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Hi Again, I'm still struggling with Accord mortgages over a shortfall from them selling the property for half of what was paid 9 years ago. My ex did a deal recently so I'm left with my half of the debt. I've made a small settlement offer 8% of debt over a month ago. Accord keep pushing me to deal with them over the phone, which I have no wish to do. They also keep pestering me to fill in an expenditure form. I've explained I'm about to be out of work so I don't see how filling in the form is a fair representation of my financial position given I have one more pay day before
I wonder if anyone has a view on this please? I took out a sub-prime mortgage with Accord a few years back as I was paid commission and had a poor credit record. After I came off the fixed rate it was supposed to revert to the standard variable rate, which it did, and I found it increasingly difficult to meet the repayments and got into arrears. With brilliant help from this site I have managed to get back on track but only by switching to interest only as I pay a massive 7.75% interest. This has always seemed hideously high - it has gone up at least twice since base r
Hi Folk Just received a letter from Accord (my main mortgage account) saying that "Unfortunately, the level of arrears on your account is such that we will shortly be instructing our legal advisers to begin legal proceedings against you for possession of your property" they then go on to say that "its still not too late to avoid this happening. If you can clear your arrears in full straight away or agree an arrangement, we'll be happy to avoid this step" However there is a paragraph that goes on to say "Before you contact us, you should know that we will not be able to agree to an arrange