Jump to content

 

BankFodder BankFodder


  • Tweets

  • Posts

    • having a green blob sadly doesn't mean i'm actually online, where I reside the internet is liable to interruption with no easy nor cheap alternative to get backup, one has to wait....   for the magic to happen and someone has to twists together the break in the +150mls of fibre cable or knocks the dish back in alignment across one microwave link over a body of water and i'm back online   it wasn't a childish emoji, tape up ones mouth and say nothing more... as the moral police will be up soon criticising CAG for condoning debt avoidance by confirming your correct assumption..there is nothing they can do about...   the only paypal debt to be wary of is the paypal credit card which a branded newday card which ofcourse is financed by a UK company under the consumer credit act and is legally enforceable in this country...   what is quite urgent ...and what are you scared about....
    • To follow up with additional information:   personal loans: 15k with Tesco bank  9.5k with Halifax bank   credit cards: 3.5k Barclaycard 4k MBNA 3.5k Halifax  4k Tesco bank    I would be grateful if anyone can advise what to do in my current circumstances.   thanks 
    • As for: 1. “Smallpox is just one thing,“ I don’t know what you mean by “just one thing” (especially when you are trying to put words in my mouth / create a “straw man”) - so it’s hard to answer. If you mean “one vaccine target not mutating over many centuries“ - yes.   “we have a 'cure'” : I never said we have a cure, yet another attempt to put words in my mouth. As for “treatment” rather than “cure” : Work on Cidofovir and its analogue brinCidofovir started, though they never got FDA approval. Tecovirimat: FDA approved.   “and its gone forever (apart from 2 declared labs (and maybe one alleged other lab at most))“   Never said that either. Official stocks are held in 2 labs (hey! You haven’t named the 3rd lab you said held stocks, and now your position has changed to “(and maybe one alleged other lab at most))“ - strange that!   A single case of smallpox anywhere in the world would be a global health  There might be stocks not found / not destroyed (though I’d hope not!) There might be “rogue actors” There might be “rogue nations” exhumed victims are a concern. None if that is in contradiction to what I’ve posted .....   ”Even if it isn't gone forever, we have the cure for the one virus which doesn't change/mutate” more trying to get me to say that which I haven’t said. We have treatments, we have vaccine. There are experts to rapidly identify any case, and (no doubt!) plans to isolate cases and contacts and ring-fence vaccinate. Some people can’t be vaccinated. There isn’t (currently!) enough vaccine to vaccinate the whole world. There are treatments. That is what I’m happy to say, but never have I claimed “there is a cure”   If smallpox re-emerges, if it isn’t contained rapidly I’d expect a massive death toll, followed by a renewed eradication program, then a period of post-eradication surveillance.....
    • Hi All,   I’m after some help regarding my current circumstances. I’ve been going through mental health issues over the past few months. Which has led to me to work part time as this moment of time.   I have a debt of around 25k in personal loans and 15k in credit cards. I’m in a position whereby I can not afford to pay anything towards these debts. What is the best solution towards this as I have to pay £550 towards the personal loans and around £300 for the credit card debts.    I would be grateful for your advice as this moment of time I am contemplating serious thoughts and I could do with some one that can help me find a way through this mess I am in.   kind regards,    
    • I found a life insurance policy, so there’s money, I’d rather try and get a settlement figure and pay them out the policy than have them put a charge on the house. I just begrudge using the money to pay that shit instead of the mortgage. 
  • Our picks

Sellessal

Repossession at end of mortgage term.

style="text-align:center;"> Please note that this topic has not had any new posts for the last 2636 days.

If you are trying to post a different story then you should start your own new thread. Posting on this thread is likely to mean that you won't get the help and advice that you need.

If you are trying to post information which is relevant to the story in this thread then please flag it up to the site team and they will allow you to post.

Thank you

Recommended Posts

My husband and I currently have an interest-only mortgage with Future Mortgages which ends in September 2013. Both of us had good jobs but 2007 I had a bad fall at work and eventually lost my job as I was unable to sit at a computer all day. I am still on Incapacity Benefit and Industrial Accident benefit. In 2008 my husband was made redundant as was told by the Jobcentre that he was wasting his time looking for employment. As my husband had a small private pension he took this early to try to continue paying our bills. As a result of this we were told we did not qualify for any benefits as we had £10 a month too much coming in.

