For reasons I won't go into, my husband has lost his job. He had a salary of £50k and I earn similar. He does have a side business which brings in a few hundred a month but this obviously doesn't replace his previous salary.
We were due to remortgage next week and I'm unsure what to do... do I cancel the appointment and just allow our product to automatically go to standard variable rate, then update the provider when he has a new job? As we definitely wouldn't be approved for our mortgage on my salary alone.
My other query is childcare funding. My 3 year old has just started preschool full time. Will I lose his 30 hours? And my 10 month old, will she lose her 15 hours?
We have absolutely no savings... as I have just returned to work from maternity leave and spent every penny of my £7,000 savings on our mortgage/bills/living whilst I was on leave (teacher maternity pay is shocking).
Does anyone have any advice? I'm obviously devastated and feel like our whole world is about to come crashing down. ☹️
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