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NRAM (northern Rock) Repossesion / Shortfall
chrisaxe21
Posts: 6 Forumite
Hi all,
An ex partner and I split in 2008 and she moved out. The house was put on the market. She stopped paying into the mortgage after 6 months and I simply couldn't afford all the mortgage on my own. I paid the most I could afford but arrears started building up and 4 years later the house was still not sold despite over 50 viewings.
The house has now been repossessed and was sold for a stupidly low amount, leaving a 40-50k shortfall. The ex declared bankruptcy years ago to avoid any commitment to the mortgage so I will be expected to pay this shortfall based on my money left over after an expenses form has been filled in showing my earnings and outgoings.
i want to avoid bankruptcy / IVA as the financial and personal impact is so high including limited use of a normal bank, paying bills properly, running a business, and so many more.
I'm asking for some advice on how to play this with NRAM. As the ex has put me in this situation is there anything that can be done, even if she if bankrupt? This is her doing, and NRAM know this, but they didn't even bother chasing her when she stopped paying into the mortgage. They have only ever kept in contact with me as they know I pay. They lied to me too saying they didn't have an address for her. A couple of days later I spoke with someone else and then told me they DO have her address.
They have also recently given me wrong information saying over the phone I needed to be out of the house on a certain date, so I signed a property to rent. It then turned out the move out date was over a month later. The financial Ombudsman has been involved as NRAM deny this as there's no evidence. It was the only reason I called in the first place! They also recently said the repossessed property was being managed by a particular company. I contacted this company and they didn't know anything about it. When I called NRAM this week to confirm again who is managing they confirmed it wasn't the company they initially said. More lies!
Can this shortfall be reduced due to their poor service and lies, or can anything be written off against the ex's bankruptcy so I'm not expected to pay £50k on my own?
Any other ideas anyone? A Dragon's Den idea?
hope you can help
Thanks
Chris
An ex partner and I split in 2008 and she moved out. The house was put on the market. She stopped paying into the mortgage after 6 months and I simply couldn't afford all the mortgage on my own. I paid the most I could afford but arrears started building up and 4 years later the house was still not sold despite over 50 viewings.
The house has now been repossessed and was sold for a stupidly low amount, leaving a 40-50k shortfall. The ex declared bankruptcy years ago to avoid any commitment to the mortgage so I will be expected to pay this shortfall based on my money left over after an expenses form has been filled in showing my earnings and outgoings.
i want to avoid bankruptcy / IVA as the financial and personal impact is so high including limited use of a normal bank, paying bills properly, running a business, and so many more.
I'm asking for some advice on how to play this with NRAM. As the ex has put me in this situation is there anything that can be done, even if she if bankrupt? This is her doing, and NRAM know this, but they didn't even bother chasing her when she stopped paying into the mortgage. They have only ever kept in contact with me as they know I pay. They lied to me too saying they didn't have an address for her. A couple of days later I spoke with someone else and then told me they DO have her address.
They have also recently given me wrong information saying over the phone I needed to be out of the house on a certain date, so I signed a property to rent. It then turned out the move out date was over a month later. The financial Ombudsman has been involved as NRAM deny this as there's no evidence. It was the only reason I called in the first place! They also recently said the repossessed property was being managed by a particular company. I contacted this company and they didn't know anything about it. When I called NRAM this week to confirm again who is managing they confirmed it wasn't the company they initially said. More lies!
Can this shortfall be reduced due to their poor service and lies, or can anything be written off against the ex's bankruptcy so I'm not expected to pay £50k on my own?
Any other ideas anyone? A Dragon's Den idea?
hope you can help
Thanks
Chris
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