Hi All
My husband owes money to the bank. He has written to them (via his solicitor) and has arranged to pay a monthly sum to clear the debt. He received a letter from the Banks Solicitors saying that they are willing to accept his proposal of the monthly payments, subject to periodic reviews. This is great news. However, there is one line in the letter that is worrying me still:
"Please note that this offer is subject to Judgement and Judgement Mortgagae being obtained to sercure our clients position"
I have 2 questions on this that I would love your opinion on:
1: Can he start paying straight away or does he have to wait until the judgement is obtained?
2: The only property we have is our family home. I bought this house before we were married and therefore only my name appears on the mortgage and on the deeds. Can they place the Judgement Mortgage on our family home?
Many thanks in advance
t
My husband owes money to the bank. He has written to them (via his solicitor) and has arranged to pay a monthly sum to clear the debt. He received a letter from the Banks Solicitors saying that they are willing to accept his proposal of the monthly payments, subject to periodic reviews. This is great news. However, there is one line in the letter that is worrying me still:
"Please note that this offer is subject to Judgement and Judgement Mortgagae being obtained to sercure our clients position"
I have 2 questions on this that I would love your opinion on:
1: Can he start paying straight away or does he have to wait until the judgement is obtained?
2: The only property we have is our family home. I bought this house before we were married and therefore only my name appears on the mortgage and on the deeds. Can they place the Judgement Mortgage on our family home?
Many thanks in advance
t