Confused re secured

larzie30

Hi All

went to court yesterday and they passed an order for northern rock to reposess the house, have to hand the keys in on 3rd september, so I duly went downstairs and got paperwork for BR which I am now completing. have come up against a stumbling block, can anyone help. Will try to be as concise and clear as poss:

1) Joint loan secured on house 44.5k
2) northern rock together mortgage on house 95k (73 secured the rest unsecured) - not in my name all in ex husbands name.
3) Property reposessed see above
4) Had house valued before repo at 110k

Okay so anyone any idea how I possibly put this into my br form under section 4?

Any help really appreciated as I am really confused!!

larzie30

Can anybody offer any advice, I can't get help from CAB because I earn too much, and can't afford to pay for help. Can anyone even suggest anywhere I may be able to get the help?

Feelingfoolish_3

Hi All

went to court yesterday and they passed an order for northern rock to reposess the house, have to hand the keys in on 3rd september, so I duly went downstairs and got paperwork for BR which I am now completing. have come up against a stumbling block, can anyone help. Will try to be as concise and clear as poss:

1) Joint loan secured on house 44.5k you are liable so list this as a secured debt
2) northern rock together mortgage on house 95k (73 secured the rest unsecured) - not in my name all in ex husbands name. if your not named then this has nothing to do with you and shouldnt go on the form
3) Property reposessed see above you will only be liable for any shortfall from the secured loan
4) Had house valued before repo at 110k - was the property in your name too? If so then you would need to list this as valued at £110k

Okay so anyone any idea how I possibly put this into my br form under section 4?

Any help really appreciated as I am really confused!!


This is just off the top of my head, Im sure there will be someone to answer fully soon. At the end of the day, all of your debts will be included so if you forget something it can be discussed at your OR interview I'm sure

Just wanted to answer a little bit

larzie30

hi thanks for replying really grateful, the house isn't in my name at all jus tht joint loan, think I am just concerned that they will think it weird that this will go on as secured debt when i will not be putting a house on my assets!!

Feelingfoolish_3

I think its weird that you have a joint secured loan when you have no interest in the house?? I know its late and I might not be thinking straight but is it secured?

anyone else got any thoughts?

larzie30

yes it is defo secured on the house, he had the mortgage in his name only and then at a later date a joint loan was taken secured on the house.