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NRAM Posession Claim - 30th January 2014


Candycravings
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HI,

 

Looking for some advice/guidance.....

 

Have fallen into arrears with NRAM mortgage. We are approximately £3600 in arrears (which was £5600 until I paid £2000 today). The arrears now equates to 3 months.

 

We fell into arrears last year about June, then made a payment of £2000 off the arrears and made an arrangement with NRAM to clear arrears and to be fair they were quite helpful.

 

I fell back into arrears as I have lots going on and think I may be losing the plot. My wife had an accident in work in 2008, she spent a period of time recuperating, but couldn't go back to her job as she wasn't well enough. She then descended into severe depression from early 2010. She was prescribed treatment but her depression got a lot worse (2011/2012) and ended up being admitted to hospital for 2 months when some terrible things happened. This was a terrible time.

 

IN all this time I held down my pressured job, we lost my wifes decent salary on which our mortgage was based, I kept the house and the bills going, but made arrangements with unsecured debtors.

 

I am struggling to keep on top of things, stuff seems to drift and to have one more complication really takes its toll on me. Not looking for sympathy here just telling it as it is.

 

The last NRAM arrangement (November) I just let drift even though I had the money in the bank all because I asked them to set up a direct debit so I didn't have to think about, but they refused and not sure why.

 

Have today received a letter for a possession claim with a hearing date of 30th January. I phoned NRAM and resurrected the payment plan to clear arrears and this time they were willing to set up the direct debit....grrrr

 

I cannot bear to think about adding anymore complications into my life right now, my wife needs me to be there for her and so does my job and I don't want her to worry about anything. I do need to make sure there is no further instability in her life as she could easily go back to the awful place she has been.

 

Sorry don't mean to moan. Anyway any help would be appreciated.

 

Kind regards.

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Sorry should mention that we have about 17 years left on the mortgage. We are paying £5 off the unsecured element with the remainder of the income following the completion of income and expenditure exercise today. We are paying £260 off the arrears each month which is pretty much everything.

 

The income and expenditure also included my wifes DLA payment which I am sure should not have been in there.

Edited by Candycravings
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Hello there. I'm sorry that this has got so difficult for you.

 

I expect the forum guys and gals will be along over the course of the day, I'm sure they will be able to suggest a way to deal with this. :)

 

I'll keep an eye on this thread and send a couple of SOSs if you don't have replies later on.

 

HB

Illegitimi non carborundum

 

 

 

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Thanks HB. I do need to get to grips with myself. I am a grown man. I just need some respite, it's never ending.

 

The guys on this forum are brilliant and should receive funding. The advice and support is always fab. I did donate a small amount of money a couple of years ago just wish it could have been more.

 

There is no telling the amount of lives this forum may have saved.

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Hi Candycravings,

 

You'll get help from the experts later in the day.

 

In the meantime have a read of Ell-enn's guide:

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?325527-CAG-guide-Are-you-facing-eviction-or-repossession

 

Always make the mortgage your priority. If you need to cut your payments for any unsecured debts you must do this. Credit card companies always try to pressurise you into paying more than you can afford, but really they have to take what you can realistically pay, and they are well aware of that. Keeping your home is much more important.

 

DD

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Hello there,

 

Do read Ell-enn's guide, it's very good.

 

A court is only likely to grant outright possession to a lender where you are unable to pay the mortgage plus a tiny bit extra towards the arrears each month. There is caselaw (Cheltenham & Gloucester v Norgan) which reinforces the rule that your arrears *could* be cleared over the duration of the remaining mortgage term. You may well be able to offer less than £250 each month if you're struggling to find that amount of money each month. If you're able to clear the arrears over a faster period then that should go in your favour - its important, though, that you do not offer more than you can genuninely pay. Take a copy of your financial statement along with you to the hearing.

 

You *DO NOT* have to include the DLA in your budget (unless you really want to).

 

Our guide on mortgage arrears can be found here: http://www.nationaldebtline.co.uk/england_wales/guide.php?page=guide-mortgage-arrears

 

If you can pay a little towards the arrears the court are likely to grant a 'suspended possession order' - this means that both parties are bound by the order, as such NRAM should not take any further action unless you breach the payment arrangement.

 

As DD mentions above, if you have to reduce your non-priority credit payments to free up money to put towards the mortgage you should take that approach.

 

ANy further questions please feel free to ask.

 

Best wishes,

 

David @ NDL.

For Free, Confidential and Independent advice: 0808 808 4000

Monday - Friday 9am to 9pm // Saturday 9.30am to 1pm // 24-hour voicemail. Please leave a message to request an information pack. http://www.nationaldebtline.org // http://www.mymoneysteps.org

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