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NRAM arrears and selling my house.
robjoe2010
Posts: 33 Forumite
Hi
I got into arrears with NRAM after becoming unable to work. They agreed to 12 months interest only which is due to end next month but nothing has changed. They will be wanting me to convert back to full payment plus arrears payments and I know I can't manage this. I have made the decision to sell my house and have already put it on the market but what will happen when I admit I can't pay what they want until it's sold ?
I got into arrears with NRAM after becoming unable to work. They agreed to 12 months interest only which is due to end next month but nothing has changed. They will be wanting me to convert back to full payment plus arrears payments and I know I can't manage this. I have made the decision to sell my house and have already put it on the market but what will happen when I admit I can't pay what they want until it's sold ?
0
Comments
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Speak to them now. Advise them of the situation i.e. you've put the property up for sale. Hopefully NRAM will grant you sufficient time to sell the property on your terms.0
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Give them a call and tell them about your circumstances.
They have a detailed website regarding difficulties - http://www.n-ram.co.uk/homeowners/help-with-payment-difficulties0
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