I was made redundant and can’t afford our £2,981 monthly mortgage, what can I do? DAVID HOLLINGWORTH replies

I’ve just been made redundant from my job. I have been paid three months’ salary, but having spoken to recruiters it seems it might be tough to find a job at my seniority level in that time. 

My wife and I have two young children and a big mortgage with a high interest rate of 4.78 per cent. My wife works part-time so most of the mortgage has been paid from my salary until now. 

We do have some rainy day savings, but don’t want to burn through these too quickly if it might take me a while to get a new job.

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