Hi all, please don't confuse this thread with my other one concerning welcome and HPH2!
Long story short, I had a business which failed, I owed a small amount of rent but that was it, the landlord ripped me off and forced me to allow him to put a charge on my home. It was for £15k. The charge was added in 2007 and I made a monthly payment on and off until 2009. I haven't paid anything or had contact since. I have today received s letter threatening to force me to sell the house.
The mortgage is £129,000 and house is worth £135,000. There is/was a charge by welcome which has now been removed( see my other thread!)
The landlord wants £22k from me inc interest.
So my question is- can he force me to sell? There is very little equity so he won't get anything, I rent this house out as can't sell due to these charges. I have my marital home with wife and kids can they try and take this???
My other thought is is this charge binding? Is there a limitation period for charges as I have had no contact in 7 years, are they trying their luck as they found out welcome charge had gone? Do I sit still and do nothing?
A speedy response would be most appreciated!!
Long story short, I had a business which failed, I owed a small amount of rent but that was it, the landlord ripped me off and forced me to allow him to put a charge on my home. It was for £15k. The charge was added in 2007 and I made a monthly payment on and off until 2009. I haven't paid anything or had contact since. I have today received s letter threatening to force me to sell the house.
The mortgage is £129,000 and house is worth £135,000. There is/was a charge by welcome which has now been removed( see my other thread!)
The landlord wants £22k from me inc interest.
So my question is- can he force me to sell? There is very little equity so he won't get anything, I rent this house out as can't sell due to these charges. I have my marital home with wife and kids can they try and take this???
My other thought is is this charge binding? Is there a limitation period for charges as I have had no contact in 7 years, are they trying their luck as they found out welcome charge had gone? Do I sit still and do nothing?
A speedy response would be most appreciated!!
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