writing off loans and cards taken out before 07

I am feeling a bit of a fool as late as we too got sucked into the together mortgage with no understanding of the housing market and a mortgage brocker not telling me or my wife anything about the potencial pitfalls of this product!

It doesnt take a lot of common sense though does it.

My question is this has anyone challeged norther rock or thier brock about being miss sold

From what you say, the broker told you the correct information. You borrowed more than the house was worth on day one so its pretty obvious you would still be in negative equity now.

I am alot more financialy astute now but I dont want to have to suffer for the next 20 years trying to pay this back and strugle due to being given bad advice and trusting some one on matters we did not have any knollege of

You knew how much you were buying the house for. You knew how much you were borrowing. Why is that a mis-sale or bad advice. The NR together package was stupid on the part of NR to offer it but it catered for people that didnt have savings and wanted to get a house. From what you say, you didnt have savings and you wanted a house. The product fitted your circumstances.

I am asking as I am close to having to hand the house back as I am under the threat of redundancy and am looking for any solution away from an IVA or bankruptcy as I have two children to support.

That doesnt mean you can attempt to put a fraudulent claim in.

was not warned that this could happen as for the past 10 years house prices have risen I am only 30 and was never that interested in house before my wife and I got married.

Sorry i don't believe you. The house price warnings and mortgage payment warnings have existed for a long long time on the documentation. The contract you signed had details like that on it as well.

I trusted a broker and the advise they gave me. They did not have a problem lending the money and at no point was the potential risks explained

And nothing you say suggests any issues with the advice given. You went to the mortgage adviser and asked for a mortgage to buy a house and they told you the only way you could do it, that would have come with a illustration that gave the risk warnings of what you were doing and the adviser would have answered any questions you asked. If you didnt ask questions and didnt read the documents issued then that is not the brokers fault.

I understood it for years that I would just need to hand the house back if we got into trouble paying. Maybe that is naive of me but as I said not all of us are professional in these matters we rely of other peoples advice.

That is an assumption that you now know is incorrect. However, that isnt something you would normally expect to be discussed in detail when arranging a mortgage. The standard risk warnings are normally sufficient.

I am desperate morrals dont come into it when you and your family may end up on the street!

If you feel that way then break into your neighbours house and steal their money. Morals do come into it as theft is theft regardless of the circumstances.

I sympathise for your situation but saying things like you didnt know house prices could go down as well as up or that you didnt realise you had to repay the money you borrowed just don't wash it. You are just looking for excuses to get someone else to pay your debts.