Tinkertailor
Registered User
- Messages
- 3
hi Guys first Post,hope i Dont make a mess of it or offend anyone.
I have a a large debt owed to a bank, they have a judgement against a property i own , which i am more than happy to sell and give them the proceeds, however it only covers about 10% of the debt.I have a personal Pension which a its current encashment value stands at about 50% of the debt but potentially realise well over 100% of the debt when it matures in 2036.My question is could i offer my pension as a settlement either as it stands now or as an agreement to dicharge my debt with the proceeds of the investment when it matures?
Many thanks in advance to anyone with comments/ideas.
What if the OP was offered a split mortgage? Would it make sense then?
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