NRAM Mortgage voluntary repossession

Dogger69

Thrugelmir wrote: »

I'm unsure why you concerned about the shortfall then. Likewise bankruptcy. As you can jump on a plane and leave your debts behind.
Suggests that what you do.

Just hope that you don't have a need to return to the UK one day. I've known plenty of people for whom the grass isn't greener

My thoughts also - all but one of my friends that has gone to Aus and NZ have returned within two years, mainly because of the *extremely* high cost of living.

Another concern would be who the debt collectors would chase in the UK. I'd be pretty ashamed if a bailiff turned up at my parents house

OP, why not delay your move until everything is resolved here?

Toplolv

We are not worried about the cost of living we have planned for that. we have no need to return. If it didn't work out then we would try another country.

Our move has been delayed by a year already and we are unwilling to put our lives on hold until we re-pay what we owe. You only live once and I don't want to waste it

gb12345

Toplolv wrote: »

re-pay what we owe

So you admit you owe it then.

Do you you have kids or family? I bet they'll be really proud of you for running away from your commitments - what a pathetic example you are.

bigadaj

Toplolv wrote: »

We are not worried about the cost of living we have planned for that. we have no need to return. If it didn't work out then we would try another country.

Our move has been delayed by a year already and we are unwilling to put our lives on hold until we re-pay what we owe. You only live once and I don't want to waste it

You've had advice from many parties, both factual and moral. It's therefore up to you to make a decision, all I'd ask is that if things don't go well, or there are consequential issues, then don't complain.

antrobus

Toplolv wrote: »

the country that we are heading to does not have an agreement with the UK so our credit rating and debt shouldn't follow. NRAM also told me that they would not sell the debt to a different country.

Toplolv wrote: »

We would be going to New Zealand

As far as I'm aware New Zealand does have an agreement with the UK regarding the enforcement of civil judgements. It's certainly listed as one of the countries to which the Administration of Justice Act 1920 applies;

see http://www.legislation.gov.uk/uksi/1984/129/made

Duke203

antrobus wrote: »

New Zealand does have an agreement with the UK

Dontcha just hate it when that happens

dealer_wins

Bye OP, dont let the door hit you on the way out.

And keep looking over your shoulder for the bailiffs!!

John1993_2

If the house is not selling, then (unless it's a very unusual design or location, where a buyer will only come along once every few years) you've got it o at too high a price.

There's no harm asking for a high level at first, on the off-chance that someone will fall in love with it (again, if it's something very special), but for any house that is similar to others in your town or street a failure to sell means that you've set your price wrong. You probably need to drop it if time is an issue.

DCFC79

You dont say what you have done to sell the house during the 18 months eg have a de clutter etc, im guessing nothing if no offers have been made in that period.