Can you sell house and part pay off mortgage ?

ILW

Haxeyowl wrote: »

Thanks Guys,

Problem is that due to taking on the debts of my ex wife all under my wage, my credit score is very very poor.

The mortgage is killing me.

I have been offered a price that is 90% of my mortgage value. If I can accept that offer, sell the house, and pay off 90% of mortgage, then I have a huge monkey off my back.

I am struggling to get by, this will give me a complete new start, and free up so much for me, but nobody seems to be able to assit. You would imagine it would be prefererred rather than taking out consolidation loans, or debt management plans and IVA's ?

It is proof that i am making efforts to sort this out myself.

Has anyone out there got any experience of something like this ?

I would be wary of hese house buying companies.
If they ask you for a fee for survey etc it is a scam.
If not they have a habit of waiting till your are just about to exchange and then dropping their offer by about 25%.
Make sure you research them thoroughly before commiting to anything.