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Unenforceable Loan??

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Comments

  • Malky
    Malky Posts: 694 Forumite
    Unfortunately for you, joint loans work in a way that if one can't pay their share then the other picks up the full tab. Having the wrong DOB isn't going to make it unenforceable when you have been paying the loan for the last 7 years with no complaints. I think you need to have a rethink as to what road you want to go down as stopping payments is a bad idea. I can see your having a stressful time of it with your ex not paying, the loan amount increasing and your house price falling. Not forgetting Xmas is just around the corner. Maybe post again in the DFW forum with your incomings and outgoings and see if someone can help where you can save money in order to pay your debts. Don't ignore the loan as it won't go away and I suggest you make an arrangement ASAP to start making your repayments again.
  • Apples2
    Apples2 Posts: 6,442 Forumite
    Malky wrote: »
    Unfortunately for you,

    Unfortunate for the OP.... but fortunate for the rest of us reading this thread about someone happily burying themselves in debt only to shout "Victim" down the line.
  • ILW
    ILW Posts: 18,333 Forumite
    lianhunt wrote: »
    well it was worth asking the question, thanks to everyones useful responses

    Bit confused, it appears that three months ago you were trying to buy another property as a BTL investment.
  • mynameisdave
    mynameisdave Posts: 1,284 Forumite
    ILW wrote: »
    Bit confused, it appears that three months ago you were trying to buy another property as a BTL investment.

    For her daughter, even though she (OP) is 27. Apparently the daughter was struggling to get a mortgage of her own.

    Can't think why.
  • kev.s
    kev.s Posts: 513 Forumite
    as a NR customer i have often forgot an answr they ask, but they never ever do not find a way round the security checks, seems to me you can call them again, they have plenty more security questions to confirm your ID, amount outstanding, how you make payments,others named on account.. just ask them to ID you some other way, pop into local branch etc etc, just because the DOB is wrong, who's to say thats the one they were not given, as far as refusing to pay you'll be listed as defaulted on account, silly move
  • geoffky
    geoffky Posts: 6,835 Forumite
    125% mortgages..oh boy those were the days,,,when fools rushed in..
    It is nice to see the value of your house going up'' Why ?
    Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
    If you are planning to upsize the new house will cost more.
    If you are planning to downsize your new house will cost more than it should
    If you are trying to buy your first house its almost impossible.
  • KingElvis
    KingElvis Posts: 4,100 Forumite
    geoffky wrote: »
    125% mortgages..oh boy those were the days,,,when fools rushed in..

    Wise men say, only fools rush in :p

    Thank you very much.
    "We want the finest wines available to humanity, we want them here, and we want them now!"
  • leveller2911
    leveller2911 Posts: 8,061 Forumite
    KingElvis wrote: »
    Wise men say, only fools rush in :p

    Thank you very much.


    Elvis has left the building..........:D
  • ptvw
    ptvw Posts: 14 Forumite
    god forbid it will ruin your credit file and you will be unable to take out any more loans!
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