Kensington mortgages

Apples2

You need to lose that chip on your shoulder.

Nobody is Judging you. You need to accept the position you are in. Nobody cares why you decided to convert unsecured debt into secured debt despite all the warnings aside from you.

The way out of this whilst keeping your home is to pay MORE toward your debts. Take another job, curb your outgoings whatever but you need to increase your payments or you could face losing your home. It will not be anybody elses fault.

Do you have any PPI on these loans you could reclaim (including the old loans you shifted onto the Secured ones)?

Are you claiming all you are entitled to?

Fill out a Statement of Affairs and post on the DFW Board for help/advice

DCFC79

lady_in_need wrote: »

dont you think i dont know that now at the time i didnt but just dont want the arrears exculating when im paying them the money but they are . im sure all the people in the world who are in debt didnt mean to get into it but sometimes its hard and people who are judging dont know what its like the fear of losing your home day in day out plus people like your self who havent been so low dont understand any of this NEVER JUDGE A BOOK BY ITS COVER

Dont think I was judging you at all.

Im just bemused by the situation your in.

manzanilla

Apples2 suggested checking out whether you could reclaim PPI. Also whether you (or your son?) is entitled to any other benefits - the calculator here is good http://www.turn2us.org.uk/benefits_search.aspx.

But unless these change your situation, then if you cannot afford the mortgage plus the 2 secured loans, then you have two choices
- to sell up (and then rent or buy somewhere smaller/cheaper that you can afford)
- or to end up being repossessed.

There are no other choices. Your secured creditors will not accept interest being frozen. Under some circumstances the benefits system will help you with the interest costs (not the repayment part) on your first mortgage, but not on the two other ones.

Those are the general facts. If you want specific advice, then as Apples2 says, post a Statement of Affairs on the DFW board. That will list your income, expenditures and loan costs and will give a full picture of your situation.