Can banks insist which mortgage I pay?

I have a number of properties that are in negative equity.

I have now formally applied to bank requesting a writedown of some sort. Failing that my plan is to go bankrupt as I live in uk.

I have a lumpsum of 50k also.

On one of my mortgages my mother signed as a guarantor for 100k.
Currently that property is in neg equity of 100k.

Cab I use my 50k savings to that mortgage only ?
Thereby reducing my mothers liability by 50k?

Or would they make me pay this off one if the other properties thereby allowing them to still get the 100k from my mother?

If you have €50k cash , you can do what you want with it.

However, if you show preference to a particular creditor just before you go bankrupt, it could be regarded as defrauding the other creditors.

Not sure what the situation on this is in England though.

Brendan

Thanks Brendan.

In my instance all my debts are with aib