We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. 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!
Mortgage shortfall advice
cortinadave
Posts: 15 Forumite
I split up with my partner in 2009 and she then refused to pay anything towards the joint mortgage we had.
long story short I struggled on for a while but the flat was reposessed by the lender in September 2011.
I know she went bankrupt the following year.
I've managed to dig myself out of most of the financial disaster of that year but the mortgage has a shortfall of £28k which I know following her bankruptcy I am saddled with.
The lender has sent me 2 letters in that time simply reminding me there is a debt outstanding and that they'd like it paid... but theres been nothing more from them.
Im in Scotland. Where do I stand with this now? I read that there was a code of practice that enders would not "commence proceedings" after 6 years on a shortfall.. but im unsure if those two letters count as "commencing proceedings'
Any advice?
long story short I struggled on for a while but the flat was reposessed by the lender in September 2011.
I know she went bankrupt the following year.
I've managed to dig myself out of most of the financial disaster of that year but the mortgage has a shortfall of £28k which I know following her bankruptcy I am saddled with.
The lender has sent me 2 letters in that time simply reminding me there is a debt outstanding and that they'd like it paid... but theres been nothing more from them.
Im in Scotland. Where do I stand with this now? I read that there was a code of practice that enders would not "commence proceedings" after 6 years on a shortfall.. but im unsure if those two letters count as "commencing proceedings'
Any advice?
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards