Southern Pacific Mortgage

Mrsbibbs

In 2006 we took our a remortgage with SP, trying to keep our heads above water,

We were on a fixed rate payment scheme but the payments kept changing, also when the house was valued for remortgage it came in at £130 thou, but when we got the mortgage papers it was a mortgage for £155, thou, and the broker said dont worry its just the paper work so we signed ( our fault I know), we managed to keep things going for just over 2 years when my ill health meant that we made a decision to hand our keys back to the mortgage company as we just couldnt afford the payment and moved into rented accom which we have never missed a payment on and doing really well,

Now the house was sold as reposenson for £121,00 but when we got a statement of account it showed that only £115 had been paid to the mortgage company...

However we have been getting letters from a company called dlc telling us we owe them £52 grand ...

Any help you can give us would be greatful do we have any flexability with the payments
:A

beecher2

http://www.direct.gov.uk/en/moneytaxandbenefits/managingdebt/debtsandarrears/dg_10013261

Have a look at the links here, and contact the organisations listed.

Mrsbibbs

Thank you so much

Now just to work out welcome finance :A

SouthCoast

And more information on Mortgage Shortfalls from National Debtline

http://www.nationaldebtline.co.uk/england_wales/factsheet.php?page=11_mortgage_shortfalls