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Debts and mortgage
Parkerm2021
Posts: 1 Newbie
Hi All,
would appreciate advice on the below
currently have large loans (unsecured) now can’t afford them due to health issues for both myself and partner.
we have managed to ensure our mortgage is payed to NatWest, however our large loans are with NatWest also, they are not secured to the house, if we continue to not make the payments can they take our home away because of the loans ? Or will it just default and end up at a debt collection agency?
would appreciate advice on the below
currently have large loans (unsecured) now can’t afford them due to health issues for both myself and partner.
we have managed to ensure our mortgage is payed to NatWest, however our large loans are with NatWest also, they are not secured to the house, if we continue to not make the payments can they take our home away because of the loans ? Or will it just default and end up at a debt collection agency?
Thank you
0
Comments
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If they are not secured then no your house is not at risk. Even if Nat West take you to court (unlikely) you will not be forced to sell if your income is insufficient to cover repayments.I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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