Our endowment insurance turned out not to be worth the paper it was written on and due to our lack of finances we were unable to pay it. Our mortgage is now due to be settled with an outstanding amount of £250,000. We believed that we would be able to sell the house and repay the debt with no problem as it was valued at £300,000 two years ago. It is now worth less than the mortgage. We have considered handing the keys back to the mortgage company but do not know what the consequences would be, We could try to sell the house at below its value and still owe the outstanding balance. As we will both be on state pension next year I don't know how we will ever be able to repay this. Any advice would be most welcome.

Share this post


Link to post
Share on other sites

Very sad to lose your home at this late hour, what type of property is it? I have a number of ideas for you, will try and offer some help. Do not hand the keys back.

Share this post


Link to post
Share on other sites

Its a four bedroomed detached house. Once our family home but now only the two of us. Any suggestions would be appreciated.

Share this post


Link to post
Share on other sites

you should rent it out, in my area it would gain £1400pm - cheapest place to live is on a mobile caravan site, nice holiday for a year or 2, savings could then have you abroad for the winter, when i'm in my twilight i'm going to think like the birds :)

Share this post


Link to post
Share on other sites

Thanks Tuttle for the advice but I was really looking for something a bit more constructive, lik the legal implications and what would happen after repossession.

Share this post


Link to post
Share on other sites
Thanks Tuttle for the advice but I was really looking for something a bit more constructive, lik the legal implications and what would happen after repossession.

It does take some time before a repossession happens, I would seriously look at your income and what you would gain for selling everything, will your children help and contribute towards the mortgage? afterwards they would just pursue the debt, but you could go bankrupt and pay a % in the pound, after 2yrs it would be discharged. So you have a few options, moving to a smaller place might make life easier. Hope this helps.

Share this post


Link to post
Share on other sites

Have you tried claiming back for a missold endowment policy ?


PLEASE NOTE - I am not a legal expert, what is stated is my own opinion and from what I have learnt from this forum and my own experiences.

 

DEBT COLLECTION LETTER/SAR/AGREEMENT TEMPLATES ARE HERE - http://www.consumeractiongroup.co.uk/forum/content.php?65-legislation

 

IF WE HAVE BEEN HELPFUL -PLEASE, PLEASE, PLEASE GIVE A DONATION TO HELP US TO CONTINUE HELPING YOU

 

I AM HAPPY TO RECEIVE PM's AND I WILL RESPOND IF I FEEL I CAN ASSIST BUT WHEN YOU DO CAN YOU PLEASE PROVIDE A LINK TO YOUR THREAD ON WHICH YOU WOULD LIKE ME TO COMMENT - THANK YOU

 

IMPORTANT - If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.

Before you decide,consider the users here who have already offered help and support.

Private message facilities are offered for users to communicate issues that are/or could be seen to be inappropriate for posting on the main forum.Site rules explain this in more detail.

If you are approached by private message with a view to asking you to visit another website,please inform the site team via the report icon.

 

Forum rules - http://www.consumeractiongroup.co.uk/forum/forum-rules-please-read/9-forum-rules-please-read.html

Share this post


Link to post
Share on other sites

Have you tried speaking to the local authority about the possibility of using the mortgage rescue scheme? There are certain criteria to be met, but you may qualify.

 

Handing back the keys is not something you should consider lightly. You will remain responsible for the property and its upkeep, insurance and council tax, until it is sold - so effectively, your outgoings won't change much in relation to the house (the monthly payments will continue to accrue as arrears and will need to be repaid eventually from the sale of the house, or in a shortfall if the house sells for less than the mortgagee is owed). An owner occupied house will sell for more than a repossessed property that is empty, so if you can sell it whilst you are still in it, even if you have to take a cut in price, then that is likely to be a preferable option.

 

If you did choose to undersell the house and you are left with a shortfall, you could negotiate with the mortgagee to accept what the house sells for as a full and final settlement of the debt. The alternative is to make an arrangement to repay any shortfall on a weekly/monthly basis - it may be the case that once you're on pensions they will not think it is worth chasing you for any shortfall.

 

You need face to face advice on the best options for you, so I would suggest you contact your local CAB office and/or the local authority department that deals with the mortgage rescue scheme. They can advise you on what to do next.

Share this post


Link to post
Share on other sites

I think the mortage rescue scheme money got used up in 10secs flat, everyone jumped on it, and i bet some fraudsters too.

Share this post


Link to post
Share on other sites
I think the mortage rescue scheme money got used up in 10secs flat, everyone jumped on it, and i bet some fraudsters too.

 

Then you'd 'bet' incorrectly. The scheme is woefully underspent and if someone qualifies then it is a fabulous scheme that allows people to stay in their homes.

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...