All Forums  archive  Forum Questions  What happens to bridging loan ?

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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 robin303[/i] [br]Hi I was made bankrupt 2009 to 2010. After this I took out a bridging loan with the same mortgage company that I went bankrupt with, at the time they sold my property and had a shortfall of £54,000. When I took out bridging loan they knew I had been bankrupt with them in the past but said it was ok. I took the bridging loan and when I went to convert it 3 months later they would only covert it if I agreed to the outstanding balance being added to my new loan. I had no option but to accept as they were going to add it to my bridging loan when my 9 months were up and I had to pay that back. Is this allowed if the original balance outstanding was included in my original bankruptcy? None of this was mentioned when I took out the last mortgage with them. Can I get this amount back as I am now selling the property and they have added it on? [/quote]   Check here to include your profile signature. Check here to subscribe to this topic.