I'm hoping that someone will be able to help me as I'm feeling absolutely desperate.
Our interest-only mortgage with GE Money was due to expire in May 2014.
However, in September 2013, my husband was involved in a road traffic accident and sustained brain injury.
Since then he has been unable to return to full-time employment.
I wrote to GE Money before the expiry date, explaining our situation and requesting that they extend the mortgage term for another year
until our situation improved and we were able to approach another company to re-mortgage.
Despite providing them with medical evidence, they rejected this offer.
In early October 2014, they sent a letter informing me that they would take legal action to recover the £190,000 outstanding (our property is worth around £270,000).
I phoned them, once again reiterating that we had kept the mortgage payments up-to-date and that once I had a full-time job,
I would seek a remortgage with another company.
They said they would consider this, but make no promises.
On Saturday this week, however, we received a letter from their solicitors (Eversheds) informing us that they have been asked to represent GE Money
and that we will shortly be notified of a court date.
My husband has suffered with anxiety and memory problems since the accident and this situation is making matters ten times worse.
Any advice would be most welcome.