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T O P I C R E V I E W
Nice Guy
Posted - 20 April 2009 : 17:42:48 I had a OneAccount mortgage on my former home. The OneAccount is a current account mortgage. They evicted me and sold the property leaving me with a £25,000 debt. Does this count as a secured loan since the property is now sold? Do I need to declare it as a property I have disposed of since I had nothing to do with its sale? Also in the section on bank accounts do I put the £25,000 overdraft there, or should it be somewhere else on the form?
1 L A T E S T R E P L I E S (Newest First)
Reviva UK
Posted - 20 April 2009 : 18:07:23 Hi
you need to identify the house as previously disposed of within the last 5 years.
you also need to declare the 25k in the unsecured section as " mortgage shortfall after reposession"
you also need to identify the one account in the bank account section.
who would have thought that such a simple concept as the One Account becomes such a pain in insolvency proceedings
