We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 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!

NorthernRock together - does unsecured loan become secured + other questions?

2»

Comments

  • JCS1
    JCS1 Posts: 5,338 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    The OR has a duty to realise any assets for your BR estate, and that would include the equity in your property. Have you had an up to date valuation? Are you sure there is £20k equity in the property with prices falling at the moment?

    Please speak to one or more of the free debt charities, are you sure an IVA is not possible?
  • DotNetter
    DotNetter Posts: 150 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    JCS1 wrote: »
    The OR has a duty to realise any assets for your BR estate, and that would include the equity in your property. Have you had an up to date valuation? Are you sure there is £20k equity in the property with prices falling at the moment?

    Please speak to one or more of the free debt charities, are you sure an IVA is not possible?

    I have 2 estate agents coming on Monday to value the house.

    I have already filled out the CCCS online form and have spoken to them and I have a phone-based appointment scheduled for next Wednesday.

    Depending on what the outcome is of these two events will guide me to where I need to go.

    Cheers,


    Wayne
    DMP Mutal Support Thread No: 360
    Proud to [STRIKE]be dealing[/STRIKE] have dealt with my debts
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.4K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.4K Work, Benefits & Business
  • 601.2K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.