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Complex Mortgage Query
Dean.johnson23
Posts: 1 Newbie
I have a Northern Rock mortgage with £66,000 remaining on the outstanding balance including redemption. I currently rent this property out as i have a new home. I have recieved an offer of £50,000 for the property £16,000 short of the redemtion figure.
What are my choices?
I want to be out of the mortgage but dont want to end up paying for years on end to clear the debts.
What are my choices?
I want to be out of the mortgage but dont want to end up paying for years on end to clear the debts.
0
Comments
-
Personal loan perhaps?0
-
Is the offer of £50k a serious one, and represents the property's market value?0
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What does it rent for?
Are costs high eg. maintanence0 -
Yes, more info needed on this one. Are you financially sound or are you heading towards trouble?
Why do you want out?
Whats it rent for?
Can you afford and loan?"Banking establishments are more dangerous than standing armies." Thomas Jefferson
"How can I believe in God when just last week I got my tongue caught in the roller of an electric typewriter?" Woody Allen
Debt Apr 2010 £00
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