NRAM Shortfall/Blackhorse please help!!

[brizo247 1]

Hi All,

 

I'm looking for some advice on how to start putting my life back together after spending the last 6 years looking over my shoulder!

 

To cut a long story short after a relationship breakdown and some other personal issues my flat was repossessed in 2008 and Northern Rock sold it on at auction.

 

The flat cost me originally £38500 on a together mortgage and I also took out an additional £6K loan on top of that to clear some debts as well as a £10K loan from Blackhorse (secured) a few years later.

 

I now have NRAM chasing me for a shortfall of £29500 and Blackhorse £17985 both of which I have paid nothing towards since the repossession.

 

I received a letter from Mackenzie Hall last week offering a settlement figure of £8800 for the NRAM shortfall (which I don't have!) or a £40 PM payment. I also get occasional letters from various DCA's about the Blackhorse sum.

 

I am based in Scotland and I know the law is slightly different up here.

[citizenB 10,145]

How much did they get at auction for the property ?

[citizenB 10,145]

http://www.consumeractiongroup.co.uk/forum/showthread.php?387500-Mortgage-shortfalls-Request-Breakdown-of-balance-owed

 

It might be worth sending the letter above to them in order to establish how they have come to the figure they are claiming.

[brizo247 1]

I have no idea..basically I went a bit off the rails and moved abroad for a couple of years just before the repossession date. They only information I have is letters from some DCA's and NRAM which have been sent to my parents address as they obviously couldn't find me and all my UK bank statements and post went there.

 

I'm now back in the UK and want to get this sorted and move on with my life as its been hanging over my head for years

[citizenB 10,145]

Is this the first contact that has been made in respect of this shortfall ?

[brizo247 1]

No there have been letters going to my parents address for years, as I wasn't living there I buried my head in the sand and ignored them all.

 

I made a concious decision to get my finances sorted at New Year so hence why I came here for advice.

[brizo247 1]

Forgot to mention I had one of the Northern Rock together Mortgages which was made up of a secured and Unsecured element...I'm not sure if that makes any difference.

[rdm2006 455]

are there late payment fees? if so claim them back to reduce the balance.