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House re possession.


david25
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I have a bed and breakfast which is on 100% mortgage, part of this is repayment the rest is bridging loan, secured against a second property. The bank are not going to renew the briging loan in Oct and will start recovery proceeding.

This was inevitable i have been unable to sell either property, i lost my wife to cancer not long after buying the b&b i just want out now. My plan is to go back to the other house which is back in another part of the country and from their find somewhere to rent.

Does anyone know how long roughly i will have before they take the second house away, they have second charge, the main morgage is with C&G this is up to date. I am trying to buy myself some time.

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