Big Banks, Big Brother......

SarahJSch

Took joint mortgage with partner, HSBC, 2nd charge on my home, sole name. 3 years ago, sold joint house, paid off HSBC monthly and in full. July 06, partner went bankrupt, to HSBC business, his sole account. Next Tues, HSBC taking me to court for possession of my own home, very little mortgage, fully paid up. Previous excellent credit history, now stops on all files, abbey, my mortgage company will not lend me money to pay off anothers debt because of court case.

Toomuchdebt

SarahJSch wrote: »

Took joint mortgage with partner, HSBC, 2nd charge on my home, sole name. 3 years ago, sold joint house, paid off HSBC monthly and in full. July 06, partner went bankrupt, to HSBC business, his sole account. Next Tues, HSBC taking me to court for possession of my own home, very little mortgage, fully paid up. Previous excellent credit history, now stops on all files, abbey, my mortgage company will not lend me money to pay off anothers debt because of court case.

I may be thick but I don't understand this post.As for the bit in bold why would a bank lend you money to pay off someone else's debt?

Richard_S

Toomuchdebt wrote: »

I may be thick but I don't understand this post.As for the bit in bold why would a bank lend you money to pay off someone else's debt?

Hi Tmd,

You're not thick, I just assumed the OP might be a little more forthcoming about the reason for the post. S/he is preaching to the converted when it comes to relating anecdotes about the dubious antics of banks and financial institutions.

Richard