I am going to sell my house and rent it back.

armarda

Mr SP - you mention that you were doing someone a favour when you got hurt. Did you consider on the time whether there was any insurance you could claim on? For instance if it was at someone's home their home insurance may provide some coverage. The accident will normally need to have been within the last three years.

lindens

armarda wrote: »

Mr SP - you mention that you were doing someone a favour when you got hurt. Did you consider on the time whether there was any insurance you could claim on? For instance if it was at someone's home their home insurance may provide some coverage. The accident will normally need to have been within the last three years.

Good point this happened to my neighbours son.
He was mowing her lawn with an electric mower and tripped over the cable onto the patio below breaking his elbow badly. He claimed off his mothers household insurance and got £5000

Retired_I.F.A.

no wonder premiums are so high when they cover saft !!!!!!s who dont look where they are going.

Verbatim

Mr Spangle-pants,

What does your wife think?

In_Search_Of_Me

back to the original point...Mr S I hope you are ok? Did you manage to get anywhere with your various enquiries? This thread seems to have gone a bit off track today! I would agree with others that it may take you time to absorb what has been said. I just hope that you dont take any drastic action out of fear...big hugs for you!

In_Search_Of_Me

Lets just hope that Mr S is still investigating options while we've had our little DFW holiday!! Come back Mr S & let us know how you are!

seven-day-weekend

Hello ther Mr SP, I hope that you have been able to see things more clearly over the MSE-less weekend.

Please let us know how you are doing.

wisbech_lad

Just to reiterate the obvious.

DO NOT SELL YOUR HOUSE AND RENT IT BACK.

Have you checked if you can claim IB? If you are badly hurt enough that you can't work, and have paid up your NI stamps, well, that is what IB is for.

Your friend that owes you 5000. He needs to start paying you back, whatever you can get out of him. As others say, don't call, go and see him (with your wife) and shame him (and his wife if he has one) into it. Go around every week if you have to until he agrees to something. At least get an agreement with him and his landlord that when the tenancy finishes, the deposit is paid direct to you, not him. Whether you like it or not, you now have to be a debt collector on an unsecured loan.

Try and get your own source(s) of income, ebay, pub work, supermarket meeter and greeter, IB, IS - whatever. Not just for the money, but for your own well-being. Raging against the unfairness of life (and life is unfair) is better than being fed-up. You might still lose your house, but please go down fighting rather than the guarantee that will lose your house with a sale/ leaseback.

Think of it this way. If you tough it out, worst is can happen you go bankrupt and get repossessed. Likely this will cost Kensington (and the secured lender) considerable amount of money, time, aggravation and profit. Especially with all the advise you can get on these boards.

If you sell/ lease back, your lenders will walk away with a good profit, and in 6-12 months time you will VERY probably be homeless (and good chance of going bankrupt) and a bottom-feeding slumlord will have also made a good profit out of you.

So, yeah, either approach could leave you homeless and bankrupt. But the first approach - there is hope, well, your mate could pay you back, you could find that you are covered by insurance for your injury, you might be able to claim back PPI - it gives you a chance, and if it doesn't work out - there is the grim satisfaction that at least no vulture made money out of your misery

lindens

Retired_I.F.A. wrote: »

no wonder premiums are so high when they cover saft !!!!!!s who dont look where they are going.

He was the worlds biggest scrounger and claimed for anything going, i might add

Mr_Spangle_Pants

I did wobble over the MSE free weekend, it is a wierd feeling knowing the team is still behind me but invisible!! I was going crazy at the weekend, I filled in half a dozen on-line contact thingys on the Sell and Rent backsites, just to guage response, I will let you know. I wnet to see my friend who owes me £5000, he was very abusive and threatened me, I can't believe it, I helped him and his family out and this is what money does, it has a very short memory. Thanks KarmaKat for being so supportive.