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Mortgage repossession - help

wilky423
wilky423 Posts: 48 Forumite
in Debt-free wannabe
Hi all,
Received letter today from eversheds re my Santander mort arrears £5k.
They state that Santander have now applied to local court to commence repossession.

Im self employed but and about £1k is due in over the next 4 weeks, I have paid off 300 today & called them up to advise,but they are not really helpful.

I am actively looking for employment and have interviews lined up. If I can just get a job it will help a lot buti am concerned that the court are going to take the house.

I have a wife and 3 kids, the wife doesnt work as she looks after the kids.

The working tax credit pays for the food bill

Any help appreciated as very worried now.
Managing my own debts & it's slowly looking better by the month. :T

Comments

  • beanielou
    beanielou Posts: 96,623 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Sorry cant help but sure someone that .an will be along soon,
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

    Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.     ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
    One debt remaining. Home improvement loan.
  • wilky423
    wilky423 Posts: 48 Forumite
    Received the hearing papers today, 1st week of June. Should I be talking to Santander to try some kind of arrangement ?
    Managing my own debts & it's slowly looking better by the month. :T
  • RAS
    RAS Posts: 36,089 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Please get hold of Shelter on Monday, they are specialists helping people deal with housing problems. What are the chances of your getting anythign together money wise by selling stuff round the house? Can you wife get some part-time work as your finances sound very stretched.

    And have you done a full check on www.turn2us.org.uk in case you are not receiving enough support.
    If you've have not made a mistake, you've made nothing
  • wilky423
    wilky423 Posts: 48 Forumite
    Thanks RAS will try them Monday. There's not much work going for the wife, cause of school times etc. I'll post more info Tuesday after the job interview & chat with Shelter.
    Managing my own debts & it's slowly looking better by the month. :T
  • SouthCoast
    SouthCoast Posts: 1,985 Forumite
    The Shelter housing advice helpline:

    Ring 0808 800 4444

    8am-8pm Monday-Friday
    8am-5pm Saturday-Sunday

    http://england.shelter.org.uk/get_advice/repossession
  • kerrypn
    kerrypn Posts: 1,233 Forumite
    Make sure you attend the court hearing armed with what you can afford. Depending on the type of mortgage/interest rate the judge may rule in your favour. But do seek advice on this.
  • fatbelly
    fatbelly Posts: 23,224 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Cashback Cashier
    edited 11 May 2011 at 10:42PM
    I agree. Ask Shelter for help. And do attend court to tell the judge what the position is at that time.
  • wilky423
    wilky423 Posts: 48 Forumite
    Verdict - came to agreement with lender before the hearing, judge decided on suspended order. Thnks for help.
    Managing my own debts & it's slowly looking better by the month. :T
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