Possible repossession. Getting it off my chest. Miss-sold mortgage?

Hi everyone.

I am going to court on Friday as I have built up heavy arrears on my mortgage account due to being self employed and not being able to afford the payments. I was told by Accord mortgages that it is a hearing that will accept viable proposals though after reading Accords witness statement, it seems clear they are looking to repossess the property.

I have a couple of things I might be able to do before Friday that could save this from happening. 1) put it up for let 2) provide evidence of purchase orders summing in the region of £15,000. But this is literally all I got.

I am generally quite annoyed I have this mortgage and it was something that was put on me as soon as I turned 18. I cannot blame my parents as they thought they were doing what's best for me, but truth be told, I don't think I have ever had more than 6 months of stress free life in the 7 years I have had it and as a result, I missed out heavily in my 18-25 years of age. I have never really been able to afford without making huge compromises or borrowing heavily. The one good thing to take away from it at this stage is that for 25, I am very down to earth when it comes to it and have A LOT of life experience, relatively speaking. :T

It has taken 7 years but it has finally gotten to breaking point and Friday is the day of reckoning.

What has annoyed me the most is how I came about getting a mortgage. It was in the days of self-cert, money lending fananza. I went self cert under the advice of my broker/solicitor and a mortgage deal was found for me. Back then I was working a cash in hand £200/week job labouring (which is of course only temporary). I was young and didn't understand any of it. My parents were well off at the time so I guess they always assumed they would be able to help should I need it. Needless to say, they aren't so well off any more. I borrowed £100,000 with a deposit of £25,000. 35 year buy to let, interest only @ 3.5% fixed for 3 years. current, variable @ 5.99%. When the solicitor was going through it all with me, I remember seeing a figure of over £350,000 which I assume was some sort of total repayment figure. And she literally just said, "we don't need to worry about that figure". Even to this day, I have no idea how to go about actually paying off the mortgage. On the few time I have managed to make over payments, they have just put my account into credit, not reduced the overall figure.

Looking back, I feel the whole thing was bull. My parents were naive, which is strange as they made their money in property and hotels. They were ripped off, I was ripped off.

Anyway, just getting it off my chest really. Not a very good week at all. I hope you are all having a better one!

Thanks for reading.

EDIT: I've actually just had a look into how interest only mortgages work.. how is it even legal..