All Forums  archive  Forum Questions  If we buy out house what happens in future years ?

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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 Mary[/i] [br]Hi there Hubby and I both went bankrupt in December. We live in a property which we own on a buy to let mortgage. Our tustee is suggesting that they are calculating £17 thousand equity in the property, and suggest we stay and try to find a third party to buy the equity on our behalf. If we buy it out what happens if in years to come the property increases in value, or we are able to improve it and therefore enhance it's value. Would it still be of interest to the receiver after we are discharged (assuming this happens after a year?). All this is subject to the building society letting us re-negotiate the mortgage which might not happen! we are a cuople with two kids so hopefully would not be turfed out imminently. Many thanks for any advice - Mary [/quote]   Check here to include your profile signature. Check here to subscribe to this topic.