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T O P I C R E V I E W
jo07
Posted - 14 October 2009 : 21:04:50 hi just received forms asking if we want to buy interest in our property which we do.am just wondering is this getting near the end of the investigation or is there much more to come thanks
1 L A T E S T R E P L I E S (Newest First)
Housing
Posted - 14 October 2009 : 21:39:16 Hi,
It very much depends on your situation, I guess.
Is the property jointly owned? Is just one of you BR? Is there any equity or is it in negative equity? Is the mortgage up to date? Can you continue to pay the mortgage?
The above are just some things to consider.
There are a number of the Forum Experts that may be able to guide you.
We have two properties, I am the BR, we have a small equity/border negative. We are going for the BI on both properties after talking to people, discussing ourselves. We always paid the mortgage - in fact I always paid by other borrowing - with the recession (an estate agent!!) we could not manage to pay the unsecured and revolving debt (credit cards etc). I went BR - my wife is paying with agreements and will hopefully not have to go BR or even an IVA -difficult at times to balance the books.
As I have said, take the advice of the BR experts on this one and good luck, Richard
