Hi, Thank you for your reply. I am not behind on my mortgage payments at the moment. I have been keeping my payments up to date with the help from my Daughter. I can not expect her to help me out indefinitely as she has a family of her own. Can I give up this house as the mortgage is interest only and there is no equity in the property? Property value £100.000. Mortgage £101.000. Could I sell my property and then rent another property in the same area and then claim housing benefit? Thank you for your help so far.

I hope I am posting in the right place. I wonder if someone could give me some advise please. I am on pension credits and the DWP pay part of my mortgage. It is getting to the stage where I have not got the finances to pay the rest of the mortgage. My mortgage is interest only with Kensington My Daughter said she would try and get a mortgage to buy the house from me and rent it back to me and my wife. When I checked the housing benefits it stated that I could apply for assistance with the rent. In another statement it said I could not get assistance if I was paying rent to a close relative (does this only apply if I am staying in the same house as the relative). Is there any other way I could deal with this situation. Any help would be gratefully received. Thank you.

I wonder if someone could give me some advise please. I am on pension credits and the DWP pay part of my mortgage. It is getting to the stage where I have not got the finances to pay the rest of the mortgage. My mortgage is interest only with Kensington My Daughter said she would try and get a mortgage to buy the house from me and rent it back to me and my wife. When I checked the housing benefits it stated that I could apply for assistance with the rent. In another statement it said I could not get assistance if I was paying rent to a close relative (does this only apply if I am staying in the same house as the relative). Is there any other way I could deal with this situation. Any help would be gratefully received. Thank you.

Hi postggj, I called the finance company this morning. They said my balance was £5736.00. My settlement figure is £5181.82. Does this mean I have to pay them £5181.82 before I can walk away from this? Is there any other way out of this? As the car is only worth £2000.00 I am left short of £3181.00. They said they would send me the settlement figure out in the post.

Does this mean that I would still have to pay the £3200 out of my own pocket + the money the garage pay them.

Hi, The loan was over 60 month. I asked them for a settlement figure and they came back with £5600. I have had the car for 3 years.They also said they would send me a form to fill out and they would sell the car at auction and the short fall would have to be paid by me. The car is only valued at £2000 to £2200. If they get £2200 for it I would still have to pay them £3400. Is there any way out of this nightmare.

I would like to return the car but I have phoned the finance company twice and they categorically told me in no uncertain manner that I could not do it as they say it is a personal loan I have with them.

Hi, Thank you for your reply. The document states, Document type: MOTORLOAN. Fixed-sum Loan Agreement Regulated by the Consumer Credit Act 1974.

Hi, I wonder if someone could help me with my problem. I phoned the finance company today to ask their procedure for returning my car. They told me that Arnold Clark had taken out a personal loan on the car for me. The finance company said therefore I could not VT the car. When I was buying the car Arnold Clark told me it was a car loan that I had. What should I do now. I still have £5500.00 to pay on the car which I have been paying for 3 years and it is only valued at £2100.00. Any help would be great-full.

Hi, I wonder if someone could help me with my problem. I phoned the finance company today to ask their procedure for returning my car. They told me that Arnold Clark had taken out a personal loan on the car for me. The finance company said therefore I could not VT the car. When I was buying the car Arnold Clark told me it was a car loan that I had. What should I do now. I still have £5500.00 to pay on the car which I have been paying for 3 years and it is only valued at £2100.00. Any help would be great-full.