Is my home going to be taken away? (2nd mortgage)

Hudson1984

silvercar wrote: »

Equity rich, cash poor!

I wouldn't call them wealthy.

Selling up can be avoided, mainly dependent on the views of their children.

true, making a snap judgement there my bad!

I'm judging on my own views - I couldn't justify taking benefits when there was a (in my opinion) huge asset there, I'd sell the damned thing have a fantastic retirement on the money and give my children cash as a gift early rather than waiting till I pass. Why struggle on low income?

again this is an opinion (is a forum after all) apologies if my opinions have caused offence

starbarboy

Reactor wrote: »

I think the owners of the property should sell it and pay off their debts and downsize.

It looks like the owners didn't like the terms of their agreement and then decided they won't pay, thinking this would invalidate the agreement. The owners could have just switched to another competitive product in the last 20 years, but chose instead to pay nothing. What kind of people do this?

One thing I'm sure of, if I had lent the owners the money and then they decided they won't pay me back, I wouldn't be impressed. And that is stating it respectfully.

Do the right thing and move on.


I also feel the need reply to starbarboy I can see where you get your user name from



Here's a question for you starbarboy: if you pay more tax than me, should you get a better service than me from the government? No

In response to your other point National Insurance is not a tax, however much it feels like one.