How Should I Proceed?

2520years

Hi everyone...I really need some good guidance.

When my spouse and I separated I moved into my current home which we had been letting out.

I let NRAM know because it is on a buy-to-let mortgage. They accept I let them know at the time I moved in.

Now the divorce is going through I rang NRAM to ask about a possible in-principle agreement for transfer of equity (it's still a joint-mortgage.)

Now, FOUR YEARS after I moved in they've written to say I can't live here on my current mortgage - "you will have to redeem this loan and take out a residential mortgage with a new lender."

The house is in negative equity so I can't really get another mortgage. If I move out it won't benefit NRAM or me because I won't be able to pay off the whole mortgage. Can they throw me out?

Should I drop the whole subject and keep living here on a joint-mortgage?

Should I contact the mortgage provider - are they held to strict conditions or flexible?

Should I try to get tenants in here and rent somewhere (I really don't want to do this)?

Any ideas? What might happen if I couldn't get another mortgage? Can they force me to move out somehow?

Thanks in advance for any help at all.

2520years

I suppose the first question is...

If I've been living here for four years with their knowledge, are they really likely to remove me by insisting I repay the mortgage? The house is in negative equity so will they be confident of getting all the value of the mortgage back? It ain't broke so why fix it?

Thanks for any help.