We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
HPC rogue post: Why dont you just buy...
Comments
-
You're still liable for the debt, you can't just hand back the keys. In other words, any other equity you have is at risk.
(as far as I'm aware)
One of my Brothers handed back the keys and some 10 years later Bristol & West caught up with him (he had only moved home once) asking for £52.5k. He settled on just £2k arguing he had a family to keep etc etc.0 -
One of my Brothers handed back the keys and some 10 years later Bristol & West caught up with him (he had only moved home once) asking for £52.5k. He settled on just £2k arguing he had a family to keep etc etc.
After that length of time, they were probably glad to get something rather than nothing.
However you cannot extrapolate from that one anecdoate about other circumstances and other lenders.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.3K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.8K Spending & Discounts
- 244.3K Work, Benefits & Business
- 599.5K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards