Chelsea Building Society bad experience anyone?

stressed_mummy

we have a house which we bought to move into 18 months ago when our 2 children had finished at their schools. its a dream home currently has a private tennant in we knew we would have to sub the mortgage to about £200 a month which was great when we were earning a reasonable salary now on minimum wage we are struggling & made the decision to move in during this summer. sell our old home & pay off any arrears etc...

However good old chelsea send an unsealed letter charge us £150 then in today's post they are trying to take possession with a letting agent !
there is some £125k of equity in there plus we have told them of our plans to move & convert the mortgage from a buy to let to a repayment

what Should be our next move. Hubby says its all over but I dont think so??

I keep asking myself how much more can i take

stressed_mummy

now hubby is refusing to even discuss it let alone come home

Thrugelmir

stressed_mummy wrote: »

we have a house which we bought to move into 18 months ago when our 2 children had finished at their schools. its a dream home currently has a private tennant in we knew we would have to sub the mortgage to about £200 a month which was great when we were earning a reasonable salary now on minimum wage we are struggling & made the decision to move in during this summer. sell our old home & pay off any arrears etc...

However good old chelsea send an unsealed letter charge us £150 then in today's post they are trying to take possession with a letting agent !
there is some £125k of equity in there plus we have told them of our plans to move & convert the mortgage from a buy to let to a repayment

what Should be our next move. Hubby says its all over but I dont think so??

I keep asking myself how much more can i take

On the basic information you have provided. You appear not to have taken the matter of the arrears very seriously. As the summer is some months away. I wonder if they have lost patience with you.

stressed_mummy

the trouble is its in husbands name only we remortgaged my house to put the deposit down plus had to put our business down not a very nice time at all now this
having not taken a salary for some 14 months & pumping what little money we had into it to try & keep it afloat
it doesn't help when the tenants keep deducting money for every little thing & not telling us making the problem worse

SouthCoast

Having problems with your mortgage payments?

http://mortgagehelp.direct.gov.uk/default.aspx

FraudBuster

Bear in mind that Chelsea now have new owners and they may want to play a different game.

FSA/PN/050/2010
19 March 2010
The Financial Services Authority (FSA) has announced that on 18 March it confirmed the proposed transfer of the engagements of the Chelsea Building Society to the Yorkshire Building Society.

stressed_mummy

spoke to them this morning who are going to ring on monday
if they do decide that they want to sell it even though we own 1/3 then bang goes our business & 2 disabled children's educational plans which were almost complete (it takes anything from 6 months to a year to get rolling)
i am sure the press would have a field day on it!

VIGILANT22

stressed_mummy wrote: »

spoke to them this morning who are going to ring on monday
if they do decide that they want to sell it even though we own 1/3 then bang goes our business & 2 disabled children's educational plans which were almost complete (it takes anything from 6 months to a year to get rolling)
i am sure the press would have a field day on it!

http://forums.moneysavingexpert.com/showthread.html?p=25169887&highlight=#post25169887

The problem is that because of the children's education I cannot just sell up & move into a rented place as part of my divorce settlement almost 10 years ago the house was supposed to be for one child as he wont be able to work or look after himself for the rest of his life.As it is I used their savings to pay for a staff salary.

[URL="mhtml:{144FE44D-54A8-458E-8DC1-3E719B61166D}mid://00000036/!x-usc:http://forums.moneysavingexpert.com/showthread.html?p=29278925&highlight=#post29278925"]http://forums.moneysavingexpert.com/showthread.html?p=29278925&highlight=#post29278925[/URL]

"the trouble is we have 2 houses " "we remortgaged this one to buy the house we will move to in the summer"

Thrugelmir

stressed_mummy wrote: »

spoke to them this morning who are going to ring on monday
if they do decide that they want to sell it even though we own 1/3 then bang goes our business & 2 disabled children's educational plans which were almost complete (it takes anything from 6 months to a year to get rolling)
i am sure the press would have a field day on it!

Maybe you need to face reality. Sit down and sort your finances out in a proper manner. Take responsibility for your own decisions. Rather than attempt to pass the buck. Involving the press may well not achieve the result you think it would.