Northern rock robbing us blind help please

hollylollylou

.ExternalClass .ecxhmmessage P{padding:0px;}.ExternalClass body.ecxhmmessage{font-size:10pt;font-family:Tahoma;}Hi,

was wondering if you could help.

My partner's farther passed away almost 4 years ago leaving my partner in a lot of debt. there was a house left worth approx £180,000 with an outstanding mortgage with the northern rock for £50,000. they have charges us interest on this figure since my partners farther passed away . is this right ? shouldnt they have crystialised the debt ? they didnt contact him for 2 years and just left the debt building up , my partner was in a bit of a mess when his dad died as it was his only family. anyway what i am getting at is if they would have repossesd the house when he died then all this interest would not have been applied .. why did they leave it so long ? is this legal ?

the house is still in my partner's late farthers name as the northern rock wont allow my partner the deeds so he can change the name, niether my partner or my self can get a mortgage due to credit scoring, so we cant borrow any money on the equity in the house as the equity is not in our name. so we are stuck. the house is not selling due to the housing market atm and the interest is building up everyday. what can we do ?

we tried to do the change of parties application but norther rock refused it !

Between my and my partner we earn 27k a year but both have bad credit. no one will borrow us the money we have tried everywhere.

HELP PLEASE WE ARE IN A MESS.


Kind regards

Senior_Paper_Monitor

.... and who were the father's executors ?

Thrugelmir

My partner's farther passed away almost 4 years ago leaving my partner in a lot of debt. there was a house left worth approx £180,000 with an outstanding mortgage with the northern rock for £50,000.

Why? Selling the house at the time would have cleared the outstanding mortgage.

I assume that the property hasn't been left empty for 4 years but either lived in or rented out for that duration.

Why didn't anybody inform NR that your partners father had died?

There appears to be far more to this tale than any incompetence on the part of NR.

Peelerfart

Hmm! I smell an under bridge dweller.

hcb42

Northern Rock appear to have done nothing wrong here.

Was your partner the executor of his estate? Presumably if there was no will, then he would be next of kin, and would have to apply for probate.

Your FIL didn't leave you a debt, he left your partner an inheritance of £130K, but it sounds like your partner hasn't taken control of the situation, and I assume this would be more than ample to address any financial responsibilities of your own and get you out of the financial mess you infer you are in

I appreciate after death, it can be daunting, been there myself, it took us 3-4 months to get my Dad's house on the market after he died, but you need to take ownership of the situation and if you cannot afford to get a mortgage for £50K then you need to be more proactive about selling it (I assume you are not living in it ATM, which could be wrong I realise)

dunstonh

My partner's farther passed away almost 4 years ago leaving my partner in a lot of debt.

The debts of the father are not passed the child.

there was a house left worth approx £180,000 with an outstanding mortgage with the northern rock for £50,000.

£130k of equity doesnt sound like debt.

they have charges us interest on this figure since my partners farther passed away . is this right ?

Yes. You cant borrow money free of charge. The estate is still liable for the interest. It is normal for interest to be rolled on to the debt until the property is sold.

anyway what i am getting at is if they would have repossesd the house when he died then all this interest would not have been applied .. why did they leave it so long ? is this legal ?

If they repossessed, the fees would have been significant and the house would have been sold at quick sale prices rather than market prices. Also, from a social point of view, filing for repossession after a death would be viewed as very poor form.

As for legality, it is the job of the executor of the estate to control these things. Who was the executor? You should be discussing it with them.

the house is still in my partner's late farthers name as the northern rock wont allow my partner the deeds so he can change the name, niether my partner or my self can get a mortgage due to credit scoring, so we cant borrow any money on the equity in the house as the equity is not in our name. so we are stuck. the house is not selling due to the housing market atm and the interest is building up everyday. what can we do ?

The executor of the estate needs to evict the tenants (if any are living there) or if its standing empty, reduce the price to get a sale. The property cannot be transferred unless your partner repays the debt to the estate. If your partner cannot do this then the executor has a legal responsibility to sell the property.

I cannot see any wrong doing by NR. I can see potential for wrong doing by the executor of the estate, whoever that is.

maninthestreet

At 5% interest p.a, a £50,000 debt would take over 15 years to become a £100,000 debt - how much is the house currently worth??

ViolaLass

If it's not selling, drop the price. That may seem obvious but it clearly needs selling. Much better for you to sell at 25% off what you think it's worth, or more, than not sell at all.