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2nd Charge Bad Debt - Help!
CharBurc123
Posts: 1 Newbie
Hi,
I need some advice/help.
We are currently undergoing a repossession which resulted due to my husband being off on long term leave with mental health issues. It's been a case of burying the head in the sand. We've come to an agreement with the lender that they will halt all action on the payment of a figure 33% of the arrears - which we want to do.
We've a large amount of equity in the house that we want to release to clear the arrears and get us back on track however we are struggling to find a lender that will help.
It is affordable and our lender is happy going forward to accept a low repayment plan over the balance of the mortgage term.
Has anyone got any good contacts that will be able to help?
Thank you in advance.
I need some advice/help.
We are currently undergoing a repossession which resulted due to my husband being off on long term leave with mental health issues. It's been a case of burying the head in the sand. We've come to an agreement with the lender that they will halt all action on the payment of a figure 33% of the arrears - which we want to do.
We've a large amount of equity in the house that we want to release to clear the arrears and get us back on track however we are struggling to find a lender that will help.
It is affordable and our lender is happy going forward to accept a low repayment plan over the balance of the mortgage term.
Has anyone got any good contacts that will be able to help?
Thank you in advance.
0
Comments
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A good broker can help you sort this today.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
CharBurc123 wrote: »It is affordable
If you are struggling to find a lender then perhaps the matter isn't so clear cut as you imagine.0
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