Presumably it's because parents are not dependants. It's not the same as children. All the EBS will be seeing is money going elsewhere other than paying mortgage and debt while getting into further arrears. I don't think the Insolvency servcice would allow this either in their calculations for what is allowed and not allowed. Maybe there are special circumstances for this case.Why and why are the EBS rejecting this?.
I can't reconcile this aspiration with a continuity of paying IO on the mortgage facility. You are presumably in MARP but virtually any bank at this stage would be considering a MARP exclusion and calling in the facility. OP you need to obtain professional help here as your current approach is unrealistic and will only lead to re-possession. Comments above re parents are apt and also the fact that you are re-paying unsecured loans in priority to your mortgage. EBS tend to procrastinate on action for a number of years but then very quick to appoint solicitors and commence legal action. You need to obtain a good advisor and address this issue as a matter of urgency.I really want to keep the family home because i have nowhere else to live. kids go to nearby school.
any advice please.
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