dave says, if you contact your provider it's on them to help you find a way to keep afloat. Through dropping to interest only or payment holidays or whatever - they have to do everything they can to make it work for you. Quote Link to comment Share on other sites More sharing options...
Scott Gibbs Posted October 21, 2013 Author Report Share Posted October 21, 2013 I gave them a ring they've said we can take a payment holiday for up to 4 months so that will give me some breathing room once the redundancy money dries up... Quote Link to comment Share on other sites More sharing options...
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