In 2010, a warrant for repossession was suspended on my property under the condition that I pay of the arrears which I did earlier than expected.
last year I was having a problem with my business and fell behind with payment.
I informed my lender and we agree to that I should continue with paying the mortgage with a little extra on top.
All of a sudden my lender changed their mind and were asking for a huge sum that I can't afford
when I refused they have applied to the court to re-enforce the old warrant which is over 6 years old.
I am in arrears of £5000 and the property is worth £400k
I have 17 years left on an interest only mortgage.
can anyone please advice.