Abbey SPO - want to set it aside

[WendyB]

Or if they won't pay it back, could it be offset against the remaining capital on your mortgage, which would then bring the interest on the mortgage down as well, which could then in turn make your payments lower, and ease your financial situation? As Bona siad, its an odd way round penalty charges, but worth a try?

[WendyB]

Definitley pay off the arrears, if and when you get to court the Judge would look on this favourably. This is what happened to us about ten years ago, because we had been making an effort to payy off arrears on a weekly basis and never missed a payment, he ordered that we should carry on, and gave us 3 years to payy. paid it off in 18 months and that was that.

[WendyB]

Have you written to solicitors/abbey/court as suggested by Jansus above? Its been almost two weeks since your last post - what's been happening/been done in the meantime? Have you paid the arrears off? Have you had any contact from Abbey or their solicitors.

 

Just because you've never been asked for £55k before doesn't mean you won't be this time. In fact you already have been, in the judgement above. Unfortunately, I think you should prepare for the worst. If you haven't already done so, then you should contact the solicitors and if they agree to just the arrears, then get it in writing that this is agreed and ask them to tell the courts they are not seeking eviction/withdraw from the case/whatever is is they do in this situation. I'm not an expert on this though, so please get further advice as well. However, I do firmly believe that if nothing is done by 5th June then they can and will send the bailiffs round, with an eviction notice/possession order/warrant, who give you xx amount of time (in my relatives case I think it was an hour) to vacate the property, then change the locks and that's that.

Edited June 3, 2008 by WendyB