Hi. I have an interest only mortgage (due to a nasty divorce and not being able to make the repayments). Along with that divorce charging orders were placed on the property! The date for repayment of my mortgage is January 2026. i have no means to pay the amount owing and worried i will now be thrown out my home then. I am 58 with a daughter of 21 at home. Can anyone offer me any advice ?
Mortgage - interest only
Collapse
Loading...
X
-
What have the Mortgage Company said do they know of the Situation? If it was me I’d try and sell the house if you can (you will get more money for it from a private sale) think the people who have the charge on the house would have to give their permission for the sale, not sure on this but can’t see why their’d mind as they get there money, they can stop the sale so I’d contact them first or write a letter explaining what you’d like to do. Don’t wait till 2025-26, Sell the house ASAP......hopefully you’ll have equity left, then just rent a place but sooner you act the better. Hope this helps Percypig
View our Terms and Conditions
LegalBeagles Group uses cookies to enhance your browsing experience and to create a secure and effective website. By using this website, you are consenting to such use.To find out more and learn how to manage cookies please read our Cookie and Privacy Policy.
If you would like to opt in, or out, of receiving news and marketing from LegalBeagles Group Ltd you can amend your settings at any time here.
If you would like to cancel your registration please Contact Us. We will delete your user details on request, however, any previously posted user content will remain on the site with your username removed and 'Guest' inserted.
Announcement
Collapse
No announcement yet.
Court Claim ?
Guides and LettersSHORTCUTS
Pre-Action Letters
First Steps
Check dates
Income/Expenditure
Acknowledge Claim
CCA Request
CPR 31.14 Request
Subject Access Request Letter
Example Defence
Set Aside Application
Witness Statements
Directions Questionnaire
Statute Barred Letter
Voluntary Termination: Letter Templates
A guide to voluntary termination: Your rights
Loading...
Loading...
Comment