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Old House Repossession!!
gothika
Posts: 7 Forumite
We had a mortgage for a flat 20years ago that got reposessed in 1993 we went to court and handed back the keys. Since then the mortgage who was with Alliance and Leicester was handed to a company called Capital Recoveries for debt repayments.
Every month we pay £20-£30 now they are asking for more. we cant actually pay much more as im a student nurse full time and partner still in full time work.
A letter came this morning telling us that they can seek a legal charge over our property in order to secure the money owed to them.
What are our rights and can they do this? We are in debt with credit cards and struggling enough now with 2 kids and no help for me.
Can anybody offer us some valuable advice please??
Every month we pay £20-£30 now they are asking for more. we cant actually pay much more as im a student nurse full time and partner still in full time work.
A letter came this morning telling us that they can seek a legal charge over our property in order to secure the money owed to them.
What are our rights and can they do this? We are in debt with credit cards and struggling enough now with 2 kids and no help for me.
Can anybody offer us some valuable advice please??
0
Comments
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speak to one of the debt charities Payplan, CCCS0
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I have checked your other posts on the mortgage board.
Can you confirm how much your current house is worth and how much the mortgage is?
Do you have much equity?
What other debts do you have? Could you post a SOA listing your incomings and outgoings wih the debts listed at the bottom?
Once I have seen this information we will be able to give more advice.
EE0
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