We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
default on a french mortgage
parkrise022
Posts: 1 Newbie
I have a french mortgage on a property secured abroad. The mortgage is £48,000 and the value WAS £70,000 but as prices stand now it looks like 50-60 & would be difficult to sell. It currently looks like the property will be repossessed as I don't have the income to pay it. My question is what is the most painless method to bring this to the end.
1) if the bank takes over the property and there is still debt on it can they claim the debt through the english courts?
2) will this have any impact on my UK credit rating
3) what would be the implications in france for not paying (can they bring criminal charges)
4) can the french mortgage instruct a UK firm to collect debt on their behalf
1) if the bank takes over the property and there is still debt on it can they claim the debt through the english courts?
2) will this have any impact on my UK credit rating
3) what would be the implications in france for not paying (can they bring criminal charges)
4) can the french mortgage instruct a UK firm to collect debt on their behalf
0
Comments
-
I am in the same situation how did you get on?
What help have you had?0 -
Best to post your own thread and question. Than drag one up from a user that has never posted on the site since nor received an answer, from nearly 2 years ago.0
-
Well said that man!Feb 2012 - onwards MF achieved
September 2016 - Back into clearing a mortgage - Was due to be paid off in 32 years in March 2047 -
April 2018 down to 28.00 months vs 30.04 months at normal payment.
Predicted mortgage clearing 03/2047 - now looking at 02/2045
Aims: 1) To pay off mortgage within 20 years - 20370 -
Be very worried!
Look at the way that the French went steaming into Libya and Gaddafi only had a parking ticket picked up in Marseilles :rotfl::rotfl::rotfl::rotfl::rotfl:.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.3K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.4K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards