All Forums  archive  bankruptcy postbag for august  Rented house question

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Screensize: 640 x 480 800 x 600 1024 x 768 1280 x 1024 UserName: Password: Format Mode: Basic  Help  Prompt  Format: Font Andale Mono Arial Arial Black Book Antiqua Century Gothic Comic Sans MS Courier New Georgia Impact Lucida Console Script MT Bold Stencil Tahoma Times New Roman Trebuchet MS Verdana   Size 1 2 3 4 5 6   Color Black Red Yellow Pink Green Orange Purple Blue Beige Brown Teal Navy Maroon LimeGreen Message: * HTML is OFF * Forum Code is ON Smilies [quote][i]Originally posted by grantspants[/i] [br]Hi, was wondering if any one of you lovely people could help me out with a little advice.... I'm currently paying £992 on mortgage and my home is now well into negative equity. My plan is to rent a house, and declare the shortfall on my SOA and the hand the keys back. All this should happen in October probably. I'm looking at a house to rent at £800 per month, its actually a much nicer house than we currently live in. So that will save £192 on my I & E when I do the final one. Will the OR be ok with this rental figure, bearing in mind it's less than I currently pay in mortgage? My wife had basically nothing to do with my debt situation as I had the vast majority of it when we met, so I don't want her to pay for my past by making her live somewhere she won't be happy and risking our marriage. Any advice appreciated as we're both a bit stressed about this right now. Many thanks [/quote]   Check here to include your profile signature. Check here to subscribe to this topic.