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Mortgage And Bill Advice
PONDSAVER_2
Posts: 409 Forumite
My friend has just split from his girlfriend and she has moved out about 3 months ago - the thing is now he earns £1k a month but his bills and mortgage add up to £1200 a month thats not including food etc - he is now behind on his mortgage and has been told he cann't sell up until he is upto date on his payments - he is at his whits end now and doesn't know what to do does anyone have any ideas on how he can get out of this circle?
Lightbulb moment 10-06-06
Total debt £36,996.70 June 2006
Total debt approx £33,000 Oct 2006
Jan 07....to be worked out but may have gone up GULP
:mad: :eek:
DFD March 2011
DFW Nerd 111
19 jan 23 feb 5 weeks:( - grocery challenge £250
Total debt £36,996.70 June 2006
Total debt approx £33,000 Oct 2006
Jan 07....to be worked out but may have gone up GULP
:mad: :eek:DFD March 2011
DFW Nerd 111
19 jan 23 feb 5 weeks:( - grocery challenge £250
0
Comments
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Can he not take in a lodgerBarclaycard 3800
Nothing to do but hibernate till spring
0 -
Who told him he couldn't sell until he was up to date with his payments. Surely if he puts his house on the market, someone buys it and he gives the mortgage company all their money back, that has got to be a better prospect than owing more and more money and getting repossessed. I would put it up for sale now!Quality is doing something right when no one is looking - Henry Ford
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He got a letter from his mortgage company saying about reposession if he does not bring his account up to date and he phoned them after that and they advised him he could not sell - estate agents have told him it is the wrong time of year to put on the market too.
I will suggest about a lodger to him that could bring him in a bit more money each month. thank youLightbulb moment 10-06-06
Total debt £36,996.70 June 2006
Total debt approx £33,000 Oct 2006
Jan 07....to be worked out but may have gone up GULP :mad: :eek:
DFD March 2011
DFW Nerd 111
19 jan 23 feb 5 weeks:( - grocery challenge £2500 -
firstly i'ld suggest he posts an SoA here so we can see the full picture, can he include the value of the house and the mortgage
unless he is in negative equity i can't see any reason why he can't sell.
ignore the estate agent, your friend can't afford to wait until spring but needs to sell asap unless his SoA/lodger etc says otherwise.0
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