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End of mortgage term last year (August 2024) but bank didn't contact me before now - can't pay total
Comments
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From the lender's perspective this will now run it's natural course. They won't wait indefinately if there's no proactive action taken. The contract will will enforced at additional expense to recover the money owed.1
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It does sound very much like you are running out of options.
The sooner you accept this and sell your property to settle the balance the better off you will be and the more money you will walk away with.
The costs will only start racking up with agents visits, arrears charges, legal fees and repossession charges all of which will eat into your equity.
By all means seek some advice but do this quickly as you are running out of time on this one and the costs will start escalating quickly.1 -
So a business bought a car while it was obviously not solvent?tifo said:
That was a company car paid for by the business.Admiral_Barbarossa said:
A new 71 plate car in 2021 is part of the problems.I work from home so my cat can be fed on demand!0
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