Any idea's how we will be able to pay our mortgage for the summer months when my husband will not receive any bursary payments?
He is actively looking for work for these months but without success as of yet.
We have children and im concerned because we rely on his bursary to pay the mortgage at the moment while he is studying. We are in Scotland. Any help would be gratefully received.How do we pay our mortgage on the bursary-free months?
communicate with your lender. If you cant pay your mortgage but have a lump payment coming and can prove that, they may be willing to work with you without any harm to your credit.
Just make sure to have your ducks in a row before you call- and anticipate that they may ask for bank statements and proof of a forthcoming bursary payment.How do we pay our mortgage on the bursary-free months?
bursaries usually get paid twice a year and you have to spread the money through the year.
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