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Banktuptcy & Buy to Let in negative equity

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  • fermi
    fermi Posts: 40,542 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Rampant Recycler
    tmb70 wrote: »
    Please can you read the link below and applying this info from the technical manual, it would mean the BTL properties can be mine again.

    No, as that entire chapter is about dealing with interests in the "family home".

    i.e.

    where a property is considered to be a dwelling-house, which at the date of the bankruptcy order was the sole or principal residence of;
    a) the bankrupt,
    b) the bankrupt’s spouse or civil partner, or
    c) a former spouse or civil partner of the bankrupt


    None of that applies to your BTL properties.
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
  • tmb70
    tmb70 Posts: 57 Forumite
    fermi wrote: »
    No, as that entire chapter is about dealing with interests in the "family home".

    i.e.

    where a property is considered to be a dwelling-house, which at the date of the bankruptcy order was the sole or principal residence of;
    a) the bankrupt,
    b) the bankrupt’s spouse or civil partner, or
    c) a former spouse or civil partner of the bankrupt
    None of that applies to your BTL properties.


    fermi many thanks for the prompt response.
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