many thanks for your response, but i would like to clarify whether you are saying to sell and buy a smaller property or sell and rent another property ?

I have total debts of £218k which is made of secured loans being £98,700 (mortgage), £61,000 (2nd charge),an unsecured personal loan of £23,00, credit cards of £27,000 and a family debt to my parents of £8000. £80,000 of this debt I have inherited as my wifes business crashed last August. I have sou...