| T O P I C R E V I E W |
| tdf |
Posted - 08 September 2011 : 18:16:58
what will happen when i go bankrupt to my 2 properties in uk and one abroad, all 3 are negative equity about £19,000 each i have tenents in paying the mortage and it covers it ok.HELP?????? |
| 8 L A T E S T R E P L I E S (Newest First) |
| tdf |
Posted - 09 September 2011 : 09:09:37
Yes have gas certificates Elec etc all have deposit in them but well over negative equity.the one prorrty in my own but had tonmove out and th other is investment. |
| debtinfo |
Posted - 08 September 2011 : 22:41:48
Do you have permission to rent them from the mortgage companies, did they pay a deposit, if so is it in an approved scheme, do you have safety certificates for gas elec etc |
| debtinfo |
Posted - 08 September 2011 : 22:38:32
Then it is likely that the trustee will collect the rent and not pay the mortgage. This will probably lead to the properties being repossessed. There are no guarantees but I think this is the most likely outcome |
| tdf |
Posted - 08 September 2011 : 22:08:41
Residential |
| debtinfo |
Posted - 08 September 2011 : 21:59:07
and are they buy to let or residential mortgages |
| tdf |
Posted - 08 September 2011 : 21:16:15
quote:
Originally posted by debtinfo
are the properties solely owned or jointly and are they on proper buy to let mortgages
just solely in my name intrest only |
| debtinfo |
Posted - 08 September 2011 : 21:05:02
are the properties solely owned or jointly and are they on proper buy to let mortgages |
| Niobe |
Posted - 08 September 2011 : 18:50:57
Hi and welcome.
No idea about this I'm afraid. Hopefully one of the experts can help.
Follow through
Make your dreams come true
Don't give up the fight
You will be alright
'Cause there's no one like you in the universe
Jan
xxx |
