Search the Community
Showing results for tags 'shortfalls'.
Found 3 results
I wonder if anyone has any ideas regards the following. I have a friend who was repossessed quite a few years ago. There remains a shortfall on two mortgages which are being repaid at £5.00 a month. One will take 380 years, the other 425 years . Approaching 70 years of age and the repayments taken from an already stretched pension, is it not unrealistic of the lenders to continue to insist these token payments are made ? He has already used pretty much everything within the CAG library to persuade the lenders to understand there is no hope of them ever being repaid but it is falling on deaf ears. The only good thing currently is that they have ceased the relentless telephone calls and letters. Is there anything that can be done that hasn't already been tried, to remove this burden. I thank you
[ATTACH=CONFIG]59556[/ATTACH] April 2014 This guide is for you if you’re relying on an endowment policy to repay your mortgage and you’ve received a shortfall letter.