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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Debt and new mortgage
Jason6713
Posts: 5 Forumite
Hi All
8 years ago I had my home repossessed through nobodys fault but my own
I am still being chased for the mortgage shortfall. The mortgage was with Birmingham Midshires, I tried to come to a settlement with their first company shoosmiths but this was unsuccessful, I heard nothing for two years and this has now moved on to a company called Moorcroft so the back and orth offers will begin again for a settlement
I have since had credit card,mobile phone contract and a small loan which have all been paid and had no missed payments
My partner I am now with has equity in the property and is willing to use the equity to make a reduced offer of settlement, what I would like to know is would a mortgage company give us a mortgage putting me on to the mortgage when the funds are taken out to settle the old mortgage shortfall.
All help appreciated
Jason
8 years ago I had my home repossessed through nobodys fault but my own
I am still being chased for the mortgage shortfall. The mortgage was with Birmingham Midshires, I tried to come to a settlement with their first company shoosmiths but this was unsuccessful, I heard nothing for two years and this has now moved on to a company called Moorcroft so the back and orth offers will begin again for a settlement
I have since had credit card,mobile phone contract and a small loan which have all been paid and had no missed payments
My partner I am now with has equity in the property and is willing to use the equity to make a reduced offer of settlement, what I would like to know is would a mortgage company give us a mortgage putting me on to the mortgage when the funds are taken out to settle the old mortgage shortfall.
All help appreciated
Jason
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.7K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.8K Work, Benefits & Business
- 603.3K Mortgages, Homes & Bills
- 178.2K Life & Family
- 260.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards