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Webb Resolutions??
isitpossible
Posts: 14 Forumite
Got a letter through today saying my mortgage is now with Webb Resolutions.. formerly GMAC.
We bought house back in the peak of 2007, with a 10% deposit, however that now means we are in negative equity.
House is worth roughly 210,000K (next door just sold on market for 215K) mortgage is 230K..
so until today we were just going to go onto the libor + rate they were going to offer us but we know we were in a very precarious situation with regards to any interest rate hikes.
We are in interest only also at the moment as it was all we could afford after the missus gave up work to look after the 3 kids.
Is there anything we can do?? Any ideas would be welcome
I have never heard of Webb resolutions
Thanks
We bought house back in the peak of 2007, with a 10% deposit, however that now means we are in negative equity.
House is worth roughly 210,000K (next door just sold on market for 215K) mortgage is 230K..
so until today we were just going to go onto the libor + rate they were going to offer us but we know we were in a very precarious situation with regards to any interest rate hikes.We are in interest only also at the moment as it was all we could afford after the missus gave up work to look after the 3 kids.
Is there anything we can do?? Any ideas would be welcome
I have never heard of Webb resolutions
Thanks
0
Comments
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Rather than duplicate threads. This may help answer some of your questions.
https://forums.moneysavingexpert.com/discussion/25702250
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