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which way to turn??:(
robbie40
Posts: 12 Forumite
Can anyone tell me of my options????
If things went to plan.....
I got a property (with a mortgage) in the uk,(that i did try and sell when we decided that we wanted to stay in Spain but the market crashed!!) so i had to sublet it,the tenants wanted to buy it this year but that's not possible anymore and want 2 buy it in 3yrs time!(to which i could afford to pay the mortgage off and the 35,000 ccds!!),The property in Spain(that' way the CCds bill is so high!) is where i live with my family, is up x sale(but the market looking bleak!)We thinking of selling this property to pay off the ccds and buy a smaller home..If it works out....
My problem is if none of the properties sell ..as the interest of the ccds is growing in hundreds and the capital of the debts is slowly reducing in pounds value!!(i do not touch them anymore!!) can they reposses my uk home as it's not my family home ( and what would happen 2 the tenants as they got a young family??)or can they repossess our home in Spain??
thanx x any help
I learned my LESSON....I should have sold the uk home 1st then brought the other one!!!!! but the market had 2 crash when i put my house x sale.....life!!!!!!
:(:(
If things went to plan.....
I got a property (with a mortgage) in the uk,(that i did try and sell when we decided that we wanted to stay in Spain but the market crashed!!) so i had to sublet it,the tenants wanted to buy it this year but that's not possible anymore and want 2 buy it in 3yrs time!(to which i could afford to pay the mortgage off and the 35,000 ccds!!),The property in Spain(that' way the CCds bill is so high!) is where i live with my family, is up x sale(but the market looking bleak!)We thinking of selling this property to pay off the ccds and buy a smaller home..If it works out....
My problem is if none of the properties sell ..as the interest of the ccds is growing in hundreds and the capital of the debts is slowly reducing in pounds value!!(i do not touch them anymore!!) can they reposses my uk home as it's not my family home ( and what would happen 2 the tenants as they got a young family??)or can they repossess our home in Spain??
thanx x any help
I learned my LESSON....I should have sold the uk home 1st then brought the other one!!!!! but the market had 2 crash when i put my house x sale.....life!!!!!!
:(:( 0
Comments
-
Hi robbie40,
I'm not sure of your options, but will bump this and someone with more knowledge than me should be able to help. I hope you get sorted soon.If you've nothing decent to say, perhaps you shouldn't say anything.
£2 savings jar £300:D
Total credit card debts £1250:mad::mad::mad::mad::mad: - Will I ever learn!!0 -
thanx any help would be so so welcome!!!!xxxbottleofred wrote: »Hi robbie40,
I'm not sure of your options, but will bump this and someone with more knowledge than me should be able to help. I hope you get sorted soon.0
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