Advice required regarding unsecured element of a 100% mortgage

bigdaveysjcb

Hi Ladies and gentleman

I am looking for advice in respect to my former Northern Rock 100% mortgage which is now administered by Northern Rock Asset Management I have had this now for 8 years.

There is an unsecured element of the mortgage which is currently at £8,500.00, towards the end of last year Northern Rock had offered me a settlement figure for this element of £6,000.00, at the time I was not in a position to be able to pay this.

I am now in a position thanks to my family to be able to afford the amount of £6,000.00 so I contacted NRAM and asked them for a settlement figure and they said that they are not currently in a position to offer a settlement figure.

So my question to you is this, is there anything I can do about this?

Any advice or assistance in this matter is greatly appreciated.

Kindest Regards

Paul

Tixy

Just to check - do you still have the house and mortgage? this isn't a residual loan of the unsecured element after sale?

You say you contacted the to ask for a settlement figure - how did you do that? You could try writing to them and offering a figure you would be happy to pay but if they refuse then there is little you can do.