Money is money. You could just as easily argue that you have used a family gift to make capital repayments on your mortgage and that you paid the creche fees yourself.have used a family gift to help with the creche fees for 2 children
Fair play to you.i am aware that this is our debt + our responsibility
Yes the rate is buy to let svr
They do, but they should allow the sale go through, especially if the alternative is that it will be handed back to them. In the past, they refused to allow such sales, but they are much more flexible now.I didn’t think it was possible to sell a property without the banks consent! Do they not hold the deeds?
Do you think it is not worth considering the interest only option as it is only pushing the problem down the road and not solving anything?
I don’t have any confidence in them providing a workable solution.
Absolutely. 6 months is nothing. You will have the exact same problem in 6 months but you will be off to Oz and will have enough to worry about.If they offer us six months interest only – do you think I should reject this and follow the tactics you advised earlier
They can pursue you in Australia for the debt. But they are very unlikely to do so. However, it is just so much cleaner to stop in the UK on your way to Oz. Then you will go debt-free to Oz and you will be debt-free if you choose to return to Ireland.If they refuse to engage fairly and we either hand back the keys or sell the property what is our legal position then
It’s a massive decision for us either way and I would like to get something sorted before we leave as communication will be difficult from Australia
would a judgement affect our ability to return to Ireland for a funeral etc etc?
Can you recommend anyone who we can go to and act with us or on our behalf - we are just very nervous and are afraid that we will mess it up and end up in further trouble in OZ
Brendan have you amended the advise that you gave yesterday re final settlement? Today you advise to pay them the withheld rent as final settlement but yesterday you advised to negotiate for a deal re the shortfall
Thanks
They will stick to the party line of "We don't do debt forgiveness" regardless of how poor a commercial decision it is.
Surely their solicitors would block a sale if one were attempted?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?