Posted on: 09th Jul, 2011 05:50 am
Hi my partner recently passed away in june we live in the uk and I am searching for some advice on how best to go about dealing with our home which was in joint name and was a interest only
mortgage and the maturity of the house is ending in June 2012 which will be repossesed if not paid in full by this date. I have some details here which may be relevant to give you a clearer idea of my situation.
* The short fall is of £38,000 .
* All bills including Nationwide interest for home = £600 a month.
* Another policy I will receive after probate letters processed is for £18,300.
* My wages a month after tax = £1040.00.
* I am currently on statutory sick pay, full pay till july 31st half commencing this date till 30th sep.
* Our home is a 4 bedroom house.
Any help be very much appreciated. Thanks.
mortgage and the maturity of the house is ending in June 2012 which will be repossesed if not paid in full by this date. I have some details here which may be relevant to give you a clearer idea of my situation.
* The short fall is of £38,000 .
* All bills including Nationwide interest for home = £600 a month.
* Another policy I will receive after probate letters processed is for £18,300.
* My wages a month after tax = £1040.00.
* I am currently on statutory sick pay, full pay till july 31st half commencing this date till 30th sep.
* Our home is a 4 bedroom house.
Any help be very much appreciated. Thanks.
karldean, you don't make mention of any options other than paying this debt in full next year. is it not possible for you to refinance?
i don't know anything about how you do business in the uk, so cannot help with much of anything else other than raising that question. sorry i can't provide more.
i don't know anything about how you do business in the uk, so cannot help with much of anything else other than raising that question. sorry i can't provide more.
Hi karldean,
It will be better if you could contact a UK based attorney and take his opinion in this regard. He will be able to guide you better in this matter.
Thanks
It will be better if you could contact a UK based attorney and take his opinion in this regard. He will be able to guide you better in this matter.
Thanks